EURUSD
Our Preference: LONG positions @ 1.407 with 1.4175 & 1.426 in sight.Alternative scenario: The downside penetration of 1.406 will call for 1.4 & 1.395.
Comment: the pair remains on the upside and stands within a MT bullish channel.
GBP/USD intraday: supported by a rising trend line
Our Preference: LONG positions @ 1.607 with 1.617 & 1.6225 in sight.Alternative scenario: The downside penetration of 1.606 will call for a slide towards 1.6 & 1.596.
Comment: the pair is supported by a rising trend line and should post a further up move, the RSI is well directed.
Our preference: Long positions above 1.002 with targets @ 1.0085 & 1.016 in extension.
Alternative scenario: Below 1.002 look for further downside with 0.9975 & 0.99 as targets.
Comment: the RSI is mixed with a bullish bias.
USD/JPY intraday: under pressure.
Our Preference: SHORT positions @ 81.05 with targets @ 80.6 & 80.45.
Alternative scenario: The upside penetration of 81.1 will call for a rebound towards 81.3 & 81.55.
Comment: the RSI has broken below its support, the pair should face a further weakness.
USD/CAD intraday: capped by a negative trend line
Our preference: Short positions below 1.012 with targets @ 1.005 & 1.0025 in extension.
Alternative scenario: Above 1.012 look for further upside with 1.0155 & 1.018 as targets.
Comment: the RSI is badly directed.
USD/CHF intraday: capped by a negative trend line.
Our preference: Short positions below 0.9765 with targets @ 0.9695 & 0.966 in extension.
Alternative scenario: Above 0.9765 look for further upside with 0.9825 & 0.9855 as targets.
Comment: the pair is capped by a declining trend line, the RSI is badly directed.
EUR/JPY intraday: intraday support around 113.5.
Our preference: Long @ 113.57 with targets @ 114.35 & 114.6 in extension.
Alternative scenario: Below 113.5 look for further downside with 113.2 & 112.9 as targets.
Comment: the pair should pull back on its rising trend line ahead of a further up move
EUR/GBP intraday: the upside prevails.
Our preference: Long positions above 0.873 with targets @ 0.879 & 0.8825 in extension.
Alternative scenario: Below 0.873 look for further downside with 0.87 & 0.8675 as targets.
Comment: the pair should pull back on its support ahead of a rebound.
GOLD (Spot) intraday: further upside
Our Preference: LONG positions above 1347 with 1365 & 1375 as next targets.Alternative scenario: The downside penetration of 1347 will call for a slide towards 1335 & 1325.
Comment: the price has rebounded on its rising trend line and should reach its next resistance at 1365.