EUR/USD intraday: the upside prevails.

Pivot: 1.3735
Preference: Long positions above 1.3735 with targets @ 1.383 & 1.389 in extension.
Alternative scenario: Below 1.3735 look for further downside with 1.369 & 1.364 as targets.
Comment: the pair remains on the upside and is approaching its previous high as 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: the downside prevails.

Pivot: 102.95
Preference: Short positions below 102.95 with targets @ 102.35 & 102 in extension.
Alternative scenario: Above 102.95 look for further upside with 103.35 & 103.7 as targets.
Comment: the pair is posting a rebound but stands below 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: the downside prevails.

Pivot: 1.6415
Preference: Short positions below 1.6415 with targets @ 1.635 & 1.632 in extension.
Alternative scenario: Above 1.6415 look for further upside with 1.644 & 1.647 as targets.
Comment: the pair remains under pressure 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/CAD intraday: under pressure.

Pivot: 1.0615
Preference: Short positions below 1.0615 with targets @ 1.0565 & 1.053 in extension.
Alternative scenario: Above 1.0615 look for further upside with 1.0645 & 1.067 as targets.
Comment: the pair is trading in a bearish channel



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 advance.

Pivot: 0.839
Preference: Long @ 0.84 with targets @ 0.845 & 0.8465 in extension.
Alternative scenario: Below 0.839 look for further downside with 0.837 & 0.8345 as targets.
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: 1242.00
Preference: LONG positions above 1242 with 1279 & 1294 in sight.
Alternative scenario: The downside penetration of 1242 will call for a slide towards 1226 & 1212.
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: the bias remains bullish.

Pivot: 19.85
Preference: LONG positions above 19.85 with 20.5 & 20.85 as next targets.
Alternative scenario: The downside breakout of 19.85 will open the way to 19.25 & 18.85.
Comment: the next resistances are at 20.5 and then at 20.85.



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.