EUR/USD intraday: the upside prevails.

Pivot: 1.3735.
Preference: LONG positions @ 1.375 with 1.3795 & 1.383 as next targets.
Alternative scenario: The downside breakout of 1.3735 will open the way to 1.37 & 1.3645.
Comment: the pair remains on the upside and is challenging 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.

USD/JPY intraday: key ST resistance at 97.55

Pivot: 97.55.
Preference: SHORT positions below 97.55 with 97.1 & 96.8 in sight.
Alternative scenario: The upside penetration of 97.55 will call for a rebound towards 97.8 & 98.2.
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.

GBP/USD intraday: caution.

Pivot: 1.6205.
Preference: SHORT positions below 1.6205 with 1.6135 & 1.611 as next targets.
Alternative scenario: The upside penetration of 1.6205 will call for 1.626 & 1.629.
Comment: the pair is rebounding and is challenging 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.

USD/CAD intraday: bullish bias above 1.0335.

Pivot: 1.0335
Preference: Long positions above 1.0335 with targets @ 1.042 & 1.047 in extension.
Alternative scenario: Below 1.0335 look for further downside with 1.031 & 1.028 as targets.
Comment: the break above 1.0335 is a positive signal that has opened a path to 1.042.

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: 0.8500.
Preference: LONG positions above 0.85 with 0.8535 & 0.8555 in sight.
Alternative scenario: The downside breakout of 0.85 will open the way to 0.848 & 0.8465.
Comment: the pair stands above its new 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.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1309.00
Preference: LONG positions above 1309 with 1350 & 1374 as next targets.
Alternative scenario: The downside penetration of 1309 will call for a slide towards 1287 & 1270.
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: the bias remains bullish.

Pivot: 21.95
Preference: LONG positions above 21.95 with 22.85 & 23.4 in sight.
Alternative scenario: The downside penetration of 21.95 will call for 21.65 & 21.07.
Comment: the RSI is bullish and calls for further 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.