EUR/USD intraday: further advance.

Pivot: 1.3485.
Preference: LONG positions @ 1.3495 with 1.354 & 1.3565 in sight.
Alternative scenario: The downside breakout of 1.3485 will open the way to 1.346 & 1.343.
Comment: the pair is facing a pull back on its bullish channel lower boundary 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/JPY intraday: under pressure.

Pivot: 100.15.
Preference: SHORT positions below 100.15 with 99.5 & 99.3 in sight.
Alternative scenario: The upside penetration of 100.15 will call for 100.55 & 100.85.
Comment: the pair has broken below its support and is posting a pull back.

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 bias remains bullish.

Pivot: 1.6080.
Preference: LONG positions @ 1.609 with 1.6165 & 1.6205 as next targets.
Alternative scenario: The downside penetration of 1.608 will call for a slide towards 1.6045 & 1.6.
Comment: the pair is pulling back on its support 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: key ST resistance at 1.046.

Pivot: 1.046
Preference: Short positions below 1.046 with targets @ 1.0395 & 1.036 in extension.
Alternative scenario: Above 1.046 look for further upside with 1.0485 & 1.0525 as targets.
Comment: as long as the resistance at 1.046 is not surpassed, the risk of the break below 1.0395 remains 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.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8355.
Preference: LONG positions above 0.8355 with targets @ 0.8415 & 0.8445.
Alternative scenario: The downside breakout of 0.8355 will open the way to 0.8335 & 0.8315.
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.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1286.00
Preference: SHORT positions below 1286 with 1267 & 1261 in sight.
Alternative scenario: The upside breakout of 1286 will open the way to 1294 & 1303.
Comment: a break below 1267 would trigger a drop towards 1261

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: 20.70
Preference: SHORT positions below 20.7 with 20.1 & 19.9 in sight.
Alternative scenario: The upside breakout of 20.7 will open the way to 21 & 21.3.
Comment: a break below 20.1 would trigger a drop towards 19.9.

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.