Most Likely Scenario: SHORT positions below 1.3035 with targets @ 1.2955 & 1.2915.
Alternative scenario: The upside penetration of 1.3035 will call for a rebound towards 1.306 & 1.31.
Comment: the pair is rebounding but stands below its resistance, the RSI stands below its neutrality area.
GBP/USD INTRADAY: THE DOWNSIDE PREVAILS.Pivot: 1.4980.
Most Likely Scenario: SHORT positions below 1.498 with 1.4865 & 1.4835 in sight.
Alternative scenario: The upside penetration of 1.498 will call for 1.5025 & 1.5075.
Comment: the pair is posting a rebound but stands below its resistance, the RSI stands around its neutrality area.
USD/JPY INTRADAY: FURTHER UPSIDE.Pivot: 95.45.
Most Likely Scenario: LONG positions above 95.45 with targets @ 96.5 & 96.8.
Alternative scenario: The downside penetration of 95.45 will call for 94.8 & 94.35.
Comment: the pair remains on the upside and should reach its previous high, the RSI stands above its neutrality area and is turning up.
AUD/USD INTRADAY: UNDER PRESSURE.Pivot: 1.0245
Most Likely Scenario: Short positions below 1.0245 with targets @ 1.02 & 1.0185 in extension.
Alternative scenario: Above 1.0245 look for further upside with 1.028 & 1.03 as targets.
Comment: the pair remains under pressure and is challenging its support, the RSI stands below its neutrality area.
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