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Publish Date: Fri, 03 Feb 2023, 03:37 AM
GBP/USD Intraday: the downside prevails.
Pivot:
1.2290
Our preference:
Short positions below 1.2290 with targets at 1.2180 & 1.2140 in extension.
Alternative scenario:
Above 1.2290 look for further upside with 1.2330 & 1.2370 as targets.
Comment:
The RSI lacks upward momentum.
EUR/USD Intraday: under pressure.
Pivot:
1.0950
Our preference:
Short positions below 1.0950 with targets at 1.0880 & 1.0850 in extension.
Alternative scenario:
Above 1.0950 look for further upside with 1.0980 & 1.1010 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
AUD/USD Intraday: watch 0.7055.
Pivot:
0.7110
Our preference:
Short positions below 0.7110 with targets at 0.7055 & 0.7030 in extension.
Alternative scenario:
Above 0.7110 look for further upside with 0.7135 & 0.7160 as targets.
Comment:
A break below 0.7055 would trigger a drop towards 0.7030.
Gold Intraday: under pressure.
Pivot:
1930.00
Our preference:
Short positions below 1930.00 with targets at 1900.00 & 1885.00 in extension.
Alternative scenario:
Above 1930.00 look for further upside with 1940.00 & 1949.00 as targets.
Comment:
The RSI has broken down its 30 level.
USD/JPY Intraday: rebound expected.
Pivot:
128.10
Our preference:
Long positions above 128.10 with targets at 129.10 & 129.45 in extension.
Alternative scenario:
Below 128.10 look for further downside with 127.70 & 127.40 as targets.
Comment:
The RSI calls for a rebound.
Crude Oil (WTI) (H3) Intraday: the downside prevails.
Pivot:
76.90
Our preference:
Short positions below 76.90 with targets at 75.00 & 74.40 in extension.
Alternative scenario:
Above 76.90 look for further upside with 77.40 & 78.00 as targets.
Comment:
As long as the resistance at 76.90 is not surpassed, the risk of the break below 75.00 remains high.