GBP/USD Intraday: bullish bias above 1.2000.
Pivot:
1.2000
Our preference:
Long positions above 1.2000 with targets at 1.2070 & 1.2100 in extension.
Alternative scenario:
Below 1.2000 look for further downside with 1.1970 & 1.1940 as targets.
Comment:
The RSI advocates for further advance.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0665
Our preference:
Long positions above 1.0665 with targets at 1.0705 & 1.0720 in extension.
Alternative scenario:
Below 1.0665 look for further downside with 1.0650 & 1.0635 as targets.
Comment:
The RSI calls for a bounce.
AUD/USD Intraday: the upside prevails.
Pivot:
0.6880
Our preference:
Long positions above 0.6880 with targets at 0.6935 & 0.6960 in extension.
Alternative scenario:
Below 0.6880 look for further downside with 0.6860 & 0.6830 as targets.
Comment:
The RSI calls for a new upleg.
Gold Intraday: bullish bias above 1837.00.
Pivot:
1837.00
Our preference:
Long positions above 1837.00 with targets at 1848.00 & 1853.00 in extension.
Alternative scenario:
Below 1837.00 look for further downside with 1830.00 & 1824.00 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
USD/JPY Intraday: watch 133.60.
Pivot:
134.55
Our preference:
Short positions below 134.55 with targets at 133.90 & 133.60 in extension.
Alternative scenario:
Above 134.55 look for further upside with 134.80 & 135.10 as targets.
Comment:
As long as the resistance at 134.55 is not surpassed, the risk of the break below 133.90 remains high.
Crude Oil (WTI) (J3) Intraday: expect 78.50.
Pivot:
76.55
Our preference:
Long positions above 76.55 with targets at 77.80 & 78.50 in extension.
Alternative scenario:
Below 76.55 look for further downside with 75.95 & 75.30 as targets.
Comment:
The RSI calls for a bounce.