GBP/USD Intraday: further upside.

Pivot:

1.2090

Our preference:

Long positions above 1.2090 with targets at 1.2160 & 1.2195 in extension.

Alternative scenario:

Below 1.2090 look for further downside with 1.2060 & 1.2030 as targets.

Comment:

The RSI advocates for further advance.

EUR/USD Intraday: continuation of the rebound.

Pivot:

1.0690

Our preference:

Long positions above 1.0690 with targets at 1.0750 & 1.0770 in extension.

Alternative scenario:

Below 1.0690 look for further downside with 1.0670 & 1.0655 as targets.

Comment:

The RSI is bullish and calls for further advance.

AUD/USD Intraday: further advance.

Pivot:

0.6930

Our preference:

Long positions above 0.6930 with targets at 0.6990 & 0.7010 in extension.

Alternative scenario:

Below 0.6930 look for further downside with 0.6910 & 0.6890 as targets.

Comment:

The RSI is bullish and calls for further upside.

Gold Intraday: towards 1839.00.

Pivot:

1863.00

Our preference:

Short positions below 1863.00 with targets at 1846.00 & 1839.00 in extension.

Alternative scenario:

Above 1863.00 look for further upside with 1871.00 & 1878.00 as targets.

Comment:

The immediate trend remains down but the momentum is weak.

Crude Oil (WTI)‎ (H3)‎ Intraday: key resistance at 80.00.

Pivot:

80.00

Our preference:

Short positions below 80.00 with targets at 78.50 & 77.50 in extension.

Alternative scenario:

Above 80.00 look for further upside with 80.60 & 81.60 as targets.

Comment:

As long as 80.00 is resistance, look for choppy price action with a bearish bias.

USD/JPY Intraday: consolidation.

Pivot:

132.90

Our preference:

Short positions below 132.90 with targets at 131.80 & 131.40 in extension.

Alternative scenario:

Above 132.90 look for further upside with 133.30 & 133.70 as targets.

Comment:

The RSI advocates for further downside.