XAU Trading Outlook (21-02-2014)

EUR/JPY 20/02/2014 22:44 Print Send this report to a friend
1 week Trend: (=) 1 month Trend: (=)
EUR/JPY Intraday: continuation of the rebound.
Pivot: 139.5

Our preference: Long positions above 139.5 with targets @ 140.6 & 141.05 in extension.

Alternative scenario: Below 139.5 look for further downside with 139 & 138.6 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Supports and resistances:
141.75
141.05
140.6
140.38 Last
139.5
139
138.6

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