GBP/USD                    7/8/2013

1 week Trend:   (=)  1 month Trend:  (=)
GBP/USD intraday: under pressure.
Pivot: 1.5305

Our preference: Short positions below 1.5305 with targets @ 1.5175 & 1.5135 in extension.

Alternative scenario: Above 1.5305 look for further upside with 1.534 & 1.539 as targets.

Comment: the pair has broken below its support and remains on the downside.

Key levels
1.539
1.534
1.5305
1.5233 last
1.5175
1.5135
1.51

EUR/USD                    7/8/2013
 

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: turning down.
Pivot: 1.3315

Our preference: Short positions below 1.3315 with targets @ 1.323 & 1.3195 in extension.

Alternative scenario: Above 1.3315 look for further upside with 1.3345 & 1.338 as targets.

Comment: the pair is breaking below its support and below a rising trend line.

Key levels
1.338
1.3345
1.3315
1.3268 last
1.323
1.3195
1.3165

EUR/GBP                    7/8/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/GBP intraday: the upside prevails.
Pivot: 0.863

Our preference: Long positions above 0.863 with targets @ 0.8695 & 0.871 in extension.

Alternative scenario: Below 0.863 look for further downside with 0.86 & 0.8575 as targets.

Comment: the pair is rebounding and should post further advance.

Key levels
0.8745
0.871
0.8695
0.8674 last
0.863
0.86
0.8575

Gold                            7/8/2013

1 week Trend:   (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: the downside prevails.
Pivot: 1291.00

Our preference: SHORT positions below 1291 with targets @ 1266 & 1244.

Alternative scenario: The upside penetration of 1291 will call for a rebound towards 1307 & 1320.

Comment: gold prices stand within a bearish channel.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1320** Intraday resistance
1307** Intraday resistance
1291*** Intraday pivot point
1274.69 Last
1266** Intraday support
1244** Intraday support
1230** Intraday support

Technical Analysis – Time MetaTrader4