Trading Central--NOON MARKET UPDATE

EUR/USD Intraday: key resistance at 1.0565.

Pivot:

1.0565

Our preference:

Short positions below 1.0565 with targets at 1.0510 & 1.0490 in extension.

Alternative scenario:

Above 1.0565 look for further upside with 1.0590 & 1.0615 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.0565.

GBP/USD Intraday: key resistance at 1.2230.

Pivot:

1.2230

Our preference:

Short positions below 1.2230 with targets at 1.2155 & 1.2120 in extension.

Alternative scenario:

Above 1.2230 look for further upside with 1.2265 & 1.2300 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.2230.

USD/JPY Intraday: the upside prevails.

Pivot:

149.30

Our preference:

Long positions above 149.30 with targets at 150.00 & 150.30 in extension.

Alternative scenario:

Below 149.30 look for further downside with 149.00 & 148.65 as targets.

Comment:

The break above 149.30 is a positive signal that has opened a path to 150.00.

Crude Oil (WTI)‎ (V3)‎ Intraday: watch 82.30.

Pivot:

84.10

Our preference:

Short positions below 84.10 with targets at 82.80 & 82.30 in extension.

Alternative scenario:

Above 84.10 look for further upside with 84.60 & 85.20 as targets.

Comment:

As long as 84.10 is resistance, look for choppy price action with a bearish bias.

Gold Intraday:key resistacne at 1878.00.

Pivot:

1878.00

Our preference:

Short positions below 1878.00 with targets at 1866.00 & 1861.00 in extension.

Alternative scenario:

Above 1878.00 look for further upside with 1884.00 & 1890.00 as targets.

Comment:

As long as 1878.00 is resistance, look for choppy price action with a bearish bias.