GBP/USD Intraday: watch 1.2280.
Pivot:
1.2160
Our preference:
Long positions above 1.2160 with targets at 1.2245 & 1.2280 in extension.
Alternative scenario:
Below 1.2160 look for further downside with 1.2120 & 1.2090 as targets.
Comment:
The RSI calls for a bounce.
EUR/USD Intraday: further upside.
Pivot:
1.0810
Our preference:
Long positions above 1.0810 with targets at 1.0890 & 1.0920 in extension.
Alternative scenario:
Below 1.0810 look for further downside with 1.0780 & 1.0750 as targets.
Comment:
The RSI calls for a new upleg.
AUD/USD Intraday: the upside prevails.
Pivot:
0.6920
Our preference:
Long positions above 0.6920 with targets at 0.7000 & 0.7030 in extension.
Alternative scenario:
Below 0.6920 look for further downside with 0.6890 & 0.6860 as targets.
Comment:
The RSI advocates for further upside.
Gold Intraday: further upside.
Pivot:
1885.00
Our preference:
Long positions above 1885.00 with targets at 1909.00 & 1915.00 in extension.
Alternative scenario:
Below 1885.00 look for further downside with 1878.00 & 1873.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: the downside prevails.
Pivot:
130.00
Our preference:
Short positions below 130.00 with targets at 128.70 & 128.20 in extension.
Alternative scenario:
Above 130.00 look for further upside with 130.40 & 130.80 as targets.
Comment:
The RSI calls for a new downleg.
Crude Oil (WTI) (G3) Intraday: intraday support around 77.85.
Pivot:
77.85
Our preference:
Long positions above 77.85 with targets at 79.10 & 79.70 in extension.
Alternative scenario:
Below 77.85 look for further downside with 77.00 & 76.20 as targets.
Comment:
The immediate trend remains down but the momentum is weak.