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Publish Date: Thu, 26 Jan 2023, 02:38 AM
GBP/USD Intraday: continuation of the rebound.
Pivot:
1.2345
Our preference:
Long positions above 1.2345 with targets at 1.2440 & 1.2480 in extension.
Alternative scenario:
Below 1.2345 look for further downside with 1.2310 & 1.2280 as targets.
Comment:
The RSI advocates for further upside.
EUR/USD Intraday: further upside.
Pivot:
1.0890
Our preference:
Long positions above 1.0890 with targets at 1.0935 & 1.0950 in extension.
Alternative scenario:
Below 1.0890 look for further downside with 1.0875 & 1.0855 as targets.
Comment:
The RSI is bullish and calls for further upside.
AUD/USD Intraday: the upside prevails.
Pivot:
0.7060
Our preference:
Long positions above 0.7060 with targets at 0.7130 & 0.7160 in extension.
Alternative scenario:
Below 0.7060 look for further downside with 0.7030 & 0.7000 as targets.
Comment:
The RSI lacks downward momentum.
Gold Intraday: towards 1960.00.
Pivot:
1937.00
Our preference:
Long positions above 1937.00 with targets at 1953.00 & 1960.00 in extension.
Alternative scenario:
Below 1937.00 look for further downside with 1929.00 & 1920.00 as targets.
Comment:
The RSI advocates for further upside.
USD/JPY Intraday: the downside prevails.
Pivot:
130.00
Our preference:
Short positions below 130.00 with targets at 129.00 & 128.65 in extension.
Alternative scenario:
Above 130.00 look for further upside with 130.30 & 130.60 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
Crude Oil (WTI) (H3) Intraday: key resistance at 81.20.
Pivot:
81.20
Our preference:
Short positions below 81.20 with targets at 79.60 & 79.00 in extension.
Alternative scenario:
Above 81.20 look for further upside with 81.70 & 82.20 as targets.
Comment:
As long as 81.20 is resistance, look for choppy price action with a bearish bias.