TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: under pressure with Pivot: 1097.5

Our preference: Short positions below 1097.5 with targets @ 1080 & 1073 in extension.

Alternative scenario: Above 1097.5 look for further upside with 1105 & 1115 as targets.

Comment: As long as 1097.5 is resistance, likely decline to 1080.
Key Levels:
1115 
1105 
1097.5 
1084.25 Last
1080 
1073 
1065 

Ø  GBP/USD the downside prevails with Pivot: 1.5645

Our preference: Short positions below 1.5645 with targets @ 1.5555 & 1.5535 in extension.

Alternative scenario: Above 1.5645 look for further upside with 1.568 & 1.572 as targets.

Comment: A break below 1.5555 would trigger a drop towards 1.5535.
Key Levels:1.572 **
1.568 ***
1.5645 ***
1.5594 Last
1.5555 ***
1.5535 ***
1.55 ***

Ø  USD/JPY the upside prevails with Pivot: 123.8

Our preference: Long positions above 123.8 with targets @ 124.35 & 124.6 in extension.

Alternative scenario: Below 123.8 look for further downside with 123.5 & 123.3 as targets.

Comment: The RSI is mixed to bullish.

Key Levels:124.9 **
124.6 ***
124.35 **
123.9840 Last
123.8 ***
123.5 ***
123.3 **

Ø  GBP/JPY  key resistance with Pivot: 193.75

Our preference: Short positions below 193.75 with targets @ 193 & 192.45 in extension.

Alternative scenario: Above 193.75 look for further upside with 194.25 & 194.6 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Key Levels:
194.6 ***
194.25 ***
193.75 ***
193.4350 Last
193 ***
192.45 ***
191.9 ***