EUR/USD Intraday: further upside.

Pivot:

0.9910

Our preference:

Long positions above 0.9910 with targets at 0.9990 & 1.0020 in extension.

Alternative scenario:

Below 0.9910 look for further downside with 0.9880 & 0.9850 as targets.

Comment:

The RSI is bullish and calls for further advance.

Gold Intraday: bullish bias above 1644.00.

Pivot:

1644.00

Our preference:

Long positions above 1644.00 with targets at 1662.00 & 1670.00 in extension.

Alternative scenario:

Below 1644.00 look for further downside with 1634.00 & 1624.00 as targets.

Comment: 

The RSI is mixed with a bullish bias.

Crude Oil (WTI)‎ (Z2)‎ Intraday: range.

Pivot:

84.30

Our preference:

Long positions above 84.30 with targets at 85.55 & 86.00 in extension.

Alternative scenario:

Below 84.30 look for further downside with 83.60 & 83.10 as targets.

Comment:

Intraday technical indicators are mixed.

GBP/USD Intraday: watch 1.1550.

Pivot:

1.1400

Our preference:

Long positions above 1.1400 with targets at 1.1500 & 1.1550 in extension.

Alternative scenario:

Below 1.1400 look for further downside with 1.1350 & 1.1300 as targets.

Comment:

The RSI advocates for further upside.

USD/JPY Intraday: towards 147.00.

Pivot:

148.60

Our preference:

Short positions below 148.60 with targets at 147.50 & 147.00 in extension.

Alternative scenario:

Above 148.60 look for further upside with 149.00 & 149.40 as targets.

Comment:

As long as the resistance at 148.60 is not surpassed, the risk of the break below 147.50 remains high.

AUD/USD Intraday: bullish bias above 0.6340.

Pivot:

0.6340

Our preference:

Long positions above 0.6340 with targets at 0.6410 & 0.6430 in extension.

Alternative scenario:

Below 0.6340 look for further downside with 0.6320 & 0.6300 as targets.

Comment:

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