EUR/USD intraday: the upside prevails. Pivot: 1.4365
Most Likely Scenario: Long positions above 1.4365 with targets @ 1.45 & 1.4555 in extension.
Alternative scenario: Below 1.4365 look for further downside with 1.432 & 1.425 as targets.
Comment: The pair remains on the upside and is challenging its resistance, the RSI is well directed.
GBP/USD intraday: the upside prevails. Pivot: 1.635
Most Likely Scenario: Long positions above 1.635 with targets @ 1.645 & 1.6475 in extension.
Alternative scenario: Below 1.635 look for further downside with 1.6315 & 1.628 as targets.
Comment: The pair has struck against its resistance and is pulling back on its new support, the RSI is mixed to bullish.
USD/JPY intraday: under pressure. Pivot: 80.5
Most Likely Scenario: Short positions below 80.5 with targets @ 80.1 & 80 in extension.
Alternative scenario: Above 80.5 look for further upside with 80.7 & 80.9 as targets.
Comment: The pair remains under pressure and is challenging its support.
AUD/USD intraday: rebound. Pivot: 1.0575
Most Likely Scenario: Long positions above 1.0575 with targets @ 1.07 & 1.0755 in extension.
Alternative scenario: Below 1.0575 look for further downside with 1.0525 & 1.0475 as targets.
Comment: The pair has broken above its bearish channel upper boundary and remains on the upside.
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