GBP/USD
Pivot: 1.2105
Our suggestion :
long positions above 1.2105 with targets at 1.2195 & 1.2230 in extension.
Alternate setup:
below 1.2105 look for further downside with 1.2080 & 1.2060 as targets.
Remarks :
the RSI shows upside momentum.
USD/JPY
Pivot: 132.55
Our suggestion :
short positions below 132.55 with targets at 131.40 & 130.95 in extension.
Alternate setup:
above 132.55 look for further upside with 132.90 & 133.30 as targets.
Remarks :
the RSI shows downside momentum.
EUR/USD
Pivot: 1.0700
Our suggestion :
long positions above 1.0700 with targets at 1.0750 & 1.0770 in extension.
Alternate setup:
below 1.0700 look for further downside with 1.0675 & 1.0655 as targets.
Remarks :
the RSI advocates for further upside.
AUD/USD
Pivot: 0.6935
Our suggestion :
long positions above 0.6935 with targets at 0.6990 & 0.7010 in extension.
Alternate setup:
below 0.6935 look for further downside with 0.6910 & 0.6890 as targets.
Remarks :
the RSI shows upside momentum.
XAU/USD
Pivot: 1863.00
Our suggestion :
short positions below 1863.00 with targets at 1850.00 & 1846.00 in extension.
Alternate setup:
above 1863.00 look for further upside with 1871.00 & 1878.00 as targets.
Remarks :
as long as 1863.00 is resistance, look for choppy price action with a bearish bias.
NZD/USD
Our pivot point stands at 0.6371.
Our suggestion :
the downside prevails as long as 0.6371 is resistance.
Alternate setup:
above 0.6371, look for 0.6404 and 0.6424.
Remarks :
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6350 and 0.6344).
GBP/JPY
Our pivot point is at 160.94.
Our suggestion :
the downside prevails as long as 160.94 is resistance.
Alternate setup:
above 160.94, look for 161.82 and 162.35.
Remarks :
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 160.49 and 160.29).
CAD/JPY
Our pivot point is at 98.71.
Our suggestion :
the upside prevails as long as 98.71 is support.
Alternate setup:
the downside breakout of 98.71 would call for 98.10 and 97.74.
Remarks :
the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98.80 and 98.33).
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