SILVER (Spot) intraday: up turn.

Pivot: 21.45
Preference: LONG positions above 21.45 with targets @ 21.9 & 22.1.
Alternative scenario: The downside penetration of 21.45 will call for a slide towards 21.3 & 21.2.
Comment: intraday support around 21.45

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: 1320.00
Preference: LONG positions above 1320 with 1352 & 1359 as next targets.
Alternative scenario: The downside breakout of 1320 will open the way to 1306 & 1291.
Comment: gold prices are trading in a bullish 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: the downside prevails.

Pivot: 0.8390.
Preference: SHORT positions below 0.839 with targets @ 0.8335 & 0.8325.
Alternative scenario: The upside penetration of 0.839 will call for a rebound towards 0.842 & 0.8435.
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: bullish bias above 1.028.

Pivot: 1.028
Preference: Long positions above 1.028 with targets @ 1.0335 & 1.0355 in extension.
Alternative scenario: Below 1.028 look for further downside with 1.0255 & 1.023 as targets.
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.

GBP/USD intraday: the upside prevails.

Pivot: 1.6105.
Preference: LONG positions above 1.6105 with targets @ 1.6195 & 1.623.
Alternative scenario: The downside penetration of 1.6105 will call for a slide towards 1.608 & 1.604.
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.

USD/JPY intraday: under pressure.

Pivot: 98.25.
Preference: SHORT positions below 98.25 with 97.65 & 97.4 in sight.
Alternative scenario: The upside penetration of 98.25 will call for a rebound towards 98.55 & 98.85.
Comment: the pair stands below its new 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.

EUR/USD intraday: under pressure.

Pivot: 1.3525.
Preference: SHORT positions below 1.3525 with 1.347 & 1.3455 as next targets.
Alternative scenario: The upside penetration of 1.3525 will call for 1.355 & 1.357.
Comment: the pair stands below its new 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.