USD/JPY intraday: the bias remains bullish.

Pivot: 99.80.
Preference: LONG positions @ 99.95 with 100.45 & 100.85 as next targets.
Alternative scenario: The downside breakout of 99.8 will open the way to 99.55 & 99.1.
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.

GBP/USD intraday: the upside prevails.

Pivot: 1.6045.
Preference: LONG positions above 1.6045 with targets @ 1.6165 & 1.6205.
Alternative scenario: The downside breakout of 1.6045 will open the way to 1.6 & 1.5955.
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: bullish bias above 1.041.

Pivot: 1.041
Preference: Long positions above 1.041 with targets @ 1.0525 & 1.0555 in extension.
Alternative scenario: Below 1.041 look for further downside with 1.036 & 1.031 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and 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.

EUR/GBP intraday: the upside prevails.

Pivot: 0.8375.
Preference: LONG positions above 0.8375 with targets @ 0.8415 & 0.8445.
Alternative scenario: The downside breakout of 0.8375 will open the way to 0.8355 & 0.8335.
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: under pressure.

Pivot: 1286.00
Preference: SHORT positions below 1286 with targets @ 1267 & 1261.
Alternative scenario: The upside breakout of 1286 will open the way to 1294 & 1303.
Comment: as long as 1286 is resistance, likely decline to 1267.

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: as long as 20.7 is resistance, likely decline to 20.1.

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.