GBP/USD Intraday: the downside prevails.

Pivot:

1.2245

Our preference:

Short positions below 1.2245 with targets at 1.2170 & 1.2145 in extension.

Alternative scenario:

Above 1.2245 look for further upside with 1.2265 & 1.2290 as targets.

Comment:

A break below 1.2170 would trigger a drop towards 1.2145.

EUR/USD Intraday: key resistance at 1.0850.

Pivot:

1.0850

Our preference:

Short positions below 1.0850 with targets at 1.0800 & 1.0780 in extension.

Alternative scenario:

Above 1.0850 look for further upside with 1.0870 & 1.0890 as targets.

Comment:

As long as the resistance at 1.0850 is not surpassed, the risk of the break below 1.0800 remains high.

Gold Intraday: bullish bias above 1909.00.

Pivot:

1909.00

Our preference:

Long positions above 1909.00 with targets at 1922.00 & 1929.00 in extension.

Alternative scenario:

Below 1909.00 look for further downside with 1900.00 & 1892.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

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

Pivot:

79.75

Our preference:

Short positions below 79.75 with targets at 78.00 & 77.20 in extension.

Alternative scenario:

Above 79.75 look for further upside with 80.20 & 80.80 as targets.

Comment:

The RSI is below its neutrality area at 50%

USD/JPY Intraday: bullish bias above 127.80.

Pivot:

127.80

Our preference:

Long positions above 127.80 with targets at 128.80 & 129.20 in extension.

Alternative scenario:

Below 127.80 look for further downside with 127.50 & 127.20 as targets.

Comment:

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

AUD/USD Intraday: watch 0.6920.

Pivot:

0.6990

Our preference:

Short positions below 0.6990 with targets at 0.6940 & 0.6920 in extension.

Alternative scenario:

Above 0.6990 look for further upside with 0.7005 & 0.7020 as targets.

Comment:

As long as 0.6990 is resistance, look for choppy price action with a bearish bias.