EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.403
Most Likely Scenario: Long positions above 1.403 with targets @ 1.426 & 1.4325 in extension.
Alternative scenario: Below 1.403 look for further downside with 1.3975 & 1.395 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD INTRADAY: INTRADAY SUPPORT AROUND 1.6025.
Pivot: 1.6025
Most Likely Scenario: Long positions above 1.6025 with targets @ 1.613 & 1.6205 in extension.
Alternative scenario: Below 1.6025 look for further downside with 1.5985 & 1.595 as targets.
Comment: The pair stands above its new support and remains on the upside.
USD/JPY INTRADAY: UNDER PRESSURE.
Pivot: 76.05
Most Likely Scenario: Short positions below 76.05 with targets @ 75.7 & 75.4 in extension.
Alternative scenario: Above 76.05 look for further upside with 76.3 & 76.5 as targets.
Comment: The RSI is mixed to bearish.
AUD/USD INTRADAY: INTRADAY SUPPORT AROUND 1.06.
Pivot: 1.06
Most Likely Scenario: Long positions above 1.06 with targets @ 1.0756 & 1.0815 in extension.
Alternative scenario: Below 1.06 look for further downside with 1.054 & 1.05 as targets.
Comment: The RSI lacks downward momentum.
GOLD (SPOT) INTRADAY: FURTHER UPSIDE.
Pivot: 1728.00
Most Likely Scenario: LONG positions above 1728 with 1752 & 1765 as next targets.
Alternative scenario: The downside penetration of 1728 will call for a slide towards 1705 & 1695.
Comment: The immediate trend remains up and the momentum is strong.
CRUDE OIL (DEC 11) INTRADAY: TARGET 95.7
Pivot: 92.00
Most Likely Scenario: LONG positions above 92 with targets @ 94.65 & 95.7.
Alternative scenario: The downside penetration of 92 will call for a slide towards 90.65 & 90.
Comment: The break above 92 is a positive signal that has opened a path to 94.65.
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