EUR/USD intraday: intraday support around 1.377

Pivot: 1.3770.
Preference: LONG positions above 1.377 with 1.383 & 1.386 in sight.
Alternative scenario: The downside penetration of 1.377 will call for 1.3735 & 1.37.
Comment: the pair is facing a pull back and is challenging its support.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: the bias remains bullish.

Pivot: 97.40.
Preference: LONG positions above 97.4 with 97.8 & 98 in sight.
Alternative scenario: The downside penetration of 97.4 will call for 97.15 & 96.9.
Comment: the pair is pulling back on its support ahead of a rebound.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the downside prevails.

Pivot: 1.6170.
Preference: SHORT positions below 1.617 with targets @ 1.6055 & 1.6.
Alternative scenario: The upside penetration of 1.617 will call for 1.621 & 1.626.
Comment: the pair has broken below a rising trend line and remains on the downside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: intraday support around 1.0425.

Pivot: 1.0425
Preference: Long positions above 1.0425 with targets @ 1.0465 & 1.049 in extension.
Alternative scenario: Below 1.0425 look for further downside with 1.039 & 1.036 as targets.
Comment: a support base at 1.0425 has formed and has allowed for a temporary stabilisation.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8515.
Preference: LONG positions above 0.8515 with 0.858 & 0.8605 in sight.
Alternative scenario: The downside penetration of 0.8515 will call for 0.85 & 0.848.
Comment: the pair remains on the upside and is challenging its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1341.00
Preference: LONG positions above 1341 with 1362 & 1374 as next targets.
Alternative scenario: The downside penetration of 1341 will call for a slide towards 1328 & 1309.
Comment: the RSI has just landed on its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: under pressure.

Pivot: 22.85
Preference: SHORT positions below 22.85 with 22.25 & 21.95 in sight.
Alternative scenario: The upside penetration of 22.85 will call for 23.4 & 24.1.
Comment: as long as 22.85 is resistance, look for choppy price action with a bearish bias.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: the upside prevails.

Pivot: 1.3735.
Preference: LONG positions above 1.3735 with 1.383 & 1.389 as next targets.
Alternative scenario: The downside penetration of 1.3735 will call for 1.37 & 1.3645.
Comment: the pair remains on the upside and is challenging its resistance, the RSI is well directed.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 97.50.
Preference: SHORT positions below 97.5 with 96.8 & 96.55 as next targets.
Alternative scenario: The upside penetration of 97.5 will call for a rebound towards 97.8 & 98.2.
Comment: the pair has broken below its support and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: rebound.

Pivot: 1.6155.
Preference: LONG positions above 1.6155 with 1.626 & 1.629 as next targets.
Alternative scenario: The downside breakout of 1.6155 will open the way to 1.611 & 1.608.
Comment: the pair has broken above its resistance and is approaching its previous high.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: bullish bias above 1.036.

Pivot: 1.036
Preference: Long positions above 1.036 with targets @ 1.0465 & 1.0488 in extension.
Alternative scenario: Below 1.036 look for further downside with 1.031 & 1.028 as targets.
Comment: the RSI lacks downward momentum

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: intraday support around 0.85

Pivot: 0.8500.
Our preference: LONG positions above 0.85 with 0.8535 & 0.8555 in sight.
Alternative scenario: The downside breakout of 0.85 will open the way to 0.848 & 0.8465.
Comment: the pair is rebounding on its support as the RSI is turning up.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: further upside.

Pivot: 1328.00
Our preference: LONG positions above 1328 with 1352 & 1374 as next targets.
Alternative scenario: The downside penetration of 1328 will call for 1309 & 1287.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.



The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: further upside.

Pivot: 22.25
Preference: LONG positions above 22.25 with targets @ 22.85 & 23.4.
Alternative scenario: The downside penetration of 22.25 will call for 21.95 & 21.65.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: the upside prevails.

Pivot: 1.3735.
Preference: LONG positions @ 1.375 with 1.3795 & 1.383 as next targets.
Alternative scenario: The downside breakout of 1.3735 will open the way to 1.37 & 1.3645.
Comment: the pair remains on the upside and is challenging its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: key ST resistance at 97.55

Pivot: 97.55.
Preference: SHORT positions below 97.55 with 97.1 & 96.8 in sight.
Alternative scenario: The upside penetration of 97.55 will call for a rebound towards 97.8 & 98.2.
Comment: the pair stands below its resistance and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: caution.

Pivot: 1.6205.
Preference: SHORT positions below 1.6205 with 1.6135 & 1.611 as next targets.
Alternative scenario: The upside penetration of 1.6205 will call for 1.626 & 1.629.
Comment: the pair is rebounding and is challenging its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: bullish bias above 1.0335.

