SILVER (Spot) intraday: the downside prevails.

Pivot: 22.00
Preference: SHORT positions below 22 with 21.49 & 21.3 as next targets.
Alternative scenario: The upside penetration of 22 will call for 22.2 & 22.5.
Comment: as long as the resistance at 22 is not surpassed, the risk of the break below 21.49 remains 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.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1302.00
Preference: SHORT positions below 1302 with targets @ 1277 & 1267.
Alternative scenario: The upside penetration of 1302 will call for a rebound towards 1309 & 1316.
Comment: the price is capped by a declining trend line and the RSI lacks upward 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 0.846

Pivot: 0.8460.
Preference: LONG positions above 0.846 with targets @ 0.849 & 0.8515.
Alternative scenario: The downside penetration of 0.846 will call for a slide towards 0.8445 & 0.842.
Comment: a support base at 0.846 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.

USD/CAD intraday: the bias remains bullish.

Pivot: 1.0365
Preference: Long positions above 1.0365 with targets @ 1.042 & 1.0445 in extension.
Alternative scenario: Below 1.0365 look for further downside with 1.035 & 1.033 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and 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.

GBP/USD intraday: caution.

Pivot: 1.6000.
Preference: SHORT positions below 1.6 with 1.591 & 1.588 as next targets.
Alternative scenario: The upside penetration of 1.6 will call for 1.6045 & 1.609.
Comment: the 1.6 former support area is now acting as a strong resistance but intraday tehcnical indicators are gaining upside momentum, this calls for 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: supported by a rising trend line.

Pivot: 97.85.
Our preference: LONG positions above 97.85 with 98.7 & 99.1 as next targets.
Alternative scenario: The downside penetration of 97.85 will call for 97.55 & 97.3.
Comment: the pair is supported by a rising trend line and its ascending 50-periods moving average (in blue).

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: rebound.

Pivot: 1.3495.
Preference: LONG positions above 1.3495 with 1.3555 & 1.3585 in sight.
Alternative scenario: The downside breakout of 1.3495 will open the way to 1.348 & 1.3455.
Comment: the RSI has broken above a declining trend line, this calls for a continuation of the 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.