Pivot:
1.2095
Our preference:
Short positions below 1.2095 with targets at 1.2055 & 1.2045 in extension.
Alternative scenario:
Above 1.2095 look for further upside with 1.2115 & 1.2130 as targets.
Comment:
As long as the resistance at 1.2095 is not surpassed, the risk of the break below 1.2055 remains high.
GBP/USD Intraday: under pressure.
Pivot:
1.3900
Our preference:
Short positions below 1.3900 with targets at 1.3860 & 1.3840 in extension.
Alternative scenario:
Above 1.3900 look for further upside with 1.3930 & 1.3950 as targets.
Comment:
The RSI shows downside momentum.
AUD/USD Intraday: under pressure.
Pivot:
0.7770
Our preference:
Short positions below 0.7770 with targets at 0.7720 & 0.7700 in extension.
Alternative scenario:
Above 0.7770 look for further upside with 0.7785 & 0.7800 as targets.
Comment:
The RSI shows downside momentum.
Gold Intraday: key resistance at 1780.00.
Pivot:
1780.00
Our preference:
Short positions below 1780.00 with targets at 1766.00 & 1760.00 in extension.
Alternative scenario:
Above 1780.00 look for further upside with 1785.00 & 1789.00 as targets.
Comment:
As long as 1780.00 is resistance, look for choppy price action with a bearish bias.
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