GBP/USD Intraday: key resistance at 1.2200.

Pivot:

1.2200

Our preference:

Short positions below 1.2200 with targets at 1.2140 & 1.2115 in extension.

Alternative scenario:

Above 1.2200 look for further upside with 1.2230 & 1.2265 as targets.

Comment:

As long as 1.2200 is resistance, look for choppy price action with a bearish bias.

EUR/USD Intraday: watch 1.0690.

Pivot:

1.0760

Our preference:

Short positions below 1.0760 with targets at 1.0710 & 1.0690 in extension.

Alternative scenario:

Above 1.0760 look for further upside with 1.0780 & 1.0800 as targets.

Comment:

As long as the resistance at 1.0760 is not surpassed, the risk of the break below 1.0710 remains high.

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6960

Our preference:

Long positions above 0.6960 with targets at 0.7000 & 0.7020 in extension.

Alternative scenario:

Below 0.6960 look for further downside with 0.6940 & 0.6920 as targets.

Comment:

The RSI advocates for further upside.

Gold Intraday: choppy.

Pivot:

1863.00

Our preference:

Short positions below 1863.00 with targets at 1848.00 & 1843.00 in extension.

Alternative scenario:

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

Comment:

As long as 1863.00 is resistance, look for choppy price action with a bearish bias.

USD/JPY Intraday: the upside prevails.

Pivot:

132.30

Our preference:

Long positions above 132.30 with targets at 133.60 & 134.00 in extension.

Alternative scenario:

Below 132.30 look for further downside with 131.90 & 131.50 as targets.

Comment:

The RSI advocates for further advance.

Crude Oil (WTI)‎ (H3)‎ Intraday: consolidation in place.

Pivot:

79.60

Our preference:

Short positions below 79.60 with targets at 78.00 & 77.45 in extension.

Alternative scenario:

Above 79.60 look for further upside with 80.20 & 80.60 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.