Trading Central--NOON MARKET UPDATE

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EUR/USD Intraday: bullish bias above 1.0545.

Pivot:

1.0545

Our preference:

Long positions above 1.0545 with targets at 1.0600 & 1.0620 in extension.

Alternative scenario:

Below 1.0545 look for further downside with 1.0520 & 1.0495 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Trading Central--NOON MARKET UPDATE



GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2210

Our preference:

Long positions above 1.2210 with targets at 1.2270 & 1.2300 in extension.

Alternative scenario:

Below 1.2210 look for further downside with 1.2185 & 1.2161 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Trading Central--NOON MARKET UPDATE



USD/JPY Intraday: key resistance at 148.80.

Pivot:

148.80

Our preference:

Short positions below 148.80 with targets at 148.15 & 147.90 in extension.

Alternative scenario:

Above 148.80 look for further upside with 149.05 & 149.25 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 148.80.

Trading Central--NOON MARKET UPDATE



Crude Oil (WTI)‎ (V3)‎ Intraday: intraday support around 85.15.

Pivot:

85.15

Our preference:

Long positions above 85.15 with targets at 87.25 & 88.20 in extension.

Alternative scenario:

Below 85.15 look for further downside with 84.20 & 83.25 as targets.

Comment:

A support base at 85.15 has formed and has allowed for a temporary stabilisation.

Trading Central--NOON MARKET UPDATE



Gold Intraday: futher adance.

Pivot:

1854.00

Our preference:

Long positions above 1854.00 with targets at 1867.00 & 1875.00 in extension.

Alternative scenario:

Below 1854.00 look for further downside with 1843.00 & 1834.00 as targets.

Comment:

The RSI shows upside momentum.

Trading Central--NOON MARKET UPDATE



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