EUR/USD intraday: the downside prevails. Pivot: 1.4445.
Most Likely Scenario: SHORT positions below 1.4445 with 1.425 & 1.416 in sight.
Alternative scenario: The upside penetration of 1.4445 will call for 1.451 & 1.4575.
Comment: the pair has broken below a ST rising trend line.
Trend: ST Ltd Upside; MT Range
GBP/USD intraday: continuation of the rebound. Pivot: 1.6350.
Most Likely Scenario: LONG positions @ 1.636 with 1.6435 & 1.6465 as next targets.
Alternative scenario: The downside penetration of 1.635 will call for 1.6305 & 1.627.
Comment: the pair has broken above a ST declining trend line.
USD/JPY intraday: capped by a negative trend line. Pivot: 80.85.
Most Likely Scenario: SHORT positions @ 80.75 with targets @ 80.15 & 79.85.
Alternative scenario: The upside breakout of 80.85 will open the way to 81.3 & 81.7.
Comment: the pair is capped by a declining trend line.
AUD/USD intraday: the bias remains bullish. Pivot: 1.0705
Most Likely Scenario: Long positions above 1.0705 with targets @ 1.0815 & 1.0875 in extension.
Alternative scenario: Below 1.0705 look for further downside with 1.0635 & 1.06 as targets.
Comment: the pair has struck against its resistance and is facing a pull back ahead of a rebound.
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