EUR/USD intraday: key resistance at 1.314. Prev Prev - TopicsExpress

EUR/USD intraday: key resistance at 1.314. Prev Prev arrow Next Next arrow Pivot: 1.314 Most Likely Scenario: Short positions below 1.314 with targets @ 1.299 & 1.295 in extension. Alternative scenario: Above 1.314 look for further upside with 1.3205 & 1.325 as targets. Comment: the pair stands below its previous high and remains under pressure. GBP/USD intraday: continuation of the rebound. Prev Prev arrow Next Next arrow Pivot: 1.505 Most Likely Scenario: Long positions above 1.505 with targets @ 1.5235 & 1.5295 in extension. Alternative scenario: Below 1.505 look for further downside with 1.5 & 1.491 as targets. Comment: the pair stands above its support and remains on the upside. USD/JPY intraday: key ST resistance at 99.55. Prev Prev arrow Next Next arrow Pivot: 99.55 Most Likely Scenario: Short positions below 99.55 with targets @ 98.2 & 97.6 in extension. Alternative scenario: Above 99.55 look for further upside with 100 & 100.45 as targets. Comment: the pair remains under pressure and is shaping a triangle pattern. AUD/USD intraday: the downside prevails. Prev Prev arrow Next Next arrow Pivot: 0.9205 Most Likely Scenario: Short positions below 0.9205 with targets @ 0.909 & 0.9045 in extension. Alternative scenario: Above 0.9205 look for further upside with 0.9305 & 0.937 as targets. Comment: as long as 0.9205 is resistance, look for choppy price action with a bearish bias. GOLD (Spot) intraday: further upside. Prev Prev arrow Next Next arrow Pivot: 1247.00 Most Likely Scenario: LONG positions @ 1265 with targets @ 1300 & 1327. Alternative scenario: The downside penetration of 1247 will call for 1228 & 1208. Comment: the break above 1267 is a positive signal that has opened a path to 1300. Crude Oil (Aug 13) intraday: further upside. Prev Prev arrow Top Top arrow Pivot: 104.00 Most Likely Scenario: LONG positions above 104 with 107.8 & 110 as next targets. Alternative scenario: The downside penetration of 104 will call for a slide towards 102 & 100.5. Comment: intraday support around 104

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