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.