GBP/USD Intraday: key resistance at 1.2390.

Pivot:

1.2390

Our preference:

Short positions below 1.2390 with targets at 1.2350 & 1.2325 in extension.

Alternative scenario:

Above 1.2390 look for further upside with 1.2420 & 1.2445 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.2390.

EUR/USD Intraday: key resistance at 1.0880.

Pivot:

1.0880

Our preference:

Short positions below 1.0880 with targets at 1.0845 & 1.0825 in extension.

Alternative scenario:

Above 1.0880 look for further upside with 1.0900 & 1.0920 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.0880.

AUD/USD Intraday: the upside prevails.

Pivot:

0.6990

Our preference:

Long positions above 0.6990 with targets at 0.7050 & 0.7075 in extension.

Alternative scenario:

Below 0.6990 look for further downside with 0.6965 & 0.6940 as targets.

Comment:

The RSI lacks downward momentum.

Gold Intraday: further advance.

Pivot:

1921.00

Our preference:

Long positions above 1921.00 with targets at 1937.00 & 1945.00 in extension.

Alternative scenario:

Below 1921.00 look for further downside with 1916.00 & 1911.00 as targets.

Comment:

The RSI calls for a new upleg.

USD/JPY Intraday: bullish bias above 130.25.

Pivot:

130.25

Our preference:

Long positions above 130.25 with targets at 130.90 & 131.20 in extension.

Alternative scenario:

Below 130.25 look for further downside with 129.95 & 129.60 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Crude Oil (WTI)‎ (H3)‎ Intraday: bullish bias above 81.00.

Pivot:

81.00

Our preference:

Long positions above 81.00 with targets at 82.10 & 82.60 in extension.

Alternative scenario:

Below 81.00 look for further downside with 80.50 & 79.90 as targets.

Comment:

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