EUR/USD intraday: rebound.
Pivot: 1.2675.
Our preference: LONG positions above 1.2675 with 1.2735 & 1.2755 in sight.
Alternative scenario: The downside penetration of 1.2675 will call for 1.2655 & 1.2635.
Comment: the pair has validated a falling wedge and should post further advance.
GBP/USD intraday: bullish bias above 1.5855
Pivot: 1.5855.
Our preference: LONG positions above 1.5855 with 1.5905 & 1.5925 in sight.
Alternative scenario: The downside breakout of 1.5855 will open the way to 1.583 & 1.5815.
Comment: the pair above its new support and is posting a rebound.
USD/JPY intraday: caution.
Pivot: 79.65.
Our preference: SHORT positions below 79.65 with targets @ 79.3 & 79.15.
Alternative scenario: The upside breakout of 79.65 will open the way to 79.8 & 80.1.
Comment: the pair is rebounding and is challenging its resistance, caution.
EUR/JPY intraday: rebound.
Pivot: 100.7
Our preference: Long @ 100.78 with targets @ 101.35 & 101.75 in extension.
Alternative scenario: Below 100.7 look for further downside with 100.4 & 100.1 as targets.
Comment: the pair remains on the upside and should post further advance as the RSI is well directed.
GBP/JPY intraday: rebound.
Pivot: 125.9
Our preference: Long @ 126.05 with targets @ 126.6 & 126.9 in extension.
Alternative scenario: Below 125.9 look for further downside with 125.6 & 125.4 as targets.
Comment: the pair is rebounding and is approaching its next resistance.
AUD/USD intraday: bullish bias above 1.0395.
Pivot: 1.0395
Our preference: Long positions above 1.0395 with targets @ 1.0475 & 1.0495 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.0355 & 1.0325 as targets.
Comment: the RSI is bullish and calls for further upside.
Cac 40 (Nov 12) intraday: rebound expected.
Pivot: 3370
Our preference: LONG positions above 3370 with 3442 & 3472 as next targets.
Alternative scenario: The downside penetration of 3370 will call for a slide towards 3342 & 3300.
Comment : A double-bottom pattern is taking shape.
Dax (Dec 12) intraday: rebound expected.
Pivot: 7075
Our preference: LONG positions above 7075 with 7195 & 7235 as next targets.
Alternative scenario: The downside penetration of 7075 will call for a slide towards 7020 & 6980.
Comment: the RSI is mixed to bullish.
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