GBP/USD Intraday: key resistance at 1.2070.
Pivot:
1.2070
Our preference:
Short positions below 1.2070 with targets at 1.2000 & 1.1960 in extension.
Alternative scenario:
Above 1.2070 look for further upside with 1.2100 & 1.2130 as targets.
Comment:
As long as the resistance at 1.2070 is not surpassed, the risk of the break below 1.2000 remains high.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0770
Our preference:
Short positions below 1.0770 with targets at 1.0700 & 1.0670 in extension.
Alternative scenario:
Above 1.0770 look for further upside with 1.0800 & 1.0830 as targets.
Comment:
The RSI calls for a new downleg.
AUD/USD Intraday: under pressure.
Pivot:
0.6925
Our preference:
Short positions below 0.6925 with targets at 0.6855 & 0.6830 in extension.
Alternative scenario:
Above 0.6925 look for further upside with 0.6950 & 0.6970 as targets.
Comment:
The RSI advocates for further downside.
Gold Intraday: look for 1850.00.
Pivot:
1881.00
Our preference:
Short positions below 1881.00 with targets at 1860.00 & 1850.00 in extension.
Alternative scenario:
Above 1881.00 look for further upside with 1896.00 & 1909.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
USD/JPY Intraday: watch 133.60.
Pivot:
132.00
Our preference:
Long positions above 132.00 with targets at 133.20 & 133.60 in extension.
Alternative scenario:
Below 132.00 look for further downside with 131.60 & 131.20 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (H3) Intraday: rebound expected.
Pivot:
73.10
Our preference:
Long positions above 73.10 with targets at 75.20 & 76.60 in extension.
Alternative scenario:
Below 73.10 look for further downside with 72.25 & 71.70 as targets.
Comment:
The RSI calls for a rebound.