EUR/USD intraday: the bias remains bullish.

Pivot: 1.3480.
Preference: LONG positions above 1.348 with targets @ 1.3565 & 1.36.
Alternative scenario: The downside penetration of 1.348 will call for a slide towards 1.3445 & 1.341.
Comment: the pair is rebouding 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: the bias remains bullish.

Pivot: 98.35.
Preference: LONG positions above 98.35 with targets @ 99 & 99.25.
Alternative scenario: The downside breakout of 98.35 will open the way to 98.05 & 97.75.
Comment: the pair stands above its support and remains supported by a rising trend line.

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: intraday support around 1.605

Pivot: 1.6050.
Preference: LONG positions above 1.605 with targets @ 1.612 & 1.6165.
Alternative scenario: The downside breakout of 1.605 will open the way to 1.601 & 1.598.
Comment: the pair stands above its new support and remains on the upside as 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/CAD intraday: rebound in sight.

Pivot: 1.0395
Preference: Long positions above 1.0395 with targets @ 1.046 & 1.0495 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.036 & 1.0335 as targets.
Comment: the RSI broke above a declining trend line.

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: key ST resistance at 0.8425

Pivot: 0.8425.
Preference: SHORT positions below 0.8425 with 0.836 & 0.833 as next targets.
Alternative scenario: The upside penetration of 0.8425 will call for a rebound towards 0.845 & 0.848.
Comment: the pair is rebounding but stands below 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 downside prevails.

Pivot: 1328.00
Preference: SHORT positions below 1328 with 1303 & 1290 in sight.
Alternative scenario: The upside penetration of 1328 will call for a rebound towards 1337 & 1348.
Comment: a break below 1303 would trigger a drop towards 1290.

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 downside prevails.

Pivot: 22.15
Preference: SHORT positions below 22.15 with 21.45 & 21.1 in sight.
Alternative scenario: The upside penetration of 22.15 will call for a rebound towards 22.4 & 22.85.
Comment: as long as 22.15 is resistance, likely decline to 21.45.

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.