GBP/USD Intraday: watch 1.1920.

Pivot:
1.1985

Our preference:
Short positions below 1.1985 with targets at 1.1920 & 1.1895 in extension.

Alternative scenario:
Above 1.1985 look for further upside with 1.2015 & 1.2045 as targets.

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

EUR/USD Intraday: under pressure.

Pivot:
1.0630

Our preference:
Short positions below 1.0630 with targets at 1.0575 & 1.0560 in extension.

Alternative scenario:
Above 1.0630 look for further upside with 1.0650 & 1.0670 as targets.

Comment:
A break below 1.0575 would trigger a drop towards 1.0560.

AUD/USD Intraday: rebound expected.

Pivot:
0.6705

Our preference:
Long positions above 0.6705 with targets at 0.6750 & 0.6770 in extension.

Alternative scenario:
Below 0.6705 look for further downside with 0.6690 & 0.6675 as targets.

Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.

Gold Intraday: bullish bias above 1829.00.

Pivot:
1829.00

Our preference:
Long positions above 1829.00 with targets at 1844.00 & 1849.00 in extension.

Alternative scenario:
Below 1829.00 look for further downside with 1823.00 & 1818.00 as targets.

Comment:
The RSI advocates for further advance.

USD/JPY Intraday: bullish bias above 136.20.

Pivot:
136.20

Our preference:
Long positions above 136.20 with targets at 137.10 & 137.45 in extension.

Alternative scenario:
Below 136.20 look for further downside with 135.70 & 135.25 as targets.

Comment:
A support base at 136.20 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI)‎ (J3)‎ Intraday: bullish bias above 77.20.

Pivot:
77.20

Our preference:
Long positions above 77.20 with targets at 78.50 & 79.00 in extension.

Alternative scenario:
Below 77.20 look for further downside with 76.60 & 76.10 as targets.

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