EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY AUD/USD CAC 40 DAX
Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD intraday: bullish bias above 1.3265

Pivot: 1.3265.

Our preference: LONG positions above 1.3265 with targets @ 1.3345 & 1.338.

Alternative scenario: The downside penetration of 1.3265 will call for a slide towards 1.323 & 1.3195.

Comment: the pair remains on the upside and is approaching its strong resistance.

GBP/USD intraday: caution.

Pivot: 1.5315.

Our preference: LONG positions above 1.5315 with 1.539 & 1.5415 as next targets.

Alternative scenario: The downside penetration of 1.5315 will call for a slide towards 1.526 & 1.522.

Comment: the pair is facing a pull back and is challenging its support, caution.

USD/JPY intraday: the downside prevails.

Pivot: 97.80.

Our preference: SHORT positions below 97.8 with 96.75 & 96.2 in sight.

Alternative scenario: The upside penetration of 97.8 will call for a rebound towards 98.15 & 98.6.

Comment: the pair has broken below its support and remains on the downside.

EUR/JPY intraday: under pressure.

Pivot: 130.15

Our preference: Short @ 130 with targets @ 128.85 & 128.35 in extension.

Alternative scenario: Above 130.15 look for further upside with 130.9 & 131.55 as targets.

Comment: as long as 130.15 is resistance, look for choppy price action with a bearish bias.

GBP/JPY intraday: the downside prevails.

Pivot: 150.2

Our preference: Short @ 150 with targets @ 148.6 & 148.15 in extension.

Alternative scenario: Above 150.2 look for further upside with 150.7 & 151.6 as targets.

Comment: the pair stands below its new resistance and remains under pressure.

AUD/USD intraday: bullish bias above 0.8905.

Pivot: 0.8905

Our preference: Long positions above 0.8905 with targets @ 0.901 & 0.9075 in extension.

Alternative scenario: Below 0.8905 look for further downside with 0.8845 & 0.881 as targets.

Comment: the pair is drawing a consolidation in a downward sloping channel above a former bearish channel resistance (now acting as a support area).

Cac 40 (Aug 13) intraday: consolidation.

Pivot: 4070

Our preference: SHORT positions below 4070 with 4000 & 3965 in sight.

Alternative scenario: The upside penetration of 4070 will call for 4100 & 4140.

Comment : Prices pushed below the lower boundary of a symmetrical triangle pattern

Dax (Sep 13) intraday: consolidation.

Pivot: 8435

Our preference: SHORT positions below 8435 with targets @ 8220 & 8140.

Alternative scenario: The upside penetration of 8435 will call for a rebound towards 8465 & 8530.

Comment: the RSI is badly directed.

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