GBP/USD Intraday: the downside prevails.

Pivot:

1.2290

Our preference:

Short positions below 1.2290 with targets at 1.2215 & 1.2180 in extension.

Alternative scenario:

Above 1.2290 look for further upside with 1.2320 & 1.2350 as targets.

Comment:

The RSI calls for a new downleg.

EUR/USD Intraday: watch 1.0510.

Pivot:

1.0560

Our preference:

Short positions below 1.0560 with targets at 1.0510 & 1.0485 in extension.

Alternative scenario:

Above 1.0560 look for further upside with 1.0585 & 1.0610 as targets.

Comment:

A break below 1.0510 would trigger a drop towards 1.0485.

AUD/USD Intraday: bullish bias above 0.6765.

Pivot:

0.6765

Our preference:

Long positions above 0.6765 with targets at 0.6810 & 0.6830 in extension.

Alternative scenario:

Below 0.6765 look for further downside with 0.6745 & 0.6725 as targets.

Comment:

A support base at 0.6765 has formed and has allowed for a temporary stabilisation.

Gold Intraday: bullish bias above 1789.00.

Pivot:

1789.00

Our preference:

Long positions above 1789.00 with targets at 1805.00 & 1810.00 in extension.

Alternative scenario:

Below 1789.00 look for further downside with 1784.00 & 1780.00 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/JPY Intraday: rebound.

Pivot:

136.20

Our preference:

Long positions above 136.20 with targets at 137.20 & 137.50 in extension.

Alternative scenario:

Below 136.20 look for further downside with 135.90 & 135.55 as targets.

Comment:

The RSI calls for a rebound.

Crude Oil (WTI)‎ (F3)‎ Intraday: consolidation in place.

Pivot:

72.90

Our preference:

Short positions below 72.90 with targets at 71.05 & 70.00 in extension.

Alternative scenario:

Above 72.90 look for further upside with 74.20 & 75.45 as targets.

Comment:

Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.