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.