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: the upside prevails.

Pivot: 1.3345.

Our preference: LONG positions above 1.3345 with targets @ 1.3415 & 1.345.

Alternative scenario: The downside breakout of 1.3345 will open the way to 1.331 & 1.329.

Comment: the pair is approaching our MT pivot point set at 1.3415, caution. The upside breakout of this level would trigger a bullish acceleration.

GBP/USD intraday: the upside prevails.

Pivot: 1.5480.

Our preference: LONG positions above 1.548 with 1.5595 & 1.5675 as next targets.

Alternative scenario: The downside penetration of 1.548 will call for a slide towards 1.5435 & 1.5385.

Comment: the pair stands above its support and remains on the upside, the RSI stands above its neutrality area.

USD/JPY intraday: key ST resistance at 96.9

Pivot: 96.90.

Our preference: SHORT positions below 96.9 with targets @ 95.7 & 95.15.

Alternative scenario: The upside penetration of 96.9 will call for a rebound towards 97.45 & 97.8.

Comment: the pair failed to break above its key resistance and remains on the downside.

EUR/JPY intraday: rebound expected.

Pivot: 128.7

Our preference: Long @ 128.85 with targets @ 129.75 & 130.15 in extension.

Alternative scenario: Below 128.7 look for further downside with 128.15 & 127.45 as targets.

Comment: the pair is pulling back on its new support ahead of a rebound.

GBP/JPY intraday: rebound expected.

Pivot: 149.4

Our preference: Long positions above 149.4 with targets @ 150.65 & 151 in extension.

Alternative scenario: Below 149.4 look for further downside with 148.85 & 148.2 as targets.

Comment: the pair is pulling back on its new support ahead of a rebound.

AUD/USD intraday: bullish bias above 0.904.

Pivot: 0.904

Our preference: Long positions above 0.904 with targets @ 0.921 & 0.9255 in extension.

Alternative scenario: Below 0.904 look for further downside with 0.8985 & 0.8915 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Cac 40 (Aug 13) intraday: target 4120

Pivot: 4000

Our preference: LONG positions above 4000 with 4105 & 4120 in sight.

Alternative scenario: The downside breakout of 4000 will open the way to 3965 & 3921.

Comment : the RSI is bullish and calls for further upside.

Dax (Sep 13) intraday: rebound expected.

Pivot: 8215

Our preference: LONG positions above 8215 with targets @ 8370 & 8435.

Alternative scenario: The downside penetration of 8215 will call for 8140 & 8085.

Comment: Prices are holding above a significant intraday support at 8215 points.

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