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Publish Date: Thu, 02 Feb 2023, 02:42 AM
GBP/USD Intraday: further upside.
Pivot:
1.2340
Our preference:
Long positions above 1.2340 with targets at 1.2415 & 1.2445 in extension.
Alternative scenario:
Below 1.2340 look for further downside with 1.2310 & 1.2280 as targets.
Comment:
The RSI calls for a new upleg.
EUR/USD Intraday: further advance.
Pivot:
1.0940
Our preference:
Long positions above 1.0940 with targets at 1.1055 & 1.1100 in extension.
Alternative scenario:
Below 1.0940 look for further downside with 1.0910 & 1.0880 as targets.
Comment:
The break above 1.0940 is a positive signal that has opened a path to 1.1055.
AUD/USD Intraday: the upside prevails.
Pivot:
0.7090
Our preference:
Long positions above 0.7090 with targets at 0.7180 & 0.7210 in extension.
Alternative scenario:
Below 0.7090 look for further downside with 0.7065 & 0.7035 as targets.
Comment:
The break above 0.7090 is a positive signal that has opened a path to 0.7180.
Gold Intraday: further upside.
Pivot:
1933.00
Our preference:
Long positions above 1933.00 with targets at 1962.00 & 1976.00 in extension.
Alternative scenario:
Below 1933.00 look for further downside with 1922.00 & 1912.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: the downside prevails.
Pivot:
129.30
Our preference:
Short positions below 129.30 with targets at 128.20 & 127.70 in extension.
Alternative scenario:
Above 129.30 look for further upside with 129.65 & 130.00 as targets.
Comment:
The RSI has broken down its 30 level.
Crude Oil (WTI) (H3) Intraday: the downside prevails.
Pivot:
78.30
Our preference:
Short positions below 78.30 with targets at 75.70 & 74.60 in extension.
Alternative scenario:
Above 78.30 look for further upside with 79.00 & 79.70 as targets.
Comment:
The RSI is bearish and calls for further decline.