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 bias remains bullish.

Pivot: 1.3230.

Our preference: LONG positions above 1.323 with 1.33 & 1.3345 as next targets.

Alternative scenario: The downside penetration of 1.323 will call for a slide towards 1.3195 & 1.3175.

Comment: the pair stands above its new support and remains on the upside.

GBP/USD intraday: the bias remains bullish.

Pivot: 1.5220.

Our preference: LONG positions above 1.522 with 1.5325 & 1.5355 as next targets.

Alternative scenario: The downside penetration of 1.522 will call for 1.5175 & 1.5095.

Comment: the pair stands above its new support and remains on the upside.

USD/JPY intraday: key ST resistance at 99.45

Pivot: 99.45.

Our preference: SHORT positions below 99.45 with 98.45 & 98.15 as next targets.

Alternative scenario: The upside penetration of 99.45 will call for a rebound towards 99.95 & 100.45.

Comment: the pair has broken below a rising trend line and remains under pressure.

EUR/JPY intraday: under pressure.

Pivot: 131.55

Our preference: Short positions below 131.55 with targets @ 130.75 & 130.25 in extension.

Alternative scenario: Above 131.55 look for further upside with 131.9 & 132.35 as targets.

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

GBP/JPY intraday: the bias remains bullish.

Pivot: 149.9

Our preference: Long positions above 149.9 with targets @ 151.6 & 152.1 in extension.

Alternative scenario: Below 149.9 look for further downside with 149.3 & 148.7 as targets.

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

AUD/USD intraday: the downside prevails.

Pivot: 0.8945

Our preference: Short positions below 0.8945 with targets @ 0.8845 & 0.881 in extension.

Alternative scenario: Above 0.8945 look for further upside with 0.901 & 0.9075 as targets.

Comment: the pair is trading in a bearish channel and intraday technical indicators lack upside momentum.

Cac 40 (Aug 13) intraday: limited upside.

Pivot: 3965

Our preference: LONG positions above 3965 with 4080 & 4100 in sight.

Alternative scenario: The downside breakout of 3965 will open the way to 3921 & 3900.

Comment : the RSI is above its neutrality area at 50%.

Dax (Sep 13) intraday: the bias remains bullish.

Pivot: 8325

Our preference: LONG positions above 8325 with targets @ 8465 & 8530.

Alternative scenario: The downside penetration of 8325 will call for a slide towards 8220 & 8185.

Comment: the RSI is mixed to bullish.

0 comments

You must be logged in to post a comment.

Testimonials - StockExchange.CO