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: under pressure.

Pivot: 1.2985.

Our preference: SHORT positions @ 1.2975 with targets @ 1.293 & 1.288.

Alternative scenario: The upside breakout of 1.2985 will open the way to 1.301 & 1.3045.

Comment: the pair stands below its new resistance (former support) and remains under pressure, the RSI is posting a rebound but stands below its neutrality area.

GBP/USD intraday: bullish bias above 1.4885

Pivot: 1.4885.

Our preference: LONG positions @ 1.4895 with 1.496 & 1.498 as next targets.

Alternative scenario: The downside penetration of 1.4885 will call for 1.485 & 1.483.

Comment: the pair stands above its new support and remains on the upside as the RSI is turning up.

USD/JPY intraday: key ST resistance at 96.3

Pivot: 96.30.

Our preference: SHORT positions @ 96.2 with 95.45 & 95.05 in sight.

Alternative scenario: The upside penetration of 96.3 will call for a rebound towards 96.7 & 97.

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

EUR/JPY intraday: under pressure.

Pivot: 124.6

Our preference: Short @ 124.5 with targets @ 123.75 & 123.1 in extension.

Alternative scenario: Above 124.6 look for further upside with 125.25 & 125.75 as targets.

Comment: the pair stands below its new resistance (former support) and remains under pressure, the RSI stands below its neutrality area.

GBP/JPY intraday: the bias remains bullish.

Pivot: 142.55

Our preference: Long positions above 142.55 with targets @ 143.75 & 144.15 in extension.

Alternative scenario: Below 142.55 look for further downside with 142.15 & 141.5 as targets.

Comment: the pair stands above its support and remains on the upside, the RSI stands above its neutrality area and is turning up.

AUD/USD intraday: bounce.

Pivot: 1.032

Our preference: Long positions above 1.032 with targets @ 1.038 & 1.0415 in extension.

Alternative scenario: Below 1.032 look for further downside with 1.0305 & 1.0275 as targets.

Comment: the pair has validated a bullish flag and should post further advance as the RSI is well directed.

Cac 40 (Mar 13) intraday: the upside prevails.

Pivot: 3815

Our preference: LONG positions above 3815 with targets @ 3856 & 3880.

Alternative scenario: The downside penetration of 3815 will call for 3785 & 3770.

Comment : Prices are still supported by an ascending trend line

Dax (Mar 13) intraday: rebound expected.

Pivot: 7860

Our preference: LONG positions above 7860 with targets @ 8050 & 8090.

Alternative scenario: The downside penetration of 7860 will call for 7775 & 7626.

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

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