* Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD Intraday: the bias remains bullish.
Pivot: 1.0645
Most Likely Scenario: long positions above 1.0645 with targets at 1.0690 & 1.0705 in extension.
Alternative scenario: below 1.0645 look for further downside with 1.0625 & 1.0600 as targets.
Comment: technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2460
Most Likely Scenario: long positions above 1.2460 with targets at 1.2515 & 1.2535 in extension.
Alternative scenario: below 1.2460 look for further downside with 1.2445 & 1.2420 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: a break below 110.25 would trigger a drop towards 109.95.
Pivot: 110.95
Most Likely Scenario: short positions below 110.95 with targets at 110.25 & 109.95 in extension.
Alternative scenario: above 110.95 look for further upside with 111.20 & 111.50 as targets.
Comment: a break below 110.25 would trigger a drop towards 109.95.
AUD/USD Intraday: the RSI has broken down its 30 level.
Pivot: 0.7585
Most Likely Scenario: short positions below 0.7585 with targets at 0.7510 & 0.7480 in extension.
Alternative scenario: above 0.7585 look for further upside with 0.7605 & 0.7625 as targets.
Comment: the RSI has broken down its 30 level.
Gold spot Intraday: the RSI advocates for further downside.
Pivot: 1258.90
Most Likely Scenario: short positions below 1258.90 with targets at 1249.20 & 1246.80 in extension.
Alternative scenario: above 1258.90 look for further upside with 1261.30 & 1263.50 as targets.
Comment: the RSI advocates for further downside.
Pivot: 1.0645
Most Likely Scenario: long positions above 1.0645 with targets at 1.0690 & 1.0705 in extension.
Alternative scenario: below 1.0645 look for further downside with 1.0625 & 1.0600 as targets.
Comment: technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.2460
Most Likely Scenario: long positions above 1.2460 with targets at 1.2515 & 1.2535 in extension.
Alternative scenario: below 1.2460 look for further downside with 1.2445 & 1.2420 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: a break below 110.25 would trigger a drop towards 109.95.
Pivot: 110.95
Most Likely Scenario: short positions below 110.95 with targets at 110.25 & 109.95 in extension.
Alternative scenario: above 110.95 look for further upside with 111.20 & 111.50 as targets.
Comment: a break below 110.25 would trigger a drop towards 109.95.
AUD/USD Intraday: the RSI has broken down its 30 level.
Pivot: 0.7585
Most Likely Scenario: short positions below 0.7585 with targets at 0.7510 & 0.7480 in extension.
Alternative scenario: above 0.7585 look for further upside with 0.7605 & 0.7625 as targets.
Comment: the RSI has broken down its 30 level.
Gold spot Intraday: the RSI advocates for further downside.
Pivot: 1258.90
Most Likely Scenario: short positions below 1258.90 with targets at 1249.20 & 1246.80 in extension.
Alternative scenario: above 1258.90 look for further upside with 1261.30 & 1263.50 as targets.
Comment: the RSI advocates for further downside.
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