EUR/USD intraday: the upside prevails.
Pivot: 1.3570.
Most Likely Scenario: LONG positions above 1.357 with 1.3665 & 1.3705 as next targets.
Alternative scenario: The downside breakout of 1.357 will open the way to 1.352 & 1.347.
Comment: the pair stands above its new support and remains on the upside.
Trend: ST Consolidation; MT Bearish
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| GBP/USD intraday: intraday support around 1.553 |
Pivot: 1.5530.
Most Likely Scenario: LONG positions above 1.553 with 1.561 & 1.5665 in sight.
Alternative scenario: The downside penetration of 1.553 will call for 1.55 & 1.5475.
Comment: the RSI is breaking above a declining trend line, the pair should rebound on its support.
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| USD/JPY intraday: under pressure. |
Pivot: 76.90.
Most Likely Scenario: SHORT positions @ 76.85 with 76.5 & 76.3 in sight.
Alternative scenario: The upside penetration of 76.9 will call for a rebound towards 77.1 & 77.2.
Comment: the pair remains under pressure and is challenging its support.
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| AUD/USD intraday: intraday support around 0.985. |
Pivot: 0.985
Most Likely Scenario: Long positions above 0.985 with targets @ 1 & 1.005 in extension.
Alternative scenario: Below 0.985 look for further downside with 0.978 & 0.9725 as targets.
Comment: the RSI lacks downward momentum.
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| GOLD (Spot) intraday: the bias remains bullish. |
Pivot: 1650.00
Most Likely Scenario: LONG positions above 1650 with 1685 & 1700 as next targets.
Alternative scenario: The downside penetration of 1650 will call for 1630 & 1600.
Comment: the price remains in a bullish channel.
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| Crude Oil (Nov 11) intraday: further upside. |
Pivot: 84.00
Most Likely Scenario: LONG positions above 84 with 86.25 & 87.95 in sight.
Alternative scenario: The downside penetration of 84 will call for a slide towards 81.5 & 80.
Comment: the price is challenging its bullish channel support.
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