EUR/USD intraday: the upside prevails.

Pivot: 1.3610.
Preference: LONG positions above 1.361 with targets @ 1.371 & 1.373.
Alternative scenario: The downside penetration of 1.361 will call for 1.3575 & 1.355.
Comment: the upward momentum remains strong while the pair is challenging its key medium term resistance at 1.371.

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: 98.55.
Preference: SHORT positions below 98.55 with 97.7 & 97.1 as next targets.
Alternative scenario: The upside penetration of 98.55 will call for 99 & 99.4.
Comment: the pair is trading in a Broadening Formation, as a consequence, a break below 97.7 would trigger a drop towards 97.1.

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: further advance.

Pivot: 1.6055.
Preference: LONG positions above 1.6055 with targets @ 1.619 & 1.624.
Alternative scenario: The downside breakout of 1.6055 will open the way to 1.6025 & 1.5995.
Comment: the pair validated a Broadening Pattern calling for an upturn. The 1.612 former resistance area is now acting as a support (polarity principle).

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: key ST resistance at 1.033.

Pivot: 1.033
Preference: Short positions below 1.033 with targets @ 1.027 & 1.025 in extension.
Alternative scenario: Above 1.033 look for further upside with 1.036 & 1.039 as targets.
Comment: as long as 1.033 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.

EUR/GBP intraday: ST consolidation in place.

Pivot: 0.8495.
Preference: SHORT positions below 0.8495 with targets @ 0.8435 & 0.842.
Alternative scenario: The upside penetration of 0.8495 will call for 0.851 & 0.853.
Comment: as long as 0.8495 is resistance, likely decline to 0.8435.

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 1287

Pivot: 1287.00
Preference: LONG positions above 1287 with 1329 & 1350 in sight.
Alternative scenario: The downside penetration of 1287 will call for 1270 & 1252.
Comment: the immediate trend remains up and the momentum is strong.

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: 21.30
Preference: LONG positions above 21.3 with targets @ 22.15 & 22.45.
Alternative scenario: The downside penetration of 21.3 will call for a slide towards 21.07 & 20.48.
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.