GBP/USD
Pivot: 1.2095
Our suggestion :
short positions below 1.2095 with targets at 1.2030 & 1.2015 in extension.
Alternate setup:
above 1.2095 look for further upside with 1.2130 & 1.2150 as targets.
Remarks :
as long as the resistance at 1.2095 is not surpassed, the risk of the break below 1.2030 remains high.
USD/JPY
Pivot: 134.45
Our suggestion :
long positions above 134.45 with targets at 135.00 & 135.20 in extension.
Alternate setup:
below 134.45 look for further downside with 134.20 & 133.90 as targets.
Remarks :
a support base at 134.45 has formed and has allowed for a temporary stabilisation.
EUR/USD
Pivot: 1.0640
Our suggestion :
short positions below 1.0640 with targets at 1.0595 & 1.0575 in extension.
Alternate setup:
above 1.0640 look for further upside with 1.0655 & 1.0680 as targets.
Remarks :
the RSI lacks upward momentum.
AUD/USD
Pivot: 0.6845
Our suggestion :
short positions below 0.6845 with targets at 0.6790 & 0.6765 in extension.
Alternate setup:
above 0.6845 look for further upside with 0.6865 & 0.6890 as targets.
Remarks :
the upward potential is likely to be limited by the resistance at 0.6845.
XAU/USD
Pivot: 1835.00
Our suggestion :
short positions below 1835.00 with targets at 1823.00 & 1818.00 in extension.
Alternate setup:
above 1835.00 look for further upside with 1941.00 & 1947.00 as targets.
Remarks :
a break below 1823.00 would trigger a drop towards 1818.00.
NZD/USD
Our pivot point is at 0.6240.
Our suggestion :
the downside prevails as long as 0.6240 is resistance.
Alternate setup:
above 0.6240, look for 0.6267 and 0.6283.
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 0.6231 and 0.6225).
GBP/JPY
Our pivot point stands at 163.21.
Our suggestion :
the downside prevails as long as 163.21 is resistance.
Alternate setup:
the upside breakout of 163.21, would call for 164.05 and 164.55.
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 is trading under both its 20 and 50 period moving average (respectively at 162.69 and 163.04).
CAD/JPY
Our pivot point is at 99.09.
Our suggestion :
rebound towards 100.46.
Alternate setup:
below 99.09, expect 98.59 and 98.28.
Remarks :
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 99.55 and 99.71).
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Master the Markets by Tom Williams
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