Pivot (invalidation): 0.6980 Our preference Short positions below 0.6980 with targets at 0.6940 & 0.6920 in extension. Alternative scenario Above 0.6980 look for further upside with 0.6995 & 0.7010 as targets...

Pivot (invalidation): 1.3080 Our preference Long positions above 1.3080 with targets at 1.3115 & 1.3135 in extension. Alternative scenario Below 1.3080 look for further downside with 1.3065 & 1.3045 as targets...

Pivot (invalidation): 0.9920 Our preference Long positions above 0.9920 with targets at 0.9960 & 0.9980 in extension. Alternative scenario Below 0.9920 look for further downside with 0.9895 & 0.9880 as targets...

Pivot (invalidation): 108.60 Our preference Long positions above 108.60 with targets at 109.00 & 109.15 in extension. Alternative scenario Below 108.60 look for further downside with 108.40 & 108.25 as targets...

Pivot (invalidation): 1.2530 Our preference Short positions below 1.2530 with targets at 1.2500 & 1.2480 in extension. Alternative scenario Above 1.2530 look for further upside with 1.2540 & 1.2560 as targets...

Pivot (invalidation): 1.1225 Our preference Short positions below 1.1225 with targets at 1.1205 & 1.1190 in extension. Alternative scenario Above 1.1225 look for further upside with 1.1235 & 1.1255 as targets...

GBPUSD decline envisaged towards 1.2522 level as we expect more weakness to occur in the days ahead. Support comes in at 1.2500 with a turn below that level shifting focus to the 1.2450 level. Further down, support resides at the 1.2400 level where a break will turn attention to the 1.2350 level...

Pivot (invalidation): 56.95 Our preference Long positions above 56.95 with targets at 58.10 & 58.85 in extension. Alternative scenario Below 56.95 look for further downside with 56.45 & 56.05 as targets...

Pivot (invalidation): 14.9200 Our preference Long positions above 14.9200 with targets at 15.1000 & 15.1800 in extension. Alternative scenario Below 14.9200 look for further downside with 14.8400 & 14.7600 as targets...

Pivot (invalidation): 1392.00 Our preference Long positions above 1392.00 with targets at 1402.00 & 1411.00 in extension. Alternative scenario Below 1392.00 look for further downside with 1386.50 & 1381.00 as targets...

Pivot (invalidation): 2972.00 Our preference Long positions above 2972.00 with targets at 3001.00 & 3017.00 in extension. Alternative scenario Below 2972.00 look for further downside with 2958.00 & 2944.00 as targets...

Pivot (invalidation): 12600.00 Our preference Short positions below 12600.00 with targets at 12487.00 & 12399.00 in extension. Alternative scenario Above 12600.00 look for further upside with 12650.00 & 12690.00 as targets...

Pivot (invalidation): 5.6990 Our preference Long positions above 5.6990 with targets at 5.7900 & 5.8330 in extension. Alternative scenario Below 5.6990 look for further downside with 5.6640 & 5.6380 as targets...

Pivot (invalidation): 0.6995 Our preference Short positions below 0.6995 with targets at 0.6970 & 0.6955 in extension. Alternative scenario Above 0.6995 look for further upside with 0.7010 & 0.7025 as targets...

Pivot (invalidation): 1.3060 Our preference Long positions above 1.3060 with targets at 1.3090 & 1.3105 in extension. Alternative scenario Below 1.3060 look for further downside with 1.3045 & 1.3030 as targets...

Pivot (invalidation): 0.9885 Our preference Long positions above 0.9885 with targets at 0.9930 & 0.9950 in extension. Alternative scenario Below 0.9885 look for further downside with 0.9860 & 0.9840 as targets...

Pivot (invalidation): 108.20 Our preference Long positions above 108.20 with targets at 108.65 & 108.80 in extension. Alternative scenario Below 108.20 look for further downside with 108.05 & 107.90 as targets...

Pivot (invalidation): 1.2540 Our preference Short positions below 1.2540 with targets at 1.2505 & 1.2480 in extension. Alternative scenario Above 1.2540 look for further upside with 1.2560 & 1.2590 as targets...

Pivot (invalidation): 1.1240 Our preference Short positions below 1.1240 with targets at 1.1205 & 1.1180 in extension. Alternative scenario Above 1.1240 look for further upside with 1.1255 & 1.1270 as targets...

GOLD nearer term price weakness remains valid as it looks for more weakness. On the downside, support comes in at the 1,390.00 level where a break will turn attention to the 1,380.00 level. Further down, a cut through here will open the door for a move lower towards the 1,370.00 level...