EUR/USD intraday: further advance.

Pivot: 1.3700.
Preference: LONG positions above 1.37 with 1.3795 & 1.383 in sight.
Alternative scenario: The downside penetration of 1.37 will call for 1.3645 & 1.361.
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: under pressure.

Pivot: 97.95.
Preference: SHORT positions below 97.95 with 97.1 & 96.8 as next targets.
Alternative scenario: The upside breakout of 97.95 will open the way to 98.2 & 98.55.
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.

GBP/USD intraday: further advance.

Pivot: 1.6145.
Preference: LONG positions above 1.6145 with 1.626 & 1.629 in sight.
Alternative scenario: The downside penetration of 1.6145 will call for 1.611 & 1.608.
Comment: the pair is facing a pull back ahead of further advance.

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: under pressure.

Pivot: 1.031
Preference: Short positions below 1.031 with targets @ 1.026 & 1.023 in extension.
Alternative scenario: Above 1.031 look for further upside with 1.036 & 1.039 as targets.
Comment: as long as 1.031 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: the bias remains bullish.

Pivot: 0.8465.
Preference: LONG positions above 0.8465 with 0.85 & 0.851 in sight.
Alternative scenario: The downside penetration of 0.8465 will call for 0.8445 & 0.8425.
Comment: the pair remains on the upside and is approaching 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: 1309.00
Our preference: LONG positions above 1309 with targets @ 1350 & 1374.
Alternative scenario: The downside penetration of 1309 will call for a slide towards 1287 & 1270.
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: bullish bias above 21.95

Pivot: 21.95
Preference: LONG positions above 21.95 with targets @ 22.85 & 23.4.
Alternative scenario: The downside breakout of 21.95 will open the way to 21.65 & 21.07.
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.