GBP/USD intraday: under pressure.
Pivot: 1.6300.
Our Preference: SHORT positions @ 1.629 with 1.6165 & 1.613 as next targets.
Alternative scenario: The upside penetration of 1.63 will call for a rebound towards 1.6385 & 1.642.
Comment: the RSI is capped by a declining trend line.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.642*** Intraday resistance1.6385** Intraday resistance1.63*** Intraday pivot point1.6201 Last1.6165* Intraday support1.613*** Intraday support1.61** Intraday support
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1.6300.
Our Preference: SHORT positions @ 1.629 with 1.6165 & 1.613 as next targets.
Alternative scenario: The upside penetration of 1.63 will call for a rebound towards 1.6385 & 1.642.
Comment: the RSI is capped by a declining trend line.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.642*** Intraday resistance1.6385** Intraday resistance1.63*** Intraday pivot point1.6201 Last1.6165* Intraday support1.613*** Intraday support1.61** Intraday support
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1498.00
Our Preference: LONG positions above 1498 with targets @ 1519 & 1527.
Alternative scenario: The downside penetration of 1498 will call for a slide towards 1492 & 1487.
Comment: the RSI is supported by a rising trend line.
Trend: ST Range; MT Ltd upside
Key levels Comment
1540* Intraday resistance1527*** Intraday resistance1519** Intraday resistance1509 Last1498** Intraday pivot point1492*** Intraday support1487*** Intraday support
Our Preference: LONG positions above 1498 with targets @ 1519 & 1527.
Alternative scenario: The downside penetration of 1498 will call for a slide towards 1492 & 1487.
Comment: the RSI is supported by a rising trend line.
Trend: ST Range; MT Ltd upside
Key levels Comment
1540* Intraday resistance1527*** Intraday resistance1519** Intraday resistance1509 Last1498** Intraday pivot point1492*** Intraday support1487*** Intraday support
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