Empire Trade

Silver spot Intraday: under pressure.

Pivot: 20.18
Our preference: Short positions below 20.18 with targets @ 19.6 & 19.3 in extension.
Alternative scenario: Above 20.18 look for further upside with 20.4 & 20.6 as targets.
Comment: as long as 20.18 is resistance, look for choppy price action with a bearish bias.
Check For Technical Updats : http://fxesolutions.blogspot.in/

USD/JPY Intraday: rebound.

Pivot: 103.9
Our preference: Long positions above 103.9 with targets @ 104.75 & 104.9 in extension.
Alternative scenario: Below 103.9 look for further downside with 103.5 & 103.2 as targets.
Comment: The pair is rebounding and is breaking above its resistance.

Check For Technical Updats : http://fxesolutions.blogspot.in/

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.6425
Our preference: Long positions above 1.6425 with targets @ 1.6515 & 1.6545 in extension.
Alternative scenario: Below 1.6425 look for further downside with 1.6395 & 1.6345 as targets.
Comment: the RSI lacks downward momentum.

Check For Technical Updats : http://fxesolutions.blogspot.in/

Gold spot Intraday: key resistance at 1246.

Pivot: 1246
Our preference: Short positions below 1246 with targets @ 1227 & 1218 in extension.
Alternative scenario: Above 1246 look for further upside with 1255 & 1267 as targets.
Comment: the RSI is capped by a bearish trend line.
Check For Technical Updats : http://fxesolutions.blogspot.in/