Pivot: 1.0335
Preference: Long positions above 1.0335 with targets @ 1.042 & 1.047 in extension.
Alternative scenario: Below 1.0335 look for further downside with 1.031 & 1.028 as targets.
Comment: the break above 1.0335 is a positive signal that has opened a path to 1.042.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the bias remains bullish.

Pivot: 0.8500.
Preference: LONG positions above 0.85 with 0.8535 & 0.8555 in sight.
Alternative scenario: The downside breakout of 0.85 will open the way to 0.848 & 0.8465.
Comment: the pair stands above its new support and remains on the upside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1309.00
Preference: LONG positions above 1309 with 1350 & 1374 as next targets.
Alternative scenario: The downside penetration of 1309 will call for a slide towards 1287 & 1270.
Comment: the RSI is above its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: the bias remains bullish.

Pivot: 21.95
Preference: LONG positions above 21.95 with 22.85 & 23.4 in sight.
Alternative scenario: The downside penetration of 21.95 will call for 21.65 & 21.07.
Comment: the RSI is bullish and calls for further upside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: further advance.

Pivot: 1.3700.
Preference: LONG positions above 1.37 with 1.3795 & 1.383 in sight.
Alternative scenario: The downside penetration of 1.37 will call for 1.3645 & 1.361.
Comment: the pair stands above its support and remains on the upside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 97.95.
Preference: SHORT positions below 97.95 with 97.1 & 96.8 as next targets.
Alternative scenario: The upside breakout of 97.95 will open the way to 98.2 & 98.55.
Comment: the pair has broken below its support and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: further advance.

Pivot: 1.6145.
Preference: LONG positions above 1.6145 with 1.626 & 1.629 in sight.
Alternative scenario: The downside penetration of 1.6145 will call for 1.611 & 1.608.
Comment: the pair is facing a pull back ahead of further advance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: under pressure.

Pivot: 1.031
Preference: Short positions below 1.031 with targets @ 1.026 & 1.023 in extension.
Alternative scenario: Above 1.031 look for further upside with 1.036 & 1.039 as targets.
Comment: as long as 1.031 is resistance, look for choppy price action with a bearish bias.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: the bias remains bullish.

Pivot: 0.8465.
Preference: LONG positions above 0.8465 with 0.85 & 0.851 in sight.
Alternative scenario: The downside penetration of 0.8465 will call for 0.8445 & 0.8425.
Comment: the pair remains on the upside and is approaching its resistance

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: further upside.

Pivot: 1309.00
Our preference: LONG positions above 1309 with targets @ 1350 & 1374.
Alternative scenario: The downside penetration of 1309 will call for a slide towards 1287 & 1270.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: bullish bias above 21.95

Pivot: 21.95
Preference: LONG positions above 21.95 with targets @ 22.85 & 23.4.
Alternative scenario: The downside breakout of 21.95 will open the way to 21.65 & 21.07.
Comment: the RSI is above its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: intraday support around 1.3645

Pivot: 1.3645.
Preference: LONG positions above 1.3645 with 1.371 & 1.373 as next targets.
Alternative scenario: The downside breakout of 1.3645 will open the way to 1.361 & 1.3575.
Comment: the pair stands above its support and remains on the upside.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: further advance.

Pivot: 97.80.
Preference: LONG positions above 97.8 with 98.55 & 99 in sight.
Alternative scenario: The downside penetration of 97.8 will call for 97.5 & 97.1.
Comment: the pair is rebounding and is breaking above its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: under pressure.

Pivot: 1.6185.
Preference: SHORT positions below 1.6185 with 1.608 & 1.6045 in sight.
Alternative scenario: The upside penetration of 1.6185 will call for 1.622 & 1.626.
Comment: the pair has broken below its support and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: key ST resistance at 1.033.

Pivot: 1.033
Preference: Short positions below 1.033 with targets @ 1.027 & 1.023 in extension.
Alternative scenario: Above 1.033 look for further upside with 1.036 & 1.039 as targets.
Comment: the RSI has just broken below a bullish trend line: this calls for a down move.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: further upside.

Pivot: 0.8445.
Preference: LONG positions above 0.8445 with targets @ 0.8495 & 0.851.
Alternative scenario: The downside penetration of 0.8445 will call for a slide towards 0.8425 & 0.84.
Comment: the pair is rebounding and is breaking above its resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: further upside.

Pivot: 1287.00
Preference: LONG positions above 1287 with 1329 & 1350 in sight.
Alternative scenario: The downside penetration of 1287 will call for 1270 & 1252.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: further advance.

Pivot: 21.70
Preference: LONG positions above 21.7 with targets @ 22.45 & 22.85.
Alternative scenario: The downside penetration of 21.7 will call for a slide towards 21.07 & 20.48.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: further advance.

