USD/JPY Intraday: under pressure.

Pivot:

145.20

Our preference:

Short positions below 145.20 with targets at 143.10 & 142.50 in extension.

Alternative scenario:

Above 145.20 look for further upside with 145.75 & 146.35 as targets.

Comment:

As long as the resistance at 145.20 is not surpassed, the risk of the break below 143.10 remains high.

Crude Oil (WTI)‎ (F4)‎ Intraday: key resistance at 70.40.

Pivot:

70.40

Our preference:

Short positions below 70.40 with targets at 68.80 & 68.00 in extension.

Alternative scenario:

Above 70.40 look for further upside with 71.40 & 72.00 as targets.

Comment:

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

EUR/USD Intraday: bullish bias above 1.0770.

Pivot:

1.0770

Our preference:

Long positions above 1.0770 with targets at 1.0815 & 1.0830 in extension.

Alternative scenario:

Below 1.0770 look for further downside with 1.0755 & 1.0740 as targets.

Comment:

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

Gold Intraday: intraday support around 2020.00.

Pivot:

2020.00

Our preference:

Long positions above 2020.00 with targets at 2038.00 & 2043.00 in extension.

Alternative scenario:

Below 2020.00 look for further downside with 2014.00 & 2010.00 as targets.

Comment:

A support base at 2020.00 has formed and has allowed for a temporary stabilisation.

GBP/USD Intraday: the upside prevails.

Pivot:

1.2560

Our preference:

Long positions above 1.2560 with targets at 1.2610 & 1.2630 in extension.

Alternative scenario:

Below 1.2560 look for further downside with 1.2540 & 1.2520 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

AUD/USD Intraday: bullish bias above 0.6570.

Pivot:

0.6570

Our preference:

Long positions above 0.6570 with targets at 0.6625 & 0.6645 in extension.

Alternative scenario:

Below 0.6570 look for further downside with 0.6550 & 0.6525 as targets.

Comment:

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