GBP/USD Intraday: the downside prevails.

Pivot:

1.2080

Our preference:

Short positions below 1.2080 with targets at 1.1990 & 1.1960 in extension.

Alternative scenario:

Above 1.2080 look for further upside with 1.2100 & 1.2130 as targets.

Comment:

The RSI calls for a new downleg.

EUR/USD Intraday: the downside prevails.

Pivot:

1.0715

Our preference:

Short positions below 1.0715 with targets at 1.0660 & 1.0640 in extension.

Alternative scenario:

Above 1.0715 look for further upside with 1.0730 & 1.0745 as targets.

Comment:

As long as the resistance at 1.0715 is not surpassed, the risk of the break below 1.0660 remains high.

AUD/USD Intraday: under pressure.

Pivot:

0.6920

Our preference:

Short positions below 0.6920 with targets at 0.6860 & 0.6840 in extension.

Alternative scenario:

Above 0.6920 look for further upside with 0.6940 & 0.6960 as targets.

Comment:

The RSI is bearish and calls for further downside.

Gold Intraday: look for 1823.00.

Pivot:

1844.00

Our preference:

Short positions below 1844.00 with targets at 1829.00 & 1823.00 in extension.

Alternative scenario:

Above 1844.00 look for further upside with 1850.00 & 1859.00 as targets.

Comment:

The immediate trend remains down but the momentum is weak.

USD/JPY Intraday: bullish bias above 133.20.

Pivot:

133.20

Our preference:

Long positions above 133.20 with targets at 134.35 & 134.80 in extension.

Alternative scenario:

Below 133.20 look for further downside with 132.80 & 132.50 as targets.

Comment:

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

Crude Oil (WTI)‎ (H3)‎ Intraday: intraday support around 77.90.

Pivot:

77.90

Our preference:

Long positions above 77.90 with targets at 79.15 & 79.60 in extension.

Alternative scenario:

Below 77.90 look for further downside with 77.15 & 76.50 as targets.

Comment:

The RSI is mixed with a bullish bias.