EUR/USD intraday: the upside prevails.
Pivot: 1.3690.
Most Likely Scenario: LONG positions above 1.369 with 1.383 & 1.3875 in sight.
Alternative scenario: The downside penetration of 1.369 will call for 1.3615 & 1.357.
Comment: the pair stands within a bullish channel and remains on the upside.
Trend: ST Consolidation; MT Bearish
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| GBP/USD intraday: the upside prevails. |
Pivot: 1.5690.
Most Likely Scenario: LONG positions above 1.569 with 1.58 & 1.5855 as next targets.
Alternative scenario: The downside penetration of 1.569 will call for a slide towards 1.565 & 1.561.
Comment: the pair is pulling back on its support ahead of further up move.
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| USD/JPY intraday: caution. |
Pivot: 76.95.
Most Likely Scenario: LONG positions above 76.95 with targets @ 77.2 & 77.4.
Alternative scenario: The downside breakout of 76.95 will open the way to 76.75 & 76.5.
Comment: the pair is challenging its new support, caution.
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| AUD/USD intraday: limited upside. |
Pivot: 1.01
Most Likely Scenario: Long positions above 1.01 with targets @ 1.026 & 1.0315 in extension.
Alternative scenario: Below 1.01 look for further downside with 1.002 & 0.9975 as targets.
Comment: the pair is challenging its bullish channel resistance.
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| GOLD (Spot) intraday: the bias remains bullish. |
Pivot: 1655.00
Most Likely Scenario: LONG positions above 1655 with targets @ 1692 & 1715.
Alternative scenario: The downside breakout of 1655 will open the way to 1640 & 1630.
Comment: the price remains in a bullish channel.
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| Crude Oil (Dec 11) intraday: further upside. |
Pivot: 84.00
Most Likely Scenario: LONG positions above 84 with 85.65 & 86.75 in sight.
Alternative scenario: The downside penetration of 84 will call for a slide towards 82 & 81.5.
Comment: a support base at 84 has formed and has allowed for a temporary stabilisation.
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