Gold spot Intraday: bullish bias above 1185.

Pivot: 1185
Our preference: Long positions above 1185 with targets @ 1221 & 1236 in extension.
Alternative scenario: Below 1185 look for further downside with 1169 & 1158.5 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
R3…1255
R2…1236
R1…1221
1200.16 Last
S1…1185
S2…1169
S3…1158.5

Silver spot Intraday: the upside prevails.

Pivot: 16
Our preference: Long positions above 16 with targets @ 17 & 17.2 in extension.
Alternative scenario: Below 16 look for further downside with 15.48 & 15.1 as targets.
Comment: The RSI is around its neutrality area at 50%
Supports and resistances:
R3…17.5
R2…17.2
R1…17
16.356 Last
S1…16
S2…15.48
S3…15.1

EUR/USD Intraday: the downside prevails.

Pivot: 1.2425
Our preference: Short positions below 1.2425 with targets @ 1.236 & 1.233 in extension.
Alternative scenario: Above 1.2425 look for further upside with 1.246 & 1.25 as targets.
Comment: A break below 1.236 would trigger a drop towards 1.233. The pair stands below its resistance and remains under pressure.
Supports and resistances:
R3…1.25
R2…1.246
R1…1.2425
1.2388 Last
S1…1.236
S2…1.233
S3…1.229

GBP/USD Intraday: the downside prevails.

Pivot: 1.569
Our preference: Short positions below 1.569 with targets @ 1.56 & 1.558 in extension.
Alternative scenario: Above 1.569 look for further upside with 1.5715 & 1.5745 as targets.
Comment: As long as 1.569 is resistance, likely decline to 1.56. The pair has broken below its support.
Supports and resistances:
R3…1.5745
R2…1.5715
R1…1.569
1.5647 Last
S1…1.56
S2…1.558
S3…1.555

USD/JPY Intraday: the upside prevails.

Pivot: 118.8
Our preference: Long positions above 118.8 with targets @ 119.7 & 120.15 in extension.
Alternative scenario: Below 118.8 look for further downside with 118.5 & 118.1 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair remains on the upside.
Supports and resistances:
R3…120.6
R2…120.15
R1…119.7
119.18 Last
S1…118.8
S2…118.5
S3…118.1
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