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Publish Date: Mon, 16 Jan 2023, 03:40 AM
GBP/USD Intraday: the upside prevails.
Pivot:
1.2175
Our preference:
Long positions above 1.2175 with targets at 1.2250 & 1.2280 in extension.
Alternative scenario:
Below 1.2175 look for further downside with 1.2145 & 1.2115 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
EUR/USD Intraday: key resistance at 1.0860.
Pivot:
1.0860
Our preference:
Short positions below 1.0860 with targets at 1.0800 & 1.0775 in extension.
Alternative scenario:
Above 1.0860 look for further upside with 1.0890 & 1.0920 as targets.
Comment:
As long as the resistance at 1.0860 is not surpassed, the risk of the break below 1.0800 remains high.
AUD/USD Intraday: the upside prevails.
Pivot:
0.6940
Our preference:
Long positions above 0.6940 with targets at 0.6990 & 0.7015 in extension.
Alternative scenario:
Below 0.6940 look for further downside with 0.6915 & 0.6890 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
Gold Intraday: the upside prevails.
Pivot:
1906.00
Our preference:
Long positions above 1906.00 with targets at 1928.00 & 1936.00 in extension.
Alternative scenario:
Below 1906.00 look for further downside with 1900.00 & 1892.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
USD/JPY Intraday: watch 127.45.
Pivot:
128.50
Our preference:
Short positions below 128.50 with targets at 127.45 & 127.00 in extension.
Alternative scenario:
Above 128.50 look for further upside with 129.00 & 129.50 as targets.
Comment:
A break below 127.45 would trigger a drop towards 127.00.
Crude Oil (WTI) (G3) Intraday: bullish bias above 79.00.
Pivot:
79.00
Our preference:
Long positions above 79.00 with targets at 80.80 & 81.50 in extension.
Alternative scenario:
Below 79.00 look for further downside with 78.00 & 77.20 as targets.
Comment:
The RSI is mixed with a bullish bias.