TC FX Analysis

Date:2019/7/23 GBP/USD Intraday: under pressure.

EUR/USD Intraday: watch 1.1180.

Pivot: 1.1225

Our preference: short positions below 1.1225 with targets at 1.1200 & 1.1180 in extension.

Alternative scenario: above 1.1225 look for further upside with 1.1240 & 1.1255 as targets.

Comment: a break below 1.1200 would trigger a drop towards 1.1180.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

GBP/USD Intraday: under pressure.

Pivot: 1.2500

Our preference: short positions below 1.2500 with targets at 1.2455 & 1.2435 in extension.

Alternative scenario: above 1.2500 look for further upside with 1.2520 & 1.2540 as targets.

Comment: as long as the resistance at 1.2500 is not surpassed, the risk of the break below 1.2455 remains high.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

AUD/USD Intraday: the downside prevails.

Pivot: 0.7045

Our preference: short positions below 0.7045 with targets at 0.7025 & 0.7015 in extension.

Alternative scenario: above 0.7045 look for further upside with 0.7055 & 0.7065 as targets.

Comment: the RSI lacks upward momentum.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

USD/JPY Intraday: rebound expected.

Pivot: 107.80

Our preference: long positions above 107.80 with targets at 108.00 & 108.10 in extension.

Alternative scenario: below 107.80 look for further downside with 107.65 & 107.50 as targets.

Comment: the RSI calls for a rebound.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

Gold spot Intraday: 1415.00 expected.

Pivot: 1430.00

Our preference: short positions below 1430.00 with targets at 1420.00 & 1415.00 in extension.

Alternative scenario: above 1430.00 look for further upside with 1435.00 & 1441.00 as targets.

Comment: the RSI is mixed with a bearish bias.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

Any information contained in this report should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to place a trade, or as the basis for any financial or investment decision.

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