Daily Pivot Point Analysis – EUR/USD Intraday: the bias remains bullish.
Pivot: 1.2225
Most Likely Scenario: long positions above 1.2225 with targets at 1.2295 & 1.2320 in extension.
Alternative scenario: below 1.2225 look for further downside with 1.2190 & 1.2150 as targets.
Comment: the RSI shows upside momentum.
GBP/USD Intraday: rebound.
Pivot: 1.3715
Most Likely Scenario: long positions above 1.3715 with targets at 1.3825 & 1.3870 in extension.
Alternative scenario: below 1.3715 look for further downside with 1.3665 & 1.3615 as targets.
Comment: the RSI shows upside momentum.
USD/JPY Intraday: the downside prevails.
Pivot: 106.55
Most Likely Scenario: short positions below 106.55 with targets at 105.50 & 105.10 in extension.
Alternative scenario: above 106.55 look for further upside with 106.85 & 107.20 as targets.
Comment: the RSI shows downside momentum.
AUD/USD Intraday: the bias remains bullish.
Pivot: 0.7710
Most Likely Scenario: long positions above 0.7710 with targets at 0.7780 & 0.7815 in extension.
Alternative scenario: below 0.7710 look for further downside with 0.7680 & 0.7645 as targets.
Comment: the RSI shows upside momentum.
Gold spot Intraday: rebound expected.
Pivot: 1311.00
Most Likely Scenario: long positions above 1311.00 with targets at 1325.50 & 1330.00 in extension.
Alternative scenario: below 1311.00 look for further downside with 1304.00 & 1298.00 as targets.
Comment: the RSI is mixed to bullish.
Crude Oil (WTI) (J18) Intraday: the downside prevails.
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Pivot: 61.55
Most Likely Scenario: short positions below 61.55 with targets at 60.55 & 60.15 in extension.
Alternative scenario: above 61.55 look for further upside with 62.35 & 62.95 as targets.
Comment: the RSI is mixed with a bearish bias. The upward potential is likely to be limited by the resistance at 61.55.
Source:Fxpro Broker
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Tags : Daily Pivot Point Analysis
