EUR/USD intraday: the upside prevails. Pivot: 1.4210.
Most Likely Scenario: LONG positions @ 1.422 with 1.435 & 1.4425 as next targets.
Alternative scenario: The downside penetration of 1.421 will call for a slide towards 1.415 & 1.4125.
Comment: the RSI is turning up, the pair stands above its support and should post a further up move.
Trend: ST Ltd Upside; MT Range
GBP/USD intraday: the upside prevails. Pivot: 1.6420
Most Likely Scenario: Long positions above 1.6420 with targets @ 1.6510 & 1.6545 in extension.
Alternative scenario: Below 1.6420 look for further downside with 1.6380 & 1.633 as targets.
Comment: the 50-simple MA maintains a bullish bias.
USD/JPY intraday: under pressure. Pivot: 81.30.
Most Likely Scenario: SHORT positions @ 81.25 with 80.7 & 80.5 in sight.
Alternative scenario: The upside penetration of 81.3 will call for a rebound towards 81.65 & 81.8.
Comment: the pair is on the downside and is approaching its previous low, the RSI is capped by a declining trend line.
AUD/USD intraday: caution. Pivot: 1.065
Most Likely Scenario: Long positions above 1.065 with targets @ 1.072 & 1.078 in extension.
Alternative scenario: Below 1.065 look for further downside with 1.0615 & 1.0585 as targets.
Comment: a support base at 1.065 has formed and has allowed for a temporary stabilisation.
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