GBP/USD Intraday: continuation of the rebound.

Pivot:

1.2160

Our preference:

Long positions above 1.2160 with targets at 1.2235 & 1.2270 in extension.

Alternative scenario:

Below 1.2160 look for further downside with 1.2125 & 1.2100 as targets.

Comment:

The RSI lacks downward momentum.

EUR/USD Intraday: bullish bias above 1.0485.

Pivot:

1.0485

Our preference:

Long positions above 1.0485 with targets at 1.0530 & 1.0550 in extension.

Alternative scenario:

Below 1.0485 look for further downside with 1.0465 & 1.0440 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

AUD/USD Intraday: continuation of the rebound.

Pivot:

0.6690

Our preference:

Long positions above 0.6690 with targets at 0.6745 & 0.6775 in extension.

Alternative scenario:

Below 0.6690 look for further downside with 0.6665 & 0.6635 as targets.

Comment:

The break above 0.6690 is a positive signal that has opened a path to 0.6745.

Gold Intraday: continuation of the rebound.

Pivot:

1776.00

Our preference:

Long positions above 1776.00 with targets at 1798.00 & 1803.00 in extension.

Alternative scenario:

Below 1776.00 look for further downside with 1769.00 & 1764.00 as targets.

Comment:

The RSI advocates for further upside.

USD/JPY Intraday: key resistance at 137.00.

Pivot:

137.00

Our preference:

Short positions below 137.00 with targets at 135.95 & 135.55 in extension.

Alternative scenario:

Above 137.00 look for further upside with 137.40 & 137.85 as targets.

Comment:

As long as 137.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)‎ (F3)‎ Intraday: key resistance at 73.50.

Pivot:

73.50

Our preference:

Short positions below 73.50 with targets at 71.20 & 70.00 in extension.

Alternative scenario:

Above 73.50 look for further upside with 75.30 & 76.80 as targets.

Comment:

The RSI is below its neutrality area at 50%