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Publish Date: Wed, 18 Jan 2023, 04:42 AM
GBP/USD Intraday: bullish bias above 1.2245.
Pivot:
1.2245
Our preference:
Long positions above 1.2245 with targets at 1.2310 & 1.2340 in extension.
Alternative scenario:
Below 1.2245 look for further downside with 1.2220 & 1.2190 as targets.
Comment:
The RSI advocates for further advance.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0830
Our preference:
Short positions below 1.0830 with targets at 1.0770 & 1.0750 in extension.
Alternative scenario:
Above 1.0830 look for further upside with 1.0850 & 1.0870 as targets.
Comment:
The RSI calls for a new downleg.
Gold Intraday: key resistance at 1916.00.
Pivot:
1916.00
Our preference:
Short positions below 1916.00 with targets at 1901.00 & 1891.00 in extension.
Alternative scenario:
Above 1916.00 look for further upside with 1922.00 & 1929.00 as targets.
Comment:
As long as the resistance at 1916.00 is not surpassed, the risk of the break below 1901.00 remains high.
Crude Oil (WTI) (G3) Intraday: expect 82.10.
Pivot:
79.70
Our preference:
Long positions above 79.70 with targets at 81.50 & 82.10 in extension.
Alternative scenario:
Below 79.70 look for further downside with 79.10 & 78.50 as targets.
Comment:
The RSI is mixed with a bullish bias.
USD/JPY Intraday: watch 127.60.
Pivot:
128.70
Our preference:
Short positions below 128.70 with targets at 127.90 & 127.60 in extension.
Alternative scenario:
Above 128.70 look for further upside with 129.10 & 129.40 as targets.
Comment:
The RSI advocates for further downside.
AUD/USD Intraday: bullish bias above 0.6965.
Pivot:
0.6965
Our preference:
Long positions above 0.6965 with targets at 0.7000 & 0.7020 in extension.
Alternative scenario:
Below 0.6965 look for further downside with 0.6945 & 0.6930 as targets.
Comment:
The RSI advocates for further upside.