GBP/USD Intraday: the downside prevails.

Pivot:

1.2030

Our preference:

Short positions below 1.2030 with targets at 1.1900 & 1.1860 in extension.

Alternative scenario:

Above 1.2030 look for further upside with 1.2060 & 1.2100 as targets.

Comment:

As long as the resistance at 1.2030 is not surpassed, the risk of the break below 1.1900 remains high.

EUR/USD Intraday: under pressure.

Pivot:

1.0590

Our preference:

Short positions below 1.0590 with targets at 1.0510 & 1.0480 in extension.

Alternative scenario:

Above 1.0590 look for further upside with 1.0615 & 1.0640 as targets.

Comment:

The RSI is bearish and calls for further decline.

AUD/USD Intraday: the downside prevails.

Pivot:

0.6760

Our preference:

Short positions below 0.6760 with targets at 0.6685 & 0.6660 in extension.

Alternative scenario:

Above 0.6760 look for further upside with 0.6780 & 0.6800 as targets.

Comment:

The RSI calls for a new downleg.

Gold Intraday: consolidation in place.

Pivot:

1848.00

Our preference:

Short positions below 1848.00 with targets at 1827.00 & 1817.00 in extension.

Alternative scenario:

Above 1848.00 look for further upside with 1857.00 & 1865.00 as targets.

Comment:

As long as 1848.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)‎ (G3)‎ Intraday: under pressure.

Pivot:

78.00

Our preference:

Short positions below 78.00 with targets at 75.80 & 75.20 in extension.

Alternative scenario:

Above 78.00 look for further upside with 79.00 & 79.80 as targets.

Comment:

The RSI is bearish and calls for further downside.

USD/JPY Intraday: continuation of the rebound.

Pivot:

130.60

Our preference:

Long positions above 130.60 with targets at 131.80 & 132.30 in extension.

Alternative scenario:

Below 130.60 look for further downside with 130.30 & 130.00 as targets.

Comment:

The RSI shows upside momentum.