Pivot: 1.3645.
Preference: LONG positions @ 1.3655 with 1.371 & 1.373 as next targets.
Alternative scenario: The downside breakout of 1.3645 will open the way to 1.361 & 1.3575.
Comment: the pair is facing a pull back on its support ahead of a rebound.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: key ST resistance at 98.15

Pivot: 98.15.
Preference: SHORT positions below 98.15 with 97.5 & 97.1 in sight.
Alternative scenario: The upside breakout of 98.15 will open the way to 98.55 & 99.
Comment: the pair is rebounding but stands below its strong resistance.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: the bias remains bullish.

Pivot: 1.6140.
Preference: LONG positions above 1.614 with 1.622 & 1.626 in sight.
Alternative scenario: The downside penetration of 1.614 will call for 1.608 & 1.6045.
Comment: the pair stands above its support and should post a rebound.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: break of a ST rising trendline support.

Pivot: 1.033
Preference: Short positions below 1.033 with targets @ 1.027 & 1.023 in extension.
Alternative scenario: Above 1.033 look for further upside with 1.036 & 1.039 as targets.
Comment: a break below 1.027 would trigger a drop towards 1.023.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: under pressure.

Pivot: 0.8475.
Preference: SHORT positions below 0.8475 with 0.844 & 0.842 as next targets.
Alternative scenario: The upside penetration of 0.8475 will call for a rebound towards 0.8495 & 0.851.
Comment: the pair stands below its resistance and remains under pressure.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1287.00
Preference: LONG positions above 1287 with 1329 & 1350 as next targets.
Alternative scenario: The downside penetration of 1287 will call for 1270 & 1252.
Comment: the RSI is above its neutrality area at 50%.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: watch 22.45

Pivot: 21.55
Preference: LONG positions above 21.55 with 22.15 & 22.45 in sight.
Alternative scenario: The downside penetration of 21.55 will call for a slide towards 21.07 & 20.48.
Comment: the RSI calls for a rebound.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: the upside prevails.

Pivot: 1.3610.
Preference: LONG positions above 1.361 with targets @ 1.371 & 1.373.
Alternative scenario: The downside penetration of 1.361 will call for 1.3575 & 1.355.
Comment: the upward momentum remains strong while the pair is challenging its key medium term resistance at 1.371.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/JPY intraday: under pressure.

Pivot: 98.55.
Preference: SHORT positions below 98.55 with 97.7 & 97.1 as next targets.
Alternative scenario: The upside penetration of 98.55 will call for 99 & 99.4.
Comment: the pair is trading in a Broadening Formation, as a consequence, a break below 97.7 would trigger a drop towards 97.1.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GBP/USD intraday: further advance.

Pivot: 1.6055.
Preference: LONG positions above 1.6055 with targets @ 1.619 & 1.624.
Alternative scenario: The downside breakout of 1.6055 will open the way to 1.6025 & 1.5995.
Comment: the pair validated a Broadening Pattern calling for an upturn. The 1.612 former resistance area is now acting as a support (polarity principle).

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

USD/CAD intraday: key ST resistance at 1.033.

Pivot: 1.033
Preference: Short positions below 1.033 with targets @ 1.027 & 1.025 in extension.
Alternative scenario: Above 1.033 look for further upside with 1.036 & 1.039 as targets.
Comment: as long as 1.033 is resistance, look for choppy price action with a bearish bias.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/GBP intraday: ST consolidation in place.

Pivot: 0.8495.
Preference: SHORT positions below 0.8495 with targets @ 0.8435 & 0.842.
Alternative scenario: The upside penetration of 0.8495 will call for 0.851 & 0.853.
Comment: as long as 0.8495 is resistance, likely decline to 0.8435.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

GOLD (Spot) intraday: bullish bias above 1287

Pivot: 1287.00
Preference: LONG positions above 1287 with 1329 & 1350 in sight.
Alternative scenario: The downside penetration of 1287 will call for 1270 & 1252.
Comment: the immediate trend remains up and the momentum is strong.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

SILVER (Spot) intraday: the bias remains bullish.

Pivot: 21.30
Preference: LONG positions above 21.3 with targets @ 22.15 & 22.45.
Alternative scenario: The downside penetration of 21.3 will call for a slide towards 21.07 & 20.48.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.

EUR/USD intraday: intraday support around 1.3515

Pivot: 1.3515.
Preference: LONG positions above 1.3515 with targets @ 1.357 & 1.36.
Alternative scenario: The downside breakout of 1.3515 will open the way to 1.348 & 1.346.
Comment: the pair is trading in the middle of a consolidation area. The 1.3515 intermediary support maintains a slight bullish bias.

The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration.