Gold spot Intraday: under pressure.

Pivot: 1240
Our preference: Short positions below 1240 with targets @ 1221.5 & 1208 in extension.
Alternative scenario: Above 1240 look for further upside with 1246 & 1255 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
R3…1255
R2…1246
R1…1240
1228.31 Last
S1…1221.5
S2…1208
S3…1200

Silver spot Intraday: under pressure.

Pivot: 17.36
Our preference: Short positions below 17.36 with targets @ 17 & 16.8 in extension.
Alternative scenario: Above 17.36 look for further upside with 17.5 & 17.66 as targets.
Comment: As long as the resistance at 17.36 is not surpassed, the risk of the break below 17 remains high.
Supports and resistances:
R3…17.66
R2…17.5
R1…17.36
17.2 Last
S1…17
S2…16.8
S3…16.5

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.609
Our preference: Long positions above 1.609 with targets @ 1.6185 & 1.622 in extension.
Alternative scenario: Below 1.609 look for further downside with 1.6045 & 1.6015 as targets.
Comment: Technically the RSI is above its neutrality area at 50. The pair stands above its support and remains on the upside.
Supports and resistances:
R3…1.627
R2…1.622
R1…1.6185
1.6127 Last
S1…1.609
S2…1.6045
S3…1.6015

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.266
Our preference: Long positions above 1.266 with targets @ 1.2745 & 1.2785 in extension.
Alternative scenario: Below 1.266 look for further downside with 1.2635 & 1.261 as targets.
Comment: Technically the RSI is above its neutrality area at 50.
Supports and resistances:
R3…1.2815
R2…1.2785
R1…1.2745
1.2711 Last
S1…1.266
S2…1.2635
S3…1.261

USD/JPY Intraday: key resistance at 108.1.

Pivot: 108.1
Our preference: Short positions below 108.1 with targets @ 107.6 & 107.35 in extension.
Alternative scenario: Above 108.1 look for further upside with 108.35 & 108.55 as targets.
Comment: As long as 108.1 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
R3…108.55
R2…108.35
R1…108.1
107.81 Last
S1…107.6
S2…107.35
S3…107.05
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