GBP/USD Intraday: the upside prevails.

Pivot:

1.2340

Our preference:

Long positions above 1.2340 with targets at 1.2430 & 1.2460 in extension.

Alternative scenario:

Below 1.2340 look for further downside with 1.2310 & 1.2280 as targets.

Comment:

The RSI advocates for further upside.

EUR/USD Intraday: the upside prevails.

Pivot:

1.0800

Our preference:

Long positions above 1.0800 with targets at 1.0855 & 1.0880 in extension.

Alternative scenario:

Below 1.0800 look for further downside with 1.0780 & 1.0760 as targets.

Comment:

The RSI advocates for further upside.

AUD/USD Intraday: rebound expected.

Pivot:

0.6880

Our preference:

Long positions above 0.6880 with targets at 0.6945 & 0.6970 in extension.

Alternative scenario:

Below 0.6880 look for further downside with 0.6860 & 0.6840 as targets.

Comment:

The RSI calls for a rebound.

Gold Intraday: further upside.

Pivot:

1921.00

Our preference:

Long positions above 1921.00 with targets at 1941.00 & 1950.00 in extension.

Alternative scenario:

Below 1921.00 look for further downside with 1913.00 & 1906.00 as targets.

Comment:

The RSI is bullish and calls for further upside.

USD/JPY Intraday: watch 128.10.

Pivot:

128.80

Our preference:

Short positions below 128.80 with targets at 128.10 & 127.70 in extension.

Alternative scenario:

Above 128.80 look for further upside with 129.20 & 129.70 as targets.

Comment:

A break below 128.10 would trigger a drop towards 127.70.

Crude Oil (WTI)‎ (H3)‎ Intraday: bullish bias above 79.90.

Pivot:

79.90

Our preference:

Long positions above 79.90 with targets at 81.80 & 82.60 in extension.

Alternative scenario:

Below 79.90 look for further downside with 79.10 & 78.50 as targets.

Comment:

The RSI calls for a bounce.