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 downside prevails.

Pivot: 1.2915.

Our preference: SHORT positions below 1.2915 with 1.2825 & 1.279 as next targets.

Alternative scenario: The upside penetration of 1.2915 will call for 1.2945 & 1.2995.

Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.

GBP/USD intraday: under pressure.

Pivot: 1.5275.

Our preference: SHORT positions below 1.5275 with targets @ 1.519 & 1.516.

Alternative scenario: The upside penetration of 1.5275 will call for a rebound towards 1.531 & 1.533.

Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum.

USD/JPY intraday: the bias remains bullish.

Pivot: 101.75.

Our preference: LONG positions @ 101.9 with 102.85 & 103.25 as next targets.

Alternative scenario: The downside breakout of 101.75 will open the way to 101.25 & 100.4.

Comment: the pair is rebounding on its support and should post further advance.

EUR/JPY intraday: under pressure.

Pivot: 131.9

Our preference: Short positions below 131.9 with targets @ 131.15 & 130.75 in extension.

Alternative scenario: Above 131.9 look for further upside with 132.4 & 132.8 as targets.

Comment: the pair is posting a rebound but stands below its new resistance, the RSI stands below its neutrality area.

GBP/JPY intraday: key ST resistance at 156.

Pivot: 156

Our preference: Short positions below 156 with targets @ 154.95 & 154.5 in extension.

Alternative scenario: Above 156 look for further upside with 156.45 & 156.75 as targets.

Comment: the pair is posting a rebound but stands below its new resistance, the RSI stands below its neutrality area.

AUD/USD intraday: the downside prevails.

Pivot: 0.9915

Our preference: Short positions below 0.9915 with targets @ 0.983 & 0.976 in extension.

Alternative scenario: Above 0.9915 look for further upside with 0.996 & 1 as targets.

Comment: the pair is currently trading in an intraday bearish channel while the RSI is badly directed.

Cac 40 (May 13) intraday: the upside prevails.

Pivot: 3945

Our preference: LONG positions above 3945 with 4000 & 4010 in sight.

Alternative scenario: The downside penetration of 3945 will call for a slide towards 3918 & 3903.

Comment : the 50-SMA is ascending and plays a support role.

Dax (Jun 13) intraday: intraday support around 8210

Pivot: 8210

Our preference: LONG positions above 8210 with 8370 & 8420 as next targets.

Alternative scenario: The downside breakout of 8210 will open the way to 8135 & 8010.

Comment: the RSI is supported by a rising trend line.

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