EUR/USD intraday: intraday support around 1.348

Pivot: 1.3480.
Our preference: LONG positions above 1.348 with targets @ 1.3545 & 1.357.
Alternative scenario: The downside penetration of 1.348 will call for 1.3435 & 1.337.
Comment: intraday technical indicators lack momentum and the upside potential is likely to 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.

USD/JPY intraday: break of a ST rising trendline support.

Pivot: 98.70.
Preference: SHORT positions below 98.7 with 97.85 & 97.6 as next targets.
Alternative scenario: The upside penetration of 98.7 will call for 99.1 & 99.65.
Comment: 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.

GBP/USD intraday: ST consolidation in place.

Pivot: 1.6015.
Preference: SHORT positions below 1.6015 with 1.591 & 1.588 in sight.
Alternative scenario: The upside penetration of 1.6015 will call for a rebound towards 1.6045 & 1.607.
Comment: the pair is trading in a 1.6015-1.591 trading range area.

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 upside prevails.

Pivot: 1.033
Preference: Long positions above 1.033 with targets @ 1.04 & 1.042 in extension.
Alternative scenario: Below 1.033 look for further downside with 1.029 & 1.027 as targets.
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: ST consolidation in place.

Pivot: 0.8475.
Preference: SHORT positions below 0.8475 with 0.842 & 0.84 as next targets.
Alternative scenario: The upside penetration of 0.8475 will call for a rebound towards 0.8495 & 0.8515.
Comment: 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.

GOLD (Spot) intraday: rebound.

Pivot: 1266.00
Preference: LONG positions above 1266 with targets @ 1295 & 1312.
Alternative scenario: The downside penetration of 1266 will call for 1251 & 1240.
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.

SILVER (Spot) intraday: the bias remains bullish.

Pivot: 20.95
Preference: LONG positions above 20.95 with targets @ 21.5 & 21.75.
Alternative scenario: The downside breakout of 20.95 will open the way to 20.48 & 20.
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.