Daily Technical Analysis

EUR/USD Intraday: under pressure.       Pivot: 1.1110 Most Likely Scenario: short positions below 1.1110 with targets at 1.1055 & 1.1025 in extension. Alternative scenario: above 1.1110 look for further upside with 1.1145 & 1.1180 as targets. Comment: a break below 1.1055 would trigger a drop towards 1.1025.

GBP/USD Intraday: turning down.       Pivot: 1.2500 Most Likely Scenario: short positions below 1.2500 with targets at 1.2395 & 1.2350 in extension. Alternative scenario: above 1.2500 look for further upside with 1.2560 & 1.2600 as targets. Comment: the RSI shows downside momentum.

USD/JPY Intraday: further advance.       Pivot: 103.80 Most Likely Scenario: long positions above 103.80 with targets at 104.60 & 105.10 in extension. Alternative scenario: below 103.80 look for further downside with 103.30 & 102.80 as targets. Comment: the RSI shows upside momentum.

AUD/USD Intraday: intraday support around 0.7650.       Pivot: 0.7650 Most Likely Scenario: long positions above 0.7650 with targets at 0.7690 & 0.7705 in extension. Alternative scenario: below 0.7650 look for further downside with 0.7635 & 0.7610 as targets. Comment: a support base at 0.7650 has formed and has allowed for a temporary stabilisation.

Gold spot Intraday: the bias remains bullish.       Pivot: 1285.00 Most Likely Scenario: long positions above 1285.00 with targets at 1303.50 & 1310.00 in extension. Alternative scenario: below 1285.00 look for further downside with 1279.00 & 1271.00 as targets. Comment: a support base at 1285.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI) (Z6) Intraday: key resistance at 45.00.       Pivot: 45.00 Most Likely Scenario: short positions below 45.00 with targets at 43.54 & 42.95 in extension. Alternative scenario: above 45.00 look for further upside with 45.88 & 46.43 as targets. Comment: the upward potential is likely to be limited by the resistance at 45.00.