EUR/USD intraday: the downside prevails. Pivot: 1.46
Most Likely Scenario: Short positions below 1.46 with targets @ 1.451 & 1.4455 in extension.
Alternative scenario: Above 1.46 look for further upside with 1.466 & 1.4715 as targets.
Comment: The pair remains under pressure and is challenging its support.
GBP/USD intraday: under pressure. Pivot: 1.6460
Most Likely Scenario: Short positions below 1.6460 with targets @ 1.6375 & 1.6325 in extension.
Alternative scenario: Above 1.6460 look for further upside with 1.6495 & 1.6545 as targets.
Comment: The pair stands below its new resistance and remains under pressure.
USD/JPY intraday: under pressure. Pivot: 80.7
Most Likely Scenario: Short positions below 80.7 with targets @ 80 & 79.55 in extension.
Alternative scenario: Above 80.7 look for further upside with 81 & 81.3 as targets.
Comment: The pair has struck against its bearish channel upper boundary and should face further weakness.
AUD/USD intraday: capped by a negative trend line. Pivot: 1.075
Most Likely Scenario: Short positions below 1.075 with targets @ 1.063 & 1.06 in extension.
Alternative scenario: Above 1.075 look for further upside with 1.0795 & 1.083 as targets.
Comment: The pair is posting a rebound but remains capped by a declining trend line.
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