Sample Category Title

USD/JPY The Downside Prevails

Pivot (invalidation): 111.10

Our preference Long positions above 111.10 with targets at 111.50 & 111.75 in extension.

Alternative scenario Below 111.10 look for further downside with 110.70 & 110.35 as targets.

Comment The RSI calls for a bounce.

GBP/USD Bullish Bias Above 1.2865

Pivot (invalidation): 1.2865

Our preference Long positions above 1.2865 with targets at 1.2910 & 1.2935 in extension.

Alternative scenario Below 1.2865 look for further downside with 1.2835 & 1.2815 as targets.

Comment The RSI is mixed with a bullish bias.

EUR/USD The Bias Remains Bullish

Pivot (invalidation): 1.1655

Our preference Long positions above 1.1655 with targets at 1.1720 & 1.1740 in extension.

Alternative scenario Below 1.1655 look for further downside with 1.1610 & 1.1590 as targets.

Comment The RSI is mixed with a bullish bias.

Crude Oil Further Advance

Pivot (invalidation): 68.50

Our preference Long positions above 68.50 with targets at 69.30 & 69.65 in extension.

Alternative scenario Below 68.50 look for further downside with 68.10 & 67.45 as targets.

Comment The RSI is mixed to bullish.

Silver Spot Bullish Bias Above 14.7500

Pivot (invalidation): 14.7500

Our preference Long positions above 14.7500 with targets at 14.9200 & 14.9800 in extension.

Alternative scenario Below 14.7500 look for further downside with 14.6000 & 14.5000 as targets.

Comment The RSI is mixed with a bullish bias.

Gold Spot Bullish Bias Above 1203.00

Pivot (invalidation): 1203.00

Our preference Long positions above 1203.00 with targets at 1212.50 & 1217.00 in extension.

Alternative scenario Below 1203.00 look for further downside with 1196.50 & 1192.50 as targets.

Comment The RSI is mixed with a bullish bias.

EUR/CHF 1.1460 In Sight

Pivot (invalidation): 1.1425

Our preference Long positions above 1.1425 with targets at 1.1460 & 1.1485 in extension.

Alternative scenario Below 1.1425 look for further downside with 1.1410 & 1.1390 as targets.

Comment The RSI is mixed to bullish.

EUR/GBP Further Advance

Pivot (invalidation): 0.9050

Our preference Long positions above 0.9050 with targets at 0.9080 & 0.9095 in extension.

Alternative scenario Below 0.9050 look for further downside with 0.9035 & 0.9020 as targets.

Comment The RSI advocates for further upside.

Bitcoin/Dollar Further Advance

Pivot (invalidation): 6795

Our preference Long positions above 6795 with targets at 6955 & 7065 in extension.

Alternative scenario Below 6795 look for further downside with 6700 & 6585 as targets.

Comment The RSI is mixed to bullish.

UK PM May: No-deal Brexit is not the end of the world

UK Prime Minister Theresa May cited endorsed remarks by Roberto Azevêdo, the director general of the World Trade Organization regarding no-deal Brexit. May said, a no-deal situation "will not be a walk in the park, but it wouldn't be the end of the world". May added that "what the government is doing is putting in place the preparation such that if we are in that situation, we can make a success of it, just as we can make a success of a good deal."

Chancellor of Exchequer Philip Hammond warned last week that a no-deal Brexit would costs UK GBP 80B in extra borrowing and inhibit long term growth. But May tried to talk that down and said the figures dated back to January and "they were a work in progress at that particular time." Regarding the time frame of Brexit negotiation, May said "we are all working to the October deadline" because "from our point of view there is some legislation we have to get through parliament".

Separately, German Foreign Minister Heiko Maas said "Regrettably, a hard Brexit is not off the table." French Prime Minister Edouard Philippe also "tasked ministers to prepare contingency measures that would be necessary ... to mitigate the difficulties linked with this unprecedented challenge".