Pivot: 1.2875.

Our preference: LONG positions @ 1.2895 with 1.2955 & 1.2995 as next targets.

Alternative scenario: The downside penetration of 1.2875 will call for a slide towards 1.2835 & 1.279.

Comment: the pair remains on the upside targeting 1.2955, while the RSI maintains a bullish bias lacking downward momentum.

Pivot: 1.5180.

Our preference: SHORT positions below 1.518 with 1.511 & 1.507 in sight.

Alternative scenario: The upside breakout of 1.518 will open the way to 1.5225 & 1.5255.

Comment: as long as 1.518 is resistance, look for choppy price action with a bearish bias.

Pivot: 102.90.

Our preference: SHORT positions below 102.9 with targets @ 102.05 & 101.85.

Alternative scenario: The upside penetration of 102.9 will call for 103.3 & 103.7.

Comment: as long as 102.9 is resistance, look for choppy price action with a bearish bias.

Pivot: 131.95

Our preference: Long positions above 131.95 with targets @ 132.9 & 133.2 in extension.

Alternative scenario: Below 131.95 look for further downside with 131.6 & 131.25 as targets.

Comment: the pair is trading in an intraday bullish channel.

Pivot: 155.9

Our preference: Short positions below 155.9 with targets @ 154.95 & 154.5 in extension.

Alternative scenario: Above 155.9 look for further upside with 156.5 & 156.65 as targets.

Comment: as long as 155.9 is resistance, look for choppy price action with a bearish bias.

Pivot: 0.975

Our preference: Long positions above 0.975 with targets @ 0.984 & 0.988 in extension.

Alternative scenario: Below 0.975 look for further downside with 0.9705 & 0.967 as targets.

Comment: a support base at 0.975 has formed and has allowed for a temporary stabilisation.

Pivot: 3988

Our preference: LONG positions above 3988 with 4040 & 4074 in sight.

Alternative scenario: The downside breakout of 3988 will open the way to 3958 & 3936.

Comment : Prices pushed above a significant intraday resistance at 4004.

Pivot: 8390

Our preference: LONG positions above 8390 with 8485 & 8520 as next targets.

Alternative scenario: The downside breakout of 8390 will open the way to 8300 & 8210.

Comment: prices are supported by a rising trend line