SILVER (Spot) intraday: further advance.

Pivot: 21.85
Preference: LONG positions above 21.85 with 22.8 & 23.1 in sight.
Alternative scenario: The downside penetration of 21.85 will call for a slide towards 21.49 & 21.3.
Comment: intraday support around 21.85

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.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1315.00
Preference: LONG positions above 1315 with 1330 & 1337 in sight.
Alternative scenario: The downside penetration of 1315 will call for 1308.5 & 1302.
Comment: 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.

EUR/GBP intraday: the bias remains bullish.

Pivot: 0.8420.
Preference: LONG positions above 0.842 with 0.8455 & 0.848 as next targets.
Alternative scenario: The downside penetration of 0.842 will call for a slide towards 0.84 & 0.838.
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/CAD intraday: the bias remains bullish.

Pivot: 1.033
Preference: Long positions above 1.033 with targets @ 1.039 & 1.042 in extension.
Alternative scenario: Below 1.033 look for further downside with 1.0305 & 1.029 as targets.
Comment: the break above 1.033 is a positive signal that has opened a path to 1.039.

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: intraday support around 1.605

Pivot: 1.6050.
Preference: LONG positions above 1.605 with 1.6125 & 1.6165 in sight.
Alternative scenario: The downside breakout of 1.605 will open the way to 1.6 & 1.5975.
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: further advance.

Pivot: 96.75.
Preference: LONG positions above 96.75 with targets @ 97.5 & 97.85.
Alternative scenario: The downside breakout of 96.75 will open the way to 96.5 & 96.1.
Comment: the pair has broken above a declining trend line 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.

EUR/USD intraday: intraday support around 1.3555

Pivot: 1.3555.
Preference: LONG positions above 1.3555 with 1.3605 & 1.363 in sight.
Alternative scenario: The downside penetration of 1.3555 will call for 1.3535 & 1.3505.
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.

SILVER (Spot) intraday: further advance.

Pivot: 21.85
Our preference: LONG positions above 21.85 with 22.8 & 23.1 in sight.
Alternative scenario: The downside penetration of 21.85 will call for a slide towards 21.49 & 21.3.
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: bullish bias above 1308.5

Pivot: 1308.50
Our preference: LONG positions above 1308.5 with targets @ 1337 & 1343.
Alternative scenario: The downside penetration of 1308.5 will call for a slide towards 1293 & 1277.
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.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8420.
Preference: LONG positions above 0.842 with targets @ 0.845 & 0.848.
Alternative scenario: The downside breakout of 0.842 will open the way to 0.84 & 0.838.
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/CAD intraday: the bias remains bullish.

Pivot: 1.0285
Preference: Long positions above 1.0285 with targets @ 1.034 & 1.0355 in extension.
Alternative scenario: Below 1.0285 look for further downside with 1.027 & 1.0255 as targets.
Comment: the RSI is bullish and calls for 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.

GBP/USD intraday: caution.

Pivot: 1.6050.
Preference: LONG positions above 1.605 with targets @ 1.61 & 1.6125.
Alternative scenario: The downside breakout of 1.605 will open the way to 1.603 & 1.6.
Comment: the pair is facing a pull back on its support, caution.

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: capped by a negative trend line.

Pivot: 97.15.
Preference: SHORT positions below 97.15 with 96.5 & 95.9 as next targets.
Alternative scenario: The upside penetration of 97.15 will call for 97.5 & 97.85.
Comment: the pair is rebounding and is challenging a declining 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.

EUR/USD intraday: under pressure.

Pivot: 1.3590.
Preference: SHORT positions below 1.359 with 1.3535 & 1.3505 in sight.
Alternative scenario: The upside penetration of 1.359 will call for a rebound towards 1.3615 & 1.3645.
Comment: the pair stands below its strong resistance and remains under pressure as the RSI is capped by a declining 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.