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Publish Date: Wed, 08 Feb 2023, 02:56 AM
GBP/USD Intraday: the bias remains bullish.
Pivot:
1.1990
Our preference:
Long positions above 1.1990 with targets at 1.2095 & 1.2120 in extension.
Alternative scenario:
Below 1.1990 look for further downside with 1.1960 & 1.1920 as targets.
Comment:
The RSI calls for a rebound.
EUR/USD Intraday: bullish bias above 1.0685.
Pivot:
1.0685
Our preference:
Long positions above 1.0685 with targets at 1.0765 & 1.0780 in extension.
Alternative scenario:
Below 1.0685 look for further downside with 1.0665 & 1.0640 as targets.
Comment:
The RSI calls for a bounce.
AUD/USD Intraday: expect 0.7010.
Pivot:
0.6910
Our preference:
Long positions above 0.6910 with targets at 0.6985 & 0.7010 in extension.
Alternative scenario:
Below 0.6910 look for further downside with 0.6885 & 0.6855 as targets.
Comment:
The RSI calls for a new upleg.
Gold Intraday: range.
Pivot:
1886.00
Our preference:
Short positions below 1886.00 with targets at 1860.00 & 1850.00 in extension.
Alternative scenario:
Above 1886.00 look for further upside with 1896.00 & 1909.00 as targets.
Comment:
The RSI is around its neutrality area at 50%
USD/JPY Intraday: watch 130.20.
Pivot:
131.70
Our preference:
Short positions below 131.70 with targets at 130.50 & 130.20 in extension.
Alternative scenario:
Above 131.70 look for further upside with 132.00 & 132.30 as targets.
Comment:
The RSI advocates for further downside.
Crude Oil (WTI) (H3) Intraday: the upside prevails.
Pivot:
76.00
Our preference:
Long positions above 76.00 with targets at 78.80 & 79.60 in extension.
Alternative scenario:
Below 76.00 look for further downside with 75.30 & 74.70 as targets.
Comment:
The RSI shows upside momentum.