Trading Central--NOON MARKET UPDATE
GBP/USD Intraday:the upside prevails.
Pivot:
1.2670
Our preference:
Long positions above 1.2670 with targets at 1.2725 & 1.2750 in extension.
Alternative scenario:
Below 1.2670 look for further downside with 1.2650 & 1.2635 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: bullish bias above 147.85.
Pivot:
147.85
Our preference:
Long positions above 147.85 with targets at 148.70 & 149.00 in extension.
Alternative scenario:
Below 147.85 look for further downside with 147.55 & 147.25 as targets.
Comment:
A support base at 147.85 has formed and has allowed for a temporary stabilisation.
EUR/USD Intraday: continuation of the rebound.
Pivot:
1.0860
Our preference:
Long positions above 1.0860 with targets at 1.0905 & 1.0920 in extension.
Alternative scenario:
Below 1.0860 look for further downside with 1.0845 & 1.0830 as targets.
Comment:
The RSI calls for a rebound.
Crude Oil (WTI) (G4) Intraday: intraday suport around 73.30.
Pivot:
73.30
Our preference:
Long positions above 73.30 with targets at 74.70 & 75.25 in extension.
Alternative scenario:
Below 73.30 look for further downside with 72.50 & 72.00 as targets.
Comment:
The next resistances are at 74.70 and then at 75.25.
Gold Intraday:2037.00 expected.
Pivot:
2013.00
Our preference:
Long positions above 2013.00 with targets at 2030.00 & 2037.00 in extension.
Alternative scenario:
Below 2013.00 look for further downside with 2007.00 & 2001.00 as targets.
Comment:
The RSI calls for a rebound.
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