EUR/USD Intraday: bullish bias above 1.0630.
Pivot:
1.0630
Our preference:
Long positions above 1.0630 with targets at 1.0685 & 1.0720 in extension.
Alternative scenario:
Below 1.0630 look for further downside with 1.0600 & 1.0565 as targets.
Comment:
A support base at 1.0630 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: the upside prevails.
Pivot:
147.55
Our preference:
Long positions above 147.55 with targets at 148.00 & 148.20 in extension.
Alternative scenario:
Below 147.55 look for further downside with 147.35 & 147.15 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: watch 1.2370.
Pivot:
1.2415
Our preference:
Short positions below 1.2415 with targets at 1.2370 & 1.2340 in extension.
Alternative scenario:
Above 1.2415 look for further upside with 1.2440 & 1.2465 as targets.
Comment:
A break below 1.2370 would trigger a drop towards 1.2340.
Gold Intraday: bullish bias above 1918.00.
Pivot:
1918.00
Our preference:
Long positions above 1918.00 with targets at 1930.00 & 1935.00 in extension.
Alternative scenario:
Below 1918.00 look for further downside with 1913.00 & 1907.00 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
Crude Oil (WTI)‎ (V3)‎ Intraday: bullish bias above 90.20.
Pivot:
90.20
Our preference:
Long positions above 90.20 with targets at 91.25 & 91.70 in extension.
Alternative scenario:
Below 90.20 look for further downside with 89.70 & 89.20 as targets.
Comment:
The RSI calls for a bounce.
AUD/USD Intraday: under pressure.
Pivot:
0.6455
Our preference:
Short positions below 0.6455 with targets at 0.6410 & 0.6395 in extension.
Alternative scenario:
Above 0.6455 look for further upside with 0.6475 & 0.6500 as targets.
Comment:
As long as the resistance at 0.6455 is not surpassed, the risk of the break below 0.6410 remains high.