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Publish Date: Tue, 31 Jan 2023, 03:51 AM
GBP/USD Intraday: towards 1.2300.
Pivot:
1.2380
Our preference:
Short positions below 1.2380 with targets at 1.2320 & 1.2300 in extension.
Alternative scenario:
Above 1.2380 look for further upside with 1.2400 & 1.2420 as targets.
Comment:
The RSI is bearish and calls for further decline.
EUR/USD Intraday: under pressure.
Pivot:
1.0875
Our preference:
Short positions below 1.0875 with targets at 1.0835 & 1.0810 in extension.
Alternative scenario:
Above 1.0875 look for further upside with 1.0895 & 1.0915 as targets.
Comment:
The RSI calls for a new downleg.
AUD/USD Intraday: the downside prevails.
Pivot:
0.7080
Our preference:
Short positions below 0.7080 with targets at 0.7040 & 0.7020 in extension.
Alternative scenario:
Above 0.7080 look for further upside with 0.7100 & 0.7120 as targets.
Comment:
The RSI is bearish and calls for further downside.
Gold Intraday: target 1911.00.
Pivot:
1930.00
Our preference:
Short positions below 1930.00 with targets at 1916.00 & 1911.00 in extension.
Alternative scenario:
Above 1930.00 look for further upside with 1935.00 & 1942.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
USD/JPY Intraday: the upside prevails.
Pivot:
130.00
Our preference:
Long positions above 130.00 with targets at 130.80 & 131.10 in extension.
Alternative scenario:
Below 130.00 look for further downside with 129.70 & 129.40 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (H3) Intraday: the downside prevails.
Pivot:
79.00
Our preference:
Short positions below 79.00 with targets at 77.35 & 76.50 in extension.
Alternative scenario:
Above 79.00 look for further upside with 79.80 & 80.50 as targets.
Comment:
The RSI is mixed with a bearish bias.