| EUR/USD Intraday: bullish bias above 1.115. |
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| | | Pivot: 1.115
Most Likely Scenario: long positions above 1.115 with targets @ 1.124 & 1.131 in extension.
Alternative scenario: below 1.115 look for further downside with 1.1115 & 1.107 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| GBP/USD Intraday: intraday support around 1.451. |
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| | | Pivot: 1.451
Most Likely Scenario: long positions above 1.451 with targets @ 1.461 & 1.466 in extension.
Alternative scenario: below 1.451 look for further downside with 1.448 & 1.444 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| USD/JPY Intraday: under pressure. |
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| | | Pivot: 117.35
Most Likely Scenario: short positions below 117.35 with targets @ 116.5 & 116 in extension.
Alternative scenario: above 117.35 look for further upside with 117.8 & 118.25 as targets.
Comment: as long as 117.35 is resistance, look for choppy price action with a bearish bias. Caution: The 116 daily strong supports is expected to favour a rebound.
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| AUD/USD Intraday: bullish bias above 0.715. |
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| | | Pivot: 0.715
Most Likely Scenario: long positions above 0.715 with targets @ 0.7225 & 0.7245 in extension.
Alternative scenario: below 0.715 look for further downside with 0.7115 & 0.707 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| Gold spot Intraday: the upside prevails. |
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| | | Pivot: 1147.5
Most Likely Scenario: long positions above 1147.5 with targets @ 1160 & 1166 in extension.
Alternative scenario: below 1147.5 look for further downside with 1141 & 1136.6 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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| Crude Oil (WTI) (H6) Intraday: under pressure. |
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| | | Pivot: 32.95
Most Likely Scenario: short positions below 32.95 with targets @ 30.6 & 30 in extension.
Alternative scenario: above 32.95 look for further upside with 33.6 & 34.43 as targets.
Comment: as long as 32.95 is resistance, likely decline to 30.6.
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