EUR/USD Pivot Point
Most Likely Scenario: Short positions below 1.1215 with targets @ 1.1155 & 1.1105 in extension.
Alternative scenario: Above 1.1215 look for further upside with 1.126 & 1.1295 as targets.
Comment: As long as the resistance at 1.1215 is not surpassed, the risk of the break below 1.1155 remains high.
GBP/USD Pivot Point
GBP/USD Intraday: key resistance at 1.524.
Most Likely Scenario: Short positions below 1.524 with targets @ 1.513 & 1.509 in extension.
Alternative scenario: Above 1.524 look for further upside with 1.5285 & 1.5355 as targets.
Comment: The upward potential is likely to be limited by the resistance at 1.524.
USD/JPY Pivot Point
USD/JPY Intraday: under pressure.
Most Likely Scenario: Short positions below 120.65 with targets @ 120.05 & 119.85 in extension.
Alternative scenario: Above 120.65 look for further upside with 120.9 & 121.25 as targets.
Comment: The RSI is badly directed.
AUD/USD Pivot Point
AUD/USD Intraday: the bias remains bullish.
Most Likely Scenario: Long positions above 0.698 with targets @ 0.706 & 0.709 in extension.
Alternative scenario: Below 0.698 look for further downside with 0.6935 & 0.69 as targets.
Comment: The RSI lacks downward momentum. The pair has broken above a declining trend line and remains on the upside.
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