EUR/USD intraday: the downside prevails. Pivot: 1.4215.
Most Likely Scenario: SHORT positions @ 1.4205 with 1.4065 & 1.4025 in sight.
Alternative scenario: The upside penetration of 1.4215 will call for a rebound towards 1.4265 & 1.4325.
Comment: The pair has struck against its resistance and should face further weakness as the RSI remains capped by a MT declining trend line. Trend: ST Ltd Upside; MT Range
GBP/USD intraday: under pressure. Pivot: 1.6175.
Most Likely Scenario: SHORT positions @ 1.6165 with 1.6075 & 1.602 as next targets.
Alternative scenario: The upside penetration of 1.6175 will call for a rebound towards 1.6225 & 1.6285.
Comment: The pair has broken below a bearish flag lower boundary and should face further weakness.
USD/JPY intraday: under pressure. Pivot: 80.90.
Most Likely Scenario: SHORT positions @ 80.85 with 80.45 & 80.25 in sight.
Alternative scenario: The upside penetration of 80.9 will call for 81.1 & 81.35.
Comment: The pair is under pressure and is challenging its support.
AUD/USD intraday: key ST resistance at 1.0595. Pivot: 1.0595
Most Likely Scenario: Short positions below 1.0595 with targets @ 1.0525 & 1.0475 in extension.
Alternative scenario: Above 1.0595 look for further upside with 1.0625 & 1.065 as targets.
Comment: The upward potential is likely to be limited by the resistance at 1.0595.
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