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Pivot: 1.0630
Most Likely Scenario: short positions below 1.0630 with targets at 1.0590 & 1.0570 in extension.
Alternative scenario: above 1.0630 look for further upside with 1.0650 & 1.0670 as targets.
Comment: as long as 1.0630 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: the upside prevails.
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Pivot: 1.2505
Most Likely Scenario: long positions above 1.2505 with targets at 1.2560 & 1.2580 in extension.
Alternative scenario: below 1.2505 look for further downside with 1.2490 & 1.2465 as targets.
Comment: the RSI shows upside momentum.
USD/JPY Intraday: under pressure.
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Pivot: 113.85
Most Likely Scenario: short positions below 113.85 with targets at 113.10 & 112.80 in extension.
Alternative scenario: above 113.85 look for further upside with 114.20 & 114.60 as targets.
Comment: the RSI shows downside momentum.
AUD/USD Intraday: the upside prevails.
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Pivot: 0.7635
Most Likely Scenario: long positions above 0.7635 with targets at 0.7690 & 0.7710 in extension.
Alternative scenario: below 0.7635 look for further downside with 0.7620 & 0.7605 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: further advance.
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Pivot: 1224.50
Most Likely Scenario: long positions above 1224.50 with targets at 1234.00 & 1237.00 in extension.
Alternative scenario: below 1224.50 look for further downside with 1219.00 & 1215.00 as targets.
Comment: the RSI shows upside momentum.
Crude Oil (WTI) (H7) Intraday: rebound in sight.
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Pivot: 52.76
Most Likely Scenario: long positions above 52.76 with targets at 53.40 & 53.70 in extension.
Alternative scenario: below 52.76 look for further downside with 52.29 & 52.00 as targets.
Comment: the RSI broke above a bearish trend line.