EUR/USD intraday: intraday support around 1.3515

Pivot: 1.3515.
Preference: LONG positions above 1.3515 with targets @ 1.357 & 1.36.
Alternative scenario: The downside breakout of 1.3515 will open the way to 1.348 & 1.346.
Comment: the pair is trading in the middle of a consolidation area. The 1.3515 intermediary support maintains a slight 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.

USD/JPY intraday: ST consolidation in place.

Pivot: 98.70.
Preference: SHORT positions below 98.7 with targets @ 98.1 & 97.9.
Alternative scenario: The upside penetration of 98.7 will call for a rebound towards 99 & 99.4.
Comment: the break below 98.7 is a negative signal that has opened a path to 98.1.

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 1.594

Pivot: 1.5940.
Preference: LONG positions above 1.594 with 1.601 & 1.6045 in sight.
Alternative scenario: The downside penetration of 1.594 will call for 1.59 & 1.588.
Comment: the pair is trading in the middle of a Broadening Pattern. The 1.594 intermediary support maintains a slight 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.

USD/CAD intraday: the downside prevails.

Pivot: 1.035
Preference: Short positions below 1.035 with targets @ 1.029 & 1.027 in extension.
Alternative scenario: Above 1.035 look for further upside with 1.039 & 1.041 as targets.
Comment: the RSI is bearish and calls for further downside.



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.
Our preference: LONG positions above 0.846 with 0.8495 & 0.851 as next targets.
Alternative scenario: The downside penetration of 0.846 will call for 0.8435 & 0.842.
Comment: the RSI broke above 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: up turn.

Pivot: 1266.00
Our preference: LONG positions above 1266 with 1288 & 1295 as next targets.
Alternative scenario: The downside breakout of 1266 will open the way to 1251 & 1240.
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.

SILVER (Spot) intraday: up turn.

Pivot: 20.95
Preference: LONG positions above 20.95 with 21.55 & 21.75 as next targets.
Alternative scenario: The downside penetration of 20.95 will call for a slide towards 20.48 & 20.
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.