Pivot: 1.3845
Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: the RSI lacks upward momentum. The intraday process of lower lows and lower tops is still in place. As a consequence, the intraday trend remains bearish.
GBP/USD Intraday: under pressure.
Pivot: 1.656
Most Likely Scenario: Short positions below 1.656 with targets @ 1.6475 & 1.643 in extension.
Alternative scenario: Above 1.656 look for further upside with 1.6605 & 1.665 as targets.
Comment: as long as 1.656 is resistance, likely decline to 1.6475.
USD/JPY Intraday: bullish bias above 101.75.
Pivot: 101.75
Most Likely Scenario: Long positions above 101.75 with targets @ 102.85 & 103.15 in extension.
Alternative scenario: Below 101.75 look for further downside with 101.2 & 100.65 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair is drawing a Bullish Flag pattern calling for further upside.
AUD/USD Intraday: key resistance at 0.9095.
Pivot: 0.9095
Most Likely Scenario: Short positions below 0.9095 with targets @ 0.899 & 0.8965 in extension.
Alternative scenario: Above 0.9095 look for further upside with 0.914 & 0.9205 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.9095.
No comments:
Post a Comment