Most Likely Scenario: Long positions above 1.301 with targets @ 1.3075 & 1.31 in extension.
Alternative scenario: Below 1.301 look for further downside with 1.2985 & 1.2955 as targets.
Comment: the pair is posting a rebound on its support, the RSI stands around its neutrality area.
GBP/USD INTRADAY: THE UPSIDE PREVAILS.Pivot: 1.4885
Most Likely Scenario: Long positions above 1.4885 with targets @ 1.498 & 1.501 in extension.
Alternative scenario: Below 1.4885 look for further downside with 1.485 & 1.483 as targets.
Comment: the pair has broken above a declining trend line and is challenging its resistance.
USD/JPY INTRADAY: UNDER PRESSURE.Pivot: 96.3
Most Likely Scenario: Short positions below 96.3 with targets @ 95.45 & 95.05 in extension.
Alternative scenario: Above 96.3 look for further upside with 96.7 & 97 as targets.
Comment: the pair is posting a rebound but stands below its resistance.
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 has struck against its resistance and is facing a pull back on its support.
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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 has struck against its resistance and is facing a pull back on its support.
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