Pivot: 1.3175.
Most Likely Scenario: SHORT positions below 1.3175 with 1.31 & 1.3075 as next targets.
Alternative scenario: The upside breakout of 1.3175 will open the way to 1.321 & 1.324.
Comment: the pair is posting a rebound but remains capped by a declining trend line.
GBP/USD
Pivot: 1.5800.
Most Likely Scenario: SHORT positions @ 1.579 with targets @ 1.568 & 1.5645.
Alternative scenario: The upside penetration of 1.58 will call for 1.584 & 1.5875.
Comment: the pair is rebounding but stands below its new resistance.
Most Likely Scenario: SHORT positions @ 1.579 with targets @ 1.568 & 1.5645.
Alternative scenario: The upside penetration of 1.58 will call for 1.584 & 1.5875.
Comment: the pair is rebounding but stands below its new resistance.
GOLD (SPOT)
Pivot: 1684.00
Most Likely Scenario: SHORT positions below 1684 with 1657 & 1640 in sight.
Alternative scenario: The upside penetration of 1684 will call for 1695 & 1705.
Comment: the RSI is below its neutrality area at 50%
Most Likely Scenario: SHORT positions below 1684 with 1657 & 1640 in sight.
Alternative scenario: The upside penetration of 1684 will call for 1695 & 1705.
Comment: the RSI is below its neutrality area at 50%
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