Daily Pivot Point. EUR/USD Intraday: the upside prevails.
Pivot: 1.1670
Most Likely Scenario: long positions above 1.1670 with targets at 1.1755 & 1.1800 in extension.
Alternative scenario: below 1.1670 look for further downside with 1.1630 & 1.1600 as targets.
Comment: the RSI is bullish and calls for further advance.
GBP/USD Intraday: the upside prevails.
Pivot: 1.3250
Most Likely Scenario: long positions above 1.3250 with targets at 1.3315 & 1.3350 in extension.
Alternative scenario: below 1.3250 look for further downside with 1.3220 & 1.3180 as targets.
Comment: the RSI advocates for further upside.
USD/JPY Intraday: caution.
Pivot: 109.35
Most Likely Scenario: long positions above 109.35 with targets at 109.70 & 109.85 in extension.
Alternative scenario: below 109.35 look for further downside with 109.00 & 108.70 as targets.
Comment: intraday technical indicators are mixed and call for caution.
AUD/USD Intraday: under pressure.
Pivot: 0.7425
Most Likely Scenario: short positions below 0.7425 with targets at 0.7395 & 0.7370 in extension.
Alternative scenario: above 0.7425 look for further upside with 0.7445 & 0.7460 as targets.
Comment: a break below 0.7395 would trigger a drop towards 0.7370.
Gold spot Intraday: under pressure.
Pivot: 1268.00
Most Likely Scenario: short positions below 1268.00 with targets at 1261.00 & 1257.00 in extension.
Alternative scenario: above 1268.00 look for further upside with 1273.00 & 1276.50 as targets.
Comment: the RSI advocates for further downside.
Crude Oil (WTI) (Q18) Intraday: key resistance at 68.95.
Pivot: 68.95
Most Likely Scenario: short positions below 68.95 with targets at 67.76 & 67.15 in extension.
Alternative scenario: above 68.95 look for further upside with 69.45 & 70.05 as targets.
Comment: the RSI is mixed with a bearish bias. Prices have broken below a rising trend line.
Source: Fxpro Forex Broker
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Tags : Daily Pivot Point
