2nd Analysis 7.6.10

EUR/USD intraday: under pressure.
Pivot: 1.202

Most Likely Scenario: Short positions below 1.202 with targets @ 1.1865 & 1.1825 in extension.

Alternative scenario: Above 1.202 look for further upside with 1.208 & 1.215 as targets.

Comment: the pair has struck against its resistance as its intraday RSI is turning down.


GBP/USD intraday: the downside prevails.
Pivot: 1.4525

Most Likely Scenario: Short positions below 1.4525 with targets @ 1.4445 & 1.4385 in extension.

Alternative scenario: Above 1.4525 look for further upside with 1.4555 & 1.4605 as targets.

Comment: the RSI is turning down, the pair stands below its resistance.


USD/JPY intraday: rebound.
Pivot: 91.4

Most Likely Scenario: Long positions above 91.4 with targets @ 92 & 92.35 in extension.

Alternative scenario: Below 91.4 look for further downside with 91.05 & 90.6 as targets.

Comment: the RSI is well directed, the pair is challenging its resistance.


AUD/USD intraday: the downside prevails.
Pivot: 0.82

Most Likely Scenario: Short positions below 0.82 with targets @ 0.8125 & 0.8095 in extension.

Alternative scenario: Above 0.82 look for further upside with 0.8275 & 0.83 as targets.

Comment: the RSI is mixed with a bearish bias.