EUR/USD intraday: intraday support around 1.3645

Pivot: 1.3645.
Preference: LONG positions above 1.3645 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 stands above its support and remains on the upside.

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: further advance.

Pivot: 97.80.
Preference: LONG positions above 97.8 with 98.55 & 99 in sight.
Alternative scenario: The downside penetration of 97.8 will call for 97.5 & 97.1.
Comment: the pair is rebounding and is breaking above its 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: under pressure.

Pivot: 1.6185.
Preference: SHORT positions below 1.6185 with 1.608 & 1.6045 in sight.
Alternative scenario: The upside penetration of 1.6185 will call for 1.622 & 1.626.
Comment: the pair has broken below its support 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.

USD/CAD intraday: key ST resistance at 1.033.

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: the RSI has just broken below a bullish trend line: this calls for a down move.

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: further upside.

Pivot: 0.8445.
Preference: LONG positions above 0.8445 with targets @ 0.8495 & 0.851.
Alternative scenario: The downside penetration of 0.8445 will call for a slide towards 0.8425 & 0.84.
Comment: the pair is rebounding and is breaking above its 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.

GOLD (Spot) intraday: further upside.

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: 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: further advance.

Pivot: 21.70
Preference: LONG positions above 21.7 with targets @ 22.45 & 22.85.
Alternative scenario: The downside penetration of 21.7 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.