newsroom
Publish Date: Fri, 06 Jan 2023, 04:25 AM
GBP/USD Intraday: the downside prevails.
Pivot:
1.1980
Our preference:
Short positions below 1.1980 with targets at 1.1850 & 1.1790 in extension.
Alternative scenario:
Above 1.1980 look for further upside with 1.2030 & 1.2080 as targets.
Comment:
The RSI advocates for further downside.
EUR/USD Intraday: under pressure.
Pivot:
1.0570
Our preference:
Short positions below 1.0570 with targets at 1.0490 & 1.0450 in extension.
Alternative scenario:
Above 1.0570 look for further upside with 1.0600 & 1.0630 as targets.
Comment:
The RSI calls for a new downleg.
AUD/USD Intraday: key resistance at 0.6800.
Pivot:
0.6800
Our preference:
Short positions below 0.6800 with targets at 0.6730 & 0.6690 in extension.
Alternative scenario:
Above 0.6800 look for further upside with 0.6840 & 0.6885 as targets.
Comment:
As long as 0.6800 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: key resistance at 1843.00.
Pivot:
1843.00
Our preference:
Short positions below 1843.00 with targets at 1824.00 & 1817.00 in extension.
Alternative scenario:
Above 1843.00 look for further upside with 1850.00 & 1859.00 as targets.
Comment:
As long as the resistance at 1843.00 is not surpassed, the risk of the break below 1824.00 remains high.
USD/JPY Intraday: bullish bias above 132.30.
Pivot:
132.30
Our preference:
Long positions above 132.30 with targets at 134.05 & 134.60 in extension.
Alternative scenario:
Below 132.30 look for further downside with 131.70 & 131.20 as targets.
Comment:
The RSI calls for a bounce.
Crude Oil (WTI) (G3) Intraday: range.
Pivot:
74.80
Our preference:
Short positions below 74.80 with targets at 73.20 & 72.40 in extension.
Alternative scenario:
Above 74.80 look for further upside with 75.60 & 76.40 as targets.
Comment:
The RSI is mixed with a bearish bias.