EUR/USD intraday: intraday support around 1.377

Pivot: 1.3770.
Preference: LONG positions above 1.377 with 1.383 & 1.386 in sight.
Alternative scenario: The downside penetration of 1.377 will call for 1.3735 & 1.37.
Comment: the pair is facing a pull back and is challenging its support.

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: the bias remains bullish.

Pivot: 97.40.
Preference: LONG positions above 97.4 with 97.8 & 98 in sight.
Alternative scenario: The downside penetration of 97.4 will call for 97.15 & 96.9.
Comment: the pair is pulling 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.

GBP/USD intraday: the downside prevails.

Pivot: 1.6170.
Preference: SHORT positions below 1.617 with targets @ 1.6055 & 1.6.
Alternative scenario: The upside penetration of 1.617 will call for 1.621 & 1.626.
Comment: the pair has broken below a rising trend line and remains on the downside.

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: intraday support around 1.0425.

Pivot: 1.0425
Preference: Long positions above 1.0425 with targets @ 1.0465 & 1.049 in extension.
Alternative scenario: Below 1.0425 look for further downside with 1.039 & 1.036 as targets.
Comment: a support base at 1.0425 has formed and has allowed for a temporary stabilisation.

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 upside prevails.

Pivot: 0.8515.
Preference: LONG positions above 0.8515 with 0.858 & 0.8605 in sight.
Alternative scenario: The downside penetration of 0.8515 will call for 0.85 & 0.848.
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.

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1341.00
Preference: LONG positions above 1341 with 1362 & 1374 as next targets.
Alternative scenario: The downside penetration of 1341 will call for a slide towards 1328 & 1309.
Comment: the RSI has just landed on 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: under pressure.

Pivot: 22.85
Preference: SHORT positions below 22.85 with 22.25 & 21.95 in sight.
Alternative scenario: The upside penetration of 22.85 will call for 23.4 & 24.1.
Comment: as long as 22.85 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.