EUR/USD intraday: rebound.
Pivot: 1.2065.
Most Likely Scenario: LONG positions @ 1.2075 with targets @ 1.215 & 1.2175.
Alternative scenario: The downside penetration of 1.2065 will call for a slide towards 1.201 & 1.197.
Comment: the RSI is supported by a rising trend line, the pair is rebounding on its support and should post a further up move.
N
GBP/USD intraday: the upside prevails.
Pivot: 1.4650.
Most Likely Scenario: LONG positions @ 1.466 with 1.4745 & 1.4775 in sight.
Alternative scenario: The downside breakout of 1.465 will open the way to 1.461 & 1.455.
Comment: the pair remains within a ST bullish channel and is approaching its next resistance.
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USD/JPY intraday: further advance.
Pivot: 91.25.
Most Likely Scenario: LONG positions @ 91.3 with 91.7 & 92.1 in sight.
Alternative scenario: The downside penetration of 91.25 will call for 90.85 & 90.6.
Comment: the pair has broken above a declining trend line and is approaching its resistance.
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AUD/USD intraday: the upside prevails.
Pivot: 0.8385
Most Likely Scenario: Long positions above 0.8385 with targets @ 0.851 & 0.855 in extension.
Alternative scenario: Below 0.8385 look for further downside with 0.8355 & 0.831 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
