EUR/USD intraday: under pressure.
Pivot: 1.2010.
Most Likely Scenario: SHORT positions @ 1.2 with 1.19 & 1.1875 in sight.
Alternative scenario: The upside penetration of 1.201 will call for a rebound towards 1.208 & 1.211.
Comment: the pair stands below its resistance as the RSI is badly directed.
GBP/USD intraday: capped by a negative trend line.
Pivot: 1.4480.
Most Likely Scenario: SHORT positions @ 1.447 with 1.438 & 1.4345 as next targets.
Alternative scenario: The upside penetration of 1.448 will call for a rebound towards 1.4525 & 1.4555.
Comment: the pair is rebounding but remains capped by a MT declining trend line, the RSI is mixed to bearish.
USD/JPY intraday: capped by a negative trend line.
Pivot: 91.70.
Most Likely Scenario: SHORT positions @ 91.65 with 91.2 & 90.85 in sight.
Alternative scenario: The upside penetration of 91.7 will call for 92.1 & 92.35.
Comment: the pair is capped by a declining trend line but the RSI is mixed and calls for caution.
AUD/USD intraday: watch 0.83.
Pivot: 0.817
Most Likely Scenario: Long positions above 0.817 with targets @ 0.8285 & 0.83 in extension.
Alternative scenario: Below 0.817 look for further downside with 0.813 & 0.8065 as targets.
Comment: the immediate trend remains up but the momentum is weak.
