USD/JPY Intraday: further upside.
Pivot:
145.85
Our preference:
Long positions above 145.85 with targets at 146.60 & 146.90 in extension.
Alternative scenario:
Below 145.85 look for further downside with 145.60 & 145.30 as targets.
Comment:
The RSI is bullish and calls for further advance.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0910
Our preference:
Short positions below 1.0910 with targets at 1.0850 & 1.0825 in extension.
Alternative scenario:
Above 1.0910 look for further upside with 1.0930 & 1.0950 as targets.
Comment:
The RSI advocates for further decline.
GBP/USD Intraday: consolidation.
Pivot:
1.2760
Our preference:
Short positions below 1.2760 with targets at 1.2700 & 1.2680 in extension.
Alternative scenario:
Above 1.2760 look for further upside with 1.2780 & 1.2800 as targets.
Comment:
As long as 1.2760 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: the downside prevails.
Pivot:
1901.00
Our preference:
Short positions below 1901.00 with targets at 1886.00 & 1880.00 in extension.
Alternative scenario:
Above 1901.00 look for further upside with 1906.00 & 1911.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Crude Oil (WTI)‎ (U3)‎ Intraday: the downside prevails.
Pivot:
79.95
Our preference:
Short positions below 79.95 with targets at 78.65 & 78.30 in extension.
Alternative scenario:
Above 79.95 look for further upside with 80.45 & 81.30 as targets.
Comment:
The RSI has broken down its 30 level.
AUD/USD Intraday: under pressure.
Pivot:
0.6455
Our preference:
Short positions below 0.6455 with targets at 0.6400 & 0.6375 in extension.
Alternative scenario:
Above 0.6455 look for further upside with 0.6480 & 0.6510 as targets.
Comment:
The RSI is bearish and calls for further decline.