Pivot: 1.3125.
Most Likely Scenario: LONG positions @ 1.3135 with targets @ 1.321 & 1.324.
Alternative scenario: The downside penetration of 1.3125 will call for 1.31 & 1.3075.
Comment: The pair and its intraday RSI have broken above their declining trend lines.
GBP/USD
Pivot: 1.5715.
Most Likely Scenario: LONG positions @ 1.5725 with targets @ 1.58 & 1.584.
Alternative scenario: The downside penetration of 1.5715 will call for a slide towards 1.569 & 1.5645.
Comment: The pair is breaking above its resistance.
Most Likely Scenario: LONG positions @ 1.5725 with targets @ 1.58 & 1.584.
Alternative scenario: The downside penetration of 1.5715 will call for a slide towards 1.569 & 1.5645.
Comment: The pair is breaking above its resistance.
GOLD
Pivot: 1678.00
Most Likely Scenario: LONG positions above 1678 with targets @ 1694 & 1705.
Alternative scenario: The downside penetration of 1678 will call for a slide towards 1663 & 1657.
Comment: The RSI advocates for further upside.
Most Likely Scenario: LONG positions above 1678 with targets @ 1694 & 1705.
Alternative scenario: The downside penetration of 1678 will call for a slide towards 1663 & 1657.
Comment: The RSI advocates for further upside.
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