GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2030

Our preference:

Long positions above 1.2030 with targets at 1.2080 & 1.2100 in extension.

Alternative scenario:

Below 1.2030 look for further downside with 1.2015 & 1.2000 as targets.

Comment:

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

EUR/USD Intraday: bullish bias above 1.0635.

Pivot:

1.0635

Our preference:

Long positions above 1.0635 with targets at 1.0690 & 1.0705 in extension.

Alternative scenario:

Below 1.0635 look for further downside with 1.0620 & 1.0605 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6735

Our preference:

Long positions above 0.6735 with targets at 0.6785 & 0.6800 in extension.

Alternative scenario:

Below 0.6735 look for further downside with 0.6710 & 0.6690 as targets.

Comment:

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

Gold Intraday: bullish bias above 1806.00.

Pivot:

1806.00

Our preference:

Long positions above 1806.00 with targets at 1820.00 & 1826.00 in extension.

Alternative scenario:

Below 1806.00 look for further downside with 1801.00 & 1796.00 as targets.

Comment:

The RSI calls for a bounce.

USD/JPY Intraday: the downside prevails.

Pivot:

133.50

Our preference:

Short positions below 133.50 with targets at 132.40 & 132.10 in extension.

Alternative scenario:

Above 133.50 look for further upside with 133.90 & 134.30 as targets.

Comment:

The RSI lacks upward momentum.

Crude Oil (WTI)‎ (G3)‎ Intraday: bullish bias above 77.50.

Pivot:

77.50

Our preference:

Long positions above 77.50 with targets at 79.10 & 79.70 in extension.

Alternative scenario:

Below 77.50 look for further downside with 76.80 & 76.00 as targets.

Comment:

The RSI calls for a rebound.