EUR/USD Intraday: consolidation.

Pivot:

1.0760

Our preference:

Short positions below 1.0760 with targets at 1.0710 & 1.0690 in extension.

Alternative scenario:

Above 1.0760 look for further upside with 1.0780 & 1.0800 as targets.

Comment:

As long as 1.0760 is resistance, look for choppy price action with a bearish bias.

Gold Intraday: rebound expected.

Pivot:

1869.00

Our preference:

Long positions above 1869.00 with targets at 1885.00 & 1900.00 in extension.

Alternative scenario:

Below 1869.00 look for further downside with 1864.00 & 1858.00 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

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

Pivot:

75.30

Our preference:

Short positions below 75.30 with targets at 74.00 & 73.25 in extension.

Alternative scenario:

Above 75.30 look for further upside with 75.90 & 76.70 as targets.

Comment:

The RSI calls for a drop.

GBP/USD Intraday: watch 1.2080.

Pivot:

1.2185

Our preference:

Short positions below 1.2185 with targets at 1.2110 & 1.2080 in extension.

Alternative scenario:

Above 1.2185 look for further upside with 1.2210 & 1.2240 as targets.

Comment:

The RSI advocates for further downside.

USD/JPY Intraday: the bias remains bullish.

Pivot:

131.65

Our preference:

Long positions above 131.65 with targets at 132.65 & 133.00 in extension.

Alternative scenario:

Below 131.65 look for further downside with 131.30 & 130.90 as targets.

Comment:

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

AUD/USD Intraday: key resistance at 0.6925.

Pivot:

0.6925

Our preference:

Short positions below 0.6925 with targets at 0.6860 & 0.6840 in extension.

Alternative scenario:

Above 0.6925 look for further upside with 0.6950 & 0.6975 as targets.

Comment:

As long as 0.6925 is resistance, look for choppy price action with a bearish bias.