GBP/USD Intraday: the upside prevails.

Pivot:

1.2065

Our preference:

Long positions above 1.2065 with targets at 1.2150 & 1.2190 in extension.

Alternative scenario:

Below 1.2065 look for further downside with 1.2030 & 1.1990 as targets.

Comment:

The RSI calls for a new upleg.

EUR/USD Intraday: towards 1.0610.

Pivot:

1.0670

Our preference:

Short positions below 1.0670 with targets at 1.0630 & 1.0610 in extension.

Alternative scenario:

Above 1.0670 look for further upside with 1.0685 & 1.0700 as targets.

Comment:

The RSI advocates for further downside.

AUD/USD Intraday: the downside prevails.

Pivot:

0.6890

Our preference:

Short positions below 0.6890 with targets at 0.6845 & 0.6830 in extension.

Alternative scenario:

Above 0.6890 look for further upside with 0.6905 & 0.6920 as targets.

Comment:

As long as 0.6890 is resistance, look for choppy price action with a bearish bias.

Gold Intraday: key resistance at 1842.00.

Pivot:

1842.00

Our preference:

Short positions below 1842.00 with targets at 1829.00 & 1824.00 in extension.

Alternative scenario:

Above 1842.00 look for further upside with 1847.00 & 1853.00 as targets.

Comment:

The RSI is mixed with a bearish bias.

USD/JPY Intraday: bullish bias above 134.65.

Pivot:

134.65

Our preference:

Long positions above 134.65 with targets at 135.20 & 135.40 in extension.

Alternative scenario:

Below 134.65 look for further downside with 134.40 & 134.20 as targets.

Comment:

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

Crude Oil (WTI)‎ (J3)‎ Intraday: under pressure.

Pivot:

76.80

Our preference:

Short positions below 76.80 with targets at 75.70 & 75.30 in extension.

Alternative scenario:

Above 76.80 look for further upside with 77.50 & 78.20 as targets.

Comment:

The RSI calls for a drop.