Most Likely Scenario: LONG positions @ 1.2995 with 1.3075 & 1.31 as next targets.
Alternative scenario: The downside breakout of 1.2985 will open the way to 1.2955 & 1.2915.
Comment: the pair stands above its support and remains on the upside, the RSI stands above its neutrality area and is turning up.
GBP/USD INTRADAY: THE UPSIDE PREVAILS.Pivot: 1.4885.
Most Likely Scenario: LONG positions @ 1.4895 with targets @ 1.496 & 1.498.
Alternative scenario: The downside penetration of 1.4885 will call for 1.483 & 1.479.
Comment: the pair has broken above its resistance and should post further advance as the RSI is well directed and not yet overbought.
USD/JPY INTRADAY: UNDER PRESSURE.Pivot: 96.30.
Most Likely Scenario: SHORT positions @ 96.2 with targets @ 95.45 & 95.05.
Alternative scenario: The upside penetration of 96.3 will call for a rebound towards 96.7 & 97.
Comment: the pair remains under pressure and is breaking below its support, the RSI stands below its neutrality area and is badly directed.
AUD/USD INTRADAY: THE BIAS REMAINS BULLISH.Pivot: 1.0285
Most Likely Scenario: Long positions above 1.0285 with targets @ 1.034 & 1.0365 in extension.
Alternative scenario: Below 1.0285 look for further downside with 1.0255 & 1.0235 as targets.
Comment: the pair is facing a pull back on its new support (former resistance) ahead of further advance.
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