GBP/USD Intraday: the bias remains bullish.

Pivot:

1.2120

Our preference:

Long positions above 1.2120 with targets at 1.2210 & 1.2260 in extension.

Alternative scenario:

Below 1.2120 look for further downside with 1.2070 & 1.2020 as targets.

Comment:

The RSI advocates for further advance.

EUR/USD Intraday: bullish bias above 1.0690.

Pivot:

1.0690

Our preference:

Long positions above 1.0690 with targets at 1.0760 & 1.0790 in extension.

Alternative scenario:

Below 1.0690 look for further downside with 1.0660 & 1.0630 as targets.

Comment:

The RSI calls for a bounce.

AUD/USD Intraday: consolidation.

Pivot:

0.6950

Our preference:

Short positions below 0.6950 with targets at 0.6880 & 0.6860 in extension.

Alternative scenario:

Above 0.6950 look for further upside with 0.6970 & 0.6990 as targets.

Comment:

As long as 0.6950 is resistance, look for choppy price action with a bearish bias.

Gold Intraday: consolidation in place.

Pivot:

1881.00

Our preference:

Short positions below 1881.00 with targets at 1864.00 & 1852.00 in extension.

Alternative scenario:

Above 1881.00 look for further upside with 1891.00 & 1900.00 as targets.

Comment:

Intraday technical indicators lack momentum.

USD/JPY Intraday: key resistance at 132.60.

Pivot:

132.60

Our preference:

Short positions below 132.60 with targets at 131.30 & 130.80 in extension.

Alternative scenario:

Above 132.60 look for further upside with 133.00 & 133.40 as targets.

Comment:

As long as 132.60 is resistance, look for choppy price action with a bearish bias.

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

Pivot:

75.50

Our preference:

Short positions below 75.50 with targets at 74.00 & 73.20 in extension.

Alternative scenario:

Above 75.50 look for further upside with 76.50 & 77.30 as targets.

Comment:

The RSI is below its neutrality area at 50%