Forex Daily Information

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EUR/USD intraday: bullish bias above 1.328. Pivot: 1.328 Our preference: Long positions above 1.328 with targets @ 1.342 & 1.348 in extension. Alternative scenario: Below 1.328 look for further downside with 1.3225 & 1.315 as targets. Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

GBP/USD intraday: bounce. Pivot: 1.54 Our preference: Long positions above 1.54 with targets @ 1.5525 & 1.5585 in extension. Alternative scenario: Below 1.54 look for further downside with 1.5330 & 1.5275 as targets. Comment: the RSI lacks downward momentum.

USD/JPY intraday: consolidation. Pivot: 77 Our preference: Short positions below 77 with targets @ 76.6 & 76.5 in extension. Alternative scenario: Above 77 look for further upside with 77.1 & 77.2 as targets. Comment: the RSI has struck against a major resistance around 70% and is reversing down.

EUR/JPY intraday: bullish bias above 101.8. Pivot: 101.8 Our preference: Long positions above 101.8 with targets @ 102.85 & 103.5 in extension. Alternative scenario: Below 101.8 look for further downside with 101.45 & 100.8 as targets. Comment: the RSI is supported by a bullish trend line.

GOLD (Spot) intraday: the bias remains bullish. Pivot: 1617.00 Our Preference: LONG positions above 1617 with 1680 & 1700 as next targets. Alternative scenario: The downside breakout of 1617 will open the way to 1595 & 1555. Comment: the RSI is bullish and calls for further advance.

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