Most Likely Scenario: SHORT positions below 1.309 with targets @ 1.303 & 1.2995.
Alternative scenario: The upside penetration of 1.309 will call for 1.312 & 1.316.
Comment: the pair has validated a rising wedge and is posting a pull back on its new resistance ahead of further weakness.
GBP/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.5360.
Most Likely Scenario: SHORT positions below 1.536 with 1.5285 & 1.5245 as next targets.
Alternative scenario: The upside penetration of 1.536 will call for a rebound towards 1.541 & 1.545.
Comment: the pair is posting a rebound but stands below its strong resistance, the RSI stands around its neutrality area.
USD/JPY INTRADAY: INTRADAY SUPPORT AROUND 98.9
Pivot: 98.90.
Most Likely Scenario: LONG positions @ 99 with 100 & 100.8 in sight.
Alternative scenario: The downside penetration of 98.9 will call for a slide towards 98 & 97.15.
Comment: the pair remains on the upside and is approaching its previous high.
AUD/USD INTRADAY: REBOUND.
Pivot: 1.05
Most Likely Scenario: Long positions above 1.05 with targets @ 1.055 & 1.0575 in extension.
Alternative scenario: Below 1.05 look for further downside with 1.0465 & 1.0445 as targets.
Comment: the pair is rebounding on its support as the RSI is reversing up.
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