11.6.10 2nd analysis

EUR/USD intraday: the upside prevails.
Pivot: 1.209

Most Likely Scenario: Long positions above 1.209 with targets @ 1.2175 & 1.222 in extension.

Alternative scenario: Below 1.209 look for further downside with 1.2065 & 1.201 as targets.

Comment: the pair is rebounding on its bullish channel lower boundary and should post a further up move.


GBP/USD intraday: caution.
Pivot: 1.461

Most Likely Scenario: Long positions above 1.461 with targets @ 1.47 & 1.4745 in extension.

Alternative scenario: Below 1.461 look for further downside with 1.455 & 1.451 as targets.

Comment: the pair is pulling back on its support, the RSI is mixed and calls for caution.


USD/JPY intraday: intraday support around 91.25.
Pivot: 91.25

Most Likely Scenario: Long positions above 91.25 with targets @ 92.1 & 92.35 in extension.

Alternative scenario: Below 91.25 look for further downside with 90.85 & 90.6 as targets.

Comment: the pair stands above its support, the RSI is well directed.


AUD/USD intraday: supported by a rising trend line.
Pivot: 0.841

Most Likely Scenario: Long positions above 0.841 with targets @ 0.851 & 0.855 in extension.

Alternative scenario: Below 0.841 look for further downside with 0.8355 & 0.831 as targets.

Comment: the RSI has just landed on a support around 30% and is reversing up.