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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