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Pivot: 1.1890
Most Likely Scenario: long positions above 1.1890 with targets at 1.1955 & 1.1990 in extension.
Alternative scenario: below 1.1890 look for further downside with 1.1865 & 1.1835 as targets.
Comment: the RSI shows upside momentum.
GBP/USD Intraday: further upside.
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Pivot: 1.3405
Most Likely Scenario: long positions above 1.3405 with targets at 1.3640 & 1.3705 in extension.
Alternative scenario: below 1.3405 look for further downside with 1.3340 & 1.3305 as targets.
Comment: the RSI is bullish and calls for further advance.
USD/JPY Intraday: the bias remains bullish.
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Pivot: 110.20
Most Likely Scenario: long positions above 110.20 with targets at 111.05 & 111.30 in extension.
Alternative scenario: below 110.20 look for further downside with 109.85 & 109.50 as targets.
Comment: the RSI shows upside momentum.
AUD/USD Intraday: rebound.
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Pivot: 0.7980
Most Likely Scenario: long positions above 0.7980 with targets at 0.8045 & 0.8060 in extension.
Alternative scenario: below 0.7980 look for further downside with 0.7955 & 0.7940 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: bullish bias above 1324.00.
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Pivot: 1324.00
Most Likely Scenario: long positions above 1324.00 with targets at 1335.00 & 1340.00 in extension.
Alternative scenario: below 1324.00 look for further downside with 1315.00 & 1308.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (V7) Intraday: turning down.
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Pivot: 50.10
Most Likely Scenario: short positions below 50.10 with targets at 49.15 & 48.75 in extension.
Alternative scenario: above 50.10 look for further upside with 50.50 & 50.85 as targets.
Comment: the RSI broke below a rising trend line.