Daily Pivot Point

EUR/USD Intraday: rebound.

Pivot: 1.1845

Most Likely Scenario: long positions above 1.1845 with targets at 1.1900 & 1.1920 in extension.

Alternative scenario: below 1.1845 looks for further downside with 1.1830 & 1.1815 as targets.

Comment: the RSI shows upside momentum.

GBP/USD Intraday: consolidation.

Pivot: 1.3390

Most Likely Scenario: short positions below 1.3390 with targets at 1.3360 & 1.3345 in extension.

Alternative scenario: above 1.3390 looks for further upside with 1.3420 & 1.3445 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3390.

USD/JPY Intraday: key resistance at 113.40.

Pivot: 113.40

Most Likely Scenario: short positions below 113.40 with targets at 113.10 & 112.90 in extension.

Alternative scenario: above 113.40 looks for further upside with 113.65 & 113.85 as targets.

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

AUD/USD Intraday: the upside prevails.
Pivot: 0.7710

Most Likely Scenario: long positions above 0.7710 with targets at 0.7750 & 0.7770 in extension.

Alternative scenario: below 0.7710 look for further downside with 0.7695 & 0.7680 as targets.

Comment: the RSI shows upside momentum.

Gold spot Intraday: further advance.
Pivot: 1276.50

Most Likely Scenario: long positions above 1276.50 with targets at 1285.00 & 1290.00 in extension.

Alternative scenario: below 1276.50 looks further downside with 1273.00 & 1269.00 as targets.

Comment: the RSI lacks downward momentum.

Crude Oil (WTI) (G18) Intraday: the bias remains bullish.

Pivot: 59.00

Most Likely Scenario: long positions above 59.00 with targets at 60.00 & 60.50 in extension.

Alternative scenario: below 59.00 looks for further downside with 58.65 & 58.30 as targets.

Comment: technically the RSI is above its neutrality area at 50. The process of higher highs and lows remains intact on the prices, which should confirm a bullish outlook.

Source: Fxpro Forex Broker