EUR/USD intraday: further advance.

Pivot: 1.3645.
Preference: LONG positions @ 1.3655 with 1.371 & 1.373 as next targets.
Alternative scenario: The downside breakout of 1.3645 will open the way to 1.361 & 1.3575.
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: key ST resistance at 98.15

Pivot: 98.15.
Preference: SHORT positions below 98.15 with 97.5 & 97.1 in sight.
Alternative scenario: The upside breakout of 98.15 will open the way to 98.55 & 99.
Comment: the pair is rebounding but stands below its strong resistance.

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: the bias remains bullish.

Pivot: 1.6140.
Preference: LONG positions above 1.614 with 1.622 & 1.626 in sight.
Alternative scenario: The downside penetration of 1.614 will call for 1.608 & 1.6045.
Comment: the pair stands above its support and should post 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/CAD intraday: break of a ST rising trendline support.

Pivot: 1.033
Preference: Short positions below 1.033 with targets @ 1.027 & 1.023 in extension.
Alternative scenario: Above 1.033 look for further upside with 1.036 & 1.039 as targets.
Comment: a break below 1.027 would trigger a drop towards 1.023.

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: under pressure.

Pivot: 0.8475.
Preference: SHORT positions below 0.8475 with 0.844 & 0.842 as next targets.
Alternative scenario: The upside penetration of 0.8475 will call for a rebound towards 0.8495 & 0.851.
Comment: the pair stands below its resistance and remains under pressure.

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: 1287.00
Preference: LONG positions above 1287 with 1329 & 1350 as next targets.
Alternative scenario: The downside penetration of 1287 will call for 1270 & 1252.
Comment: 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.

SILVER (Spot) intraday: watch 22.45

Pivot: 21.55
Preference: LONG positions above 21.55 with 22.15 & 22.45 in sight.
Alternative scenario: The downside penetration of 21.55 will call for a slide towards 21.07 & 20.48.
Comment: the RSI calls for 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.