GBP/USD Intraday: consolidation in place.

Pivot:
1.2160

Our preference:
Short positions below 1.2160 with targets at 1.2090 & 1.2060 in extension.

Alternative scenario:
Above 1.2160 look for further upside with 1.2190 & 1.2220 as targets.

Comment:
As long as 1.2160 is resistance, look for choppy price action with a bearish bias.

EUR/USD Intraday: towards 1.0690.

Pivot:
1.0770

Our preference:
Short positions below 1.0770 with targets at 1.0710 & 1.0690 in extension.

Alternative scenario:
Above 1.0770 look for further upside with 1.0790 & 1.0810 as targets.

Comment:
The RSI advocates for further downside.

AUD/USD Intraday: watch 0.6900.

Pivot:
0.6970

Our preference:
Short positions below 0.6970 with targets at 0.6920 & 0.6900 in extension.

Alternative scenario:
Above 0.6970 look for further upside with 0.6990 & 0.7010 as targets.

Comment:
The RSI is bearish and calls for further downside.

Gold Intraday: under pressure.

Pivot:
1875.00

Our preference:
Short positions below 1875.00 with targets at 1852.00 & 1844.00 in extension.

Alternative scenario:
Above 1875.00 look for further upside with 1883.00 & 1890.00 as targets.

Comment:
The RSI is bearish and calls for further decline.

USD/JPY Intraday: expect 132.20.

Pivot:
130.80

Our preference:
Long positions above 130.80 with targets at 131.80 & 132.20 in extension.

Alternative scenario:
Below 130.80 look for further downside with 130.35 & 130.00 as targets.

Comment:
The RSI is bullish and calls for further advance.

Crude Oil (WTI)‎ (H3)‎ Intraday: consolidation in place.

Pivot:
78.20

Our preference:
Short positions below 78.20 with targets at 77.15 & 76.50 in extension.

Alternative scenario:
Above 78.20 look for further upside with 78.80 & 79.60 as targets.

Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.