EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY AUD/USD CAC 40 DAX
Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD intraday: the downside prevails.
Pivot: 1.3285.

Our preference: SHORT positions @ 1.327 with targets @ 1.3225 & 1.319.

Alternative scenario: The upside penetration of 1.3285 will call for a rebound towards 1.3315 & 1.3345.

Comment: the pair stands below its resistance and should face further weakness as the RSI is badly directed.

GBP/USD intraday: the downside prevails.
Pivot: 1.5480.

Our preference: SHORT positions @ 1.547 with 1.5385 & 1.533 as next targets.

Alternative scenario: The upside breakout of 1.548 will open the way to 1.552 & 1.5555.

Comment: the pair stands below its resistance and remains under pressure, the RSI stands below its neutrality area.

USD/JPY intraday: bullish bias above 97.55
Pivot: 97.55.

Our preference: LONG positions @ 97.65 with targets @ 98.6 & 98.85.

Alternative scenario: The downside penetration of 97.55 will call for 96.95 & 96.35.

Comment: the pair stands above its support and should post further advance as the RSI is supported by a rising trend line.

EUR/JPY intraday: bullish bias above 129.55.
Pivot: 129.55

Our preference: Long @ 129.7 with targets @ 130.4 & 130.85 in extension.

Alternative scenario: Below 129.55 look for further downside with 129.05 & 128.7 as targets.

Comment: the pair has rebounded on its support and should post further advance as the RSI is reversing up.

GBP/JPY intraday: the bias remains bullish.
Pivot: 150.6

Our preference: Long @ 150.85 with targets @ 152 & 152.6 in extension.

Alternative scenario: Below 150.6 look for further downside with 149.9 & 149.2 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD intraday: capped by a negative trend line.
Pivot: 0.914

Our preference: Short positions below 0.914 with targets @ 0.904 & 0.898 in extension.

Alternative scenario: Above 0.914 look for further upside with 0.9185 & 0.922 as targets.

Comment: the pair is capped by a declining trend line and it 50-periods moving average (in dark blue) while the RSI is below a strong resistance level.

Cac 40 (Aug 13) intraday: target 4130
Pivot: 4045

Our preference: LONG positions above 4045 with 4120 & 4130 as next targets.

Alternative scenario: The downside penetration of 4045 will call for 4013 & 4000.

Comment : A support basis has taken shape around 4050 points.

Dax (Sep 13) intraday: continuation of the rebound.
Pivot: 8230

Our preference: LONG positions above 8230 with 8460 & 8530 in sight.

Alternative scenario: The downside breakout of 8230 will open the way to 8140 & 8088.

Comment: the RSI advocates for further upside.

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