SILVER (Spot) intraday: bullish bias above 21.3

Pivot: 21.30
Preference: LONG positions above 21.3 with targets @ 22 & 22.25.
Alternative scenario: The downside penetration of 21.3 will call for 20.95 & 20.6.
Comment: technically, 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.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1301.00
Preference: LONG positions above 1301 with targets @ 1323 & 1337.
Alternative scenario: The downside breakout of 1301 will open the way to 1293 & 1277.
Comment: the RSI is mixed with a 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.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8400.
Preference: LONG positions above 0.84 with 0.8445 & 0.846 in sight.
Alternative scenario: The downside penetration of 0.84 will call for a slide towards 0.838 & 0.836.
Comment: the pair remains on the upside and is challenging its resistance, the RSI is supported by a rising trend line.

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: 1.034
Preference: Short positions below 1.034 with targets @ 1.0305 & 1.0295 in extension.
Alternative scenario: Above 1.034 look for further upside with 1.0355 & 1.037 as targets.
Comment: as long as 1.034 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.

GBP/USD intraday: under pressure.

Pivot: 1.6200.
Preference: SHORT positions below 1.62 with targets @ 1.615 & 1.612.
Alternative scenario: The upside breakout of 1.62 will open the way to 1.6235 & 1.626.
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.

USD/JPY intraday: under pressure.

Pivot: 97.85.
Preference: SHORT positions below 97.85 with 96.8 & 96.35 in sight.
Alternative scenario: The upside penetration of 97.85 will call for 98.1 & 98.35.
Comment: the pair remains under pressure and is approaching 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.

EUR/USD intraday: further upside.

Pivot: 1.3570.
Preference: LONG positions above 1.357 with targets @ 1.3645 & 1.367.
Alternative scenario: The downside penetration of 1.357 will call for a slide towards 1.354 & 1.3505.
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.