GBP/USD Intraday: watch 1.2130.

Pivot:

1.2010

Our preference:

Long positions above 1.2010 with targets at 1.2100 & 1.2130 in extension.

Alternative scenario:

Below 1.2010 look for further downside with 1.1970 & 1.1940 as targets.

Comment:

The RSI advocates for further advance.

EUR/USD Intraday: bullish bias above 1.0580.

Pivot:

1.0580

Our preference:

Long positions above 1.0580 with targets at 1.0625 & 1.0645 in extension.

Alternative scenario:

Below 1.0580 look for further downside with 1.0560 & 1.0540 as targets.

Comment:

The RSI calls for a bounce.

AUD/USD Intraday: bullish bias above 0.6800.

Pivot:

0.6800

Our preference:

Long positions above 0.6800 with targets at 0.6860 & 0.6885 in extension.

Alternative scenario:

Below 0.6800 look for further downside with 0.6770 & 0.6730 as targets.

Comment:

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

Gold Intraday: intraday support around 1846.00.

Pivot:

1846.00

Our preference:

Long positions above 1846.00 with targets at 1865.00 & 1874.00 in extension.

Alternative scenario:

Below 1846.00 look for further downside with 1835.00 & 1827.00 as targets.

Comment:

A support base at 1846.00 has formed and has allowed for a temporary stabilisation.

USD/JPY Intraday: the upside prevails.

Pivot:

131.30

Our preference:

Long positions above 131.30 with targets at 132.90 & 133.40 in extension.

Alternative scenario:

Below 131.30 look for further downside with 130.90 & 130.50 as targets.

Comment:

The RSI is bullish and calls for further advance.

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

Pivot:

74.30

Our preference:

Short positions below 74.30 with targets at 71.90 & 71.20 in extension.

Alternative scenario:

Above 74.30 look for further upside with 75.60 & 76.60 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.