EUR/USD intraday: the upside prevails. Pivot: 1.477
Most Likely Scenario: Long positions above 1.477 with targets @ 1.489 & 1.495 in extension.
Alternative scenario: Below 1.477 look for further downside with 1.471 & 1.465 as targets.
Comment: the pair has rebounded on its support and is challenging its resistance.
GBP/USD intraday: rebound. Pivot: 1.645
Most Likely Scenario: Long positions above 1.645 with targets @ 1.6555 & 1.66 in extension.
Alternative scenario: Below 1.645 look for further downside with 1.6385 & 1.633 as targets.
Comment: the RSI has broken above a declining trend line, the pair is rebounding on its support and should post further advance.
USD/JPY intraday: under pressure. Pivot: 81.25
Most Likely Scenario: Short positions below 81.25 with targets @ 80.7 & 80.3 in extension.
Alternative scenario: Above 81.25 look for further upside with 81.45 & 81.7 as targets.
Comment: the pair stands below its new resistance and should face a weakness.
AUD/USD intraday: further advance. Pivot: 1.079
Most Likely Scenario: Long positions above 1.079 with targets @ 1.09 & 1.0935 in extension.
Alternative scenario: Below 1.079 look for further downside with 1.0725 & 1.0675 as targets.
Comment: the pair is challenging its bullish flag upper boundary, the RSI is well directed.
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