GBP/USD Intraday: 1.1990 in sight.

Pivot:

1.2065

Our preference:

Short positions below 1.2065 with targets at 1.1990 & 1.1960 in extension.

Alternative scenario:

Above 1.2065 look for further upside with 1.2105 & 1.2145 as targets.

Comment:

A break below 1.1990 would trigger a drop towards 1.1960.

EUR/USD Intraday: watch 1.0575.

Pivot:

1.0625

Our preference:

Short positions below 1.0625 with targets at 1.0575 & 1.0545 in extension.

Alternative scenario:

Above 1.0625 look for further upside with 1.0660 & 1.0685 as targets.

Comment:

A break below 1.0575 would trigger a drop towards 1.0545.

AUD/USD Intraday: key resistance at 0.6840.

Pivot:

0.6840

Our preference:

Short positions below 0.6840 with targets at 0.6780 & 0.6765 in extension.

Alternative scenario:

Above 0.6840 look for further upside with 0.6865 & 0.6890 as targets.

Comment:

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

Gold Intraday: the downside prevails.

Pivot:

1829.00

Our preference:

Short positions below 1829.00 with targets at 1818.00 & 1813.00 in extension.

Alternative scenario:

Above 1829.00 look for further upside with 1834.00 & 1839.00 as targets.

Comment:

As long as the resistance at 1829.00 is not surpassed, the risk of the break below 1818.00 remains high.

USD/JPY Intraday: under pressure.

Pivot:

135.00

Our preference:

Short positions below 135.00 with targets at 134.20 & 133.90 in extension.

Alternative scenario:

Above 135.00 look for further upside with 135.35 & 135.65 as targets.

Comment:

As long as the resistance at 135.00 is not surpassed, the risk of the break below 134.20 remains high.

Crude Oil (WTI)‎ (J3)‎ Intraday: rebound expected.

Pivot:

74.80

Our preference:

Long positions above 74.80 with targets at 76.20 & 76.80 in extension.

Alternative scenario:

Below 74.80 look for further downside with 74.30 & 73.80 as targets.

Comment:

The RSI is bullish and calls for further upside.