EUR/USD intraday: the upside prevails.

Pivot: 1.3735.
Preference: LONG positions above 1.3735 with 1.383 & 1.389 as next targets.
Alternative scenario: The downside penetration of 1.3735 will call for 1.37 & 1.3645.
Comment: the pair remains on the upside and is challenging its resistance, the RSI is well directed.

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: 97.50.
Preference: SHORT positions below 97.5 with 96.8 & 96.55 as next targets.
Alternative scenario: The upside penetration of 97.5 will call for a rebound towards 97.8 & 98.2.
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: rebound.

Pivot: 1.6155.
Preference: LONG positions above 1.6155 with 1.626 & 1.629 as next targets.
Alternative scenario: The downside breakout of 1.6155 will open the way to 1.611 & 1.608.
Comment: the pair has broken above its resistance and is approaching its previous high.

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 1.036.

Pivot: 1.036
Preference: Long positions above 1.036 with targets @ 1.0465 & 1.0488 in extension.
Alternative scenario: Below 1.036 look for further downside with 1.031 & 1.028 as targets.
Comment: the RSI lacks downward momentum

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: intraday support around 0.85

Pivot: 0.8500.
Our 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 is rebounding on its support as the RSI is turning up.

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: 1328.00
Our preference: LONG positions above 1328 with 1352 & 1374 as next targets.
Alternative scenario: The downside penetration of 1328 will call for 1309 & 1287.
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 upside.

Pivot: 22.25
Preference: LONG positions above 22.25 with targets @ 22.85 & 23.4.
Alternative scenario: The downside penetration of 22.25 will call for 21.95 & 21.65.
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.