EUR/USD Intraday: key resistance at 1.0980.

Pivot:

1.0980

Our preference:

Short positions below 1.0980 with targets at 1.0930 & 1.0910 in extension.

Alternative scenario:

Above 1.0980 look for further upside with 1.1000 & 1.1015 as targets.

Comment:

As long as the resistance at 1.0980 is not surpassed, the risk of the break below 1.0930 remains high.

Gold Intraday: the downside prevails.

Pivot:

1932.00

Our preference:

Short positions below 1932.00 with targets at 1920.00 & 1915.00 in extension.

Alternative scenario:

Above 1932.00 look for further upside with 1937.00 & 1942.00 as targets.

Comment:

The RSI calls for a new downleg.

Crude Oil (WTI)‎ (U3)‎ Intraday: expect 84.30.

Pivot:

81.90

Our preference:

Long positions above 81.90 with targets at 83.30 & 84.30 in extension.

Alternative scenario:

Below 81.90 look for further downside with 80.85 & 79.90 as targets.

Comment:

The RSI is mixed with a bullish bias.

GBP/USD Intraday: bullish bias above 1.2720.

Pivot:

1.2720

Our preference:

Long positions above 1.2720 with targets at 1.2770 & 1.2785 in extension.

Alternative scenario:

Below 1.2720 look for further downside with 1.2700 & 1.2685 as targets.

Comment:

The RSI calls for a rebound.

USD/JPY Intraday: the bias remains bullish.

Pivot:

142.85

Our preference:

Long positions above 142.85 with targets at 143.50 & 143.85 in extension.

Alternative scenario:

Below 142.85 look for further downside with 142.55 & 142.25 as targets.

Comment:

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

AUD/USD Intraday: key resistance at 0.6555.

Pivot:

0.6555

Our preference:

Short positions below 0.6555 with targets at 0.6515 & 0.6495 in extension.

Alternative scenario:

Above 0.6555 look for further upside with 0.6570 & 0.6585 as targets.

Comment:

As long as 0.6555 is resistance, look for choppy price action with a bearish bias.