Gold spot Intraday: under pressure.

Pivot: 1204
Our preference: Short positions below 1204 with targets @ 1180 & 1160 in extension.
Alternative scenario: Above 1204 look for further upside with 1215 & 1225 as targets.
Comment: The RSI is below its neutrality area at 50% The metal has broken below the lower boundary of a bearish channel and remains on the downside.
Supports and resistances:
R3…1225
R2…1215
R1…1204
1188.01 Last
S1…1180
S2…1160
S3…1140

Silver spot Intraday: capped by a negative trend line.

Pivot: 17.15
Our preference: Short positions below 17.15 with targets @ 16.5 & 16.2 in extension.
Alternative scenario: Above 17.15 look for further upside with 17.4 & 17.7 as targets.
Comment: The RSI lacks upward momentum.
Supports and resistances:
R3…17.7
R2…17.4
R1…17.15
16.785 Last
S1…16.5
S2…16.2
S3…16

GBP/USD Intraday: the downside prevails.

Pivot: 1.606
Our preference: Short positions below 1.606 with targets @ 1.594 & 1.587 in extension.
Alternative scenario: Above 1.606 look for further upside with 1.611 & 1.618 as targets.
Comment: The pair stands below its resistance and remains under pressure.
Supports and resistances:
R3…1.618
R2…1.611
R1…1.606
1.5983 Last
S1…1.594
S2…1.587
S3…1.583

EUR/USD Intraday: under pressure.

Pivot: 1.2585
Our preference: Short positions below 1.2585 with targets @ 1.2465 & 1.2425 in extension.
Alternative scenario: Above 1.2585 look for further upside with 1.261 & 1.264 as targets.
Comment: The pair stands below its resistance and remains under pressure.
Supports and resistances:
R3…1.264
R2…1.261
R1…1.2585
1.2519 Last
S1…1.2465
S2…1.2425
S3…1.238

USD/JPY Intraday: the bias remains bullish.

Pivot: 109.2
Our preference: Long positions above 109.2 with targets @ 110 & 110.4 in extension.
Alternative scenario: Below 109.2 look for further downside with 108.6 & 108.3 as targets.
Comment: The pair stands above its support and remains on the upside.
Supports and resistances:
R3…110.8
R2…110.4
R1…110
109.605 Last
S1…109.2
S2…108.6
S3…108.3
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