Pivot: 1.3060.
Most Likely Scenario: LONG positions @ 1.307 with targets @ 1.312 & 1.3155.
Alternative scenario: The downside penetration of 1.306 will call for 1.303 & 1.298.
Comment: the pair remains on the upside but should face a pull back on its support ahead of further advance, the RSI stands above its neutrality area.
GBP/USD INTRADAY: BULLISH BIAS ABOVE 1.496Pivot: 1.4960.
Most Likely Scenario: LONG positions above 1.496 with 1.503 & 1.5075 as next targets.
Alternative scenario: The downside breakout of 1.496 will open the way to 1.49 & 1.4865.
Comment: the pair is pulling back on its support, the RSI stands above its oversold area and is turning up.
USD/JPY INTRADAY: THE UPSIDE PREVAILS.Pivot: 94.80.
Most Likely Scenario: LONG positions above 94.8 with 95.5 & 95.75 in sight.
Alternative scenario: The downside penetration of 94.8 will call for 94.35 & 94.1.
Comment: the pair remains on the upside, a pull back should not be ruled out ahead of further advance as the RSI is overbought.
AUD/USD INTRADAY: BULLISH BIAS ABOVE 1.021.Pivot: 1.021
Most Likely Scenario: Long positions above 1.021 with targets @ 1.027 & 1.03 in extension.
Alternative scenario: Below 1.021 look for further downside with 1.0185 & 1.0155 as targets.
Comment: a support base at 1.021 has formed and has allowed for a temporary stabilisation.
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