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Publish Date: Thu, 09 Feb 2023, 04:35 AM
GBP/USD Intraday: watch 1.2010.
Pivot:
1.2110
Our preference:
Short positions below 1.2110 with targets at 1.2035 & 1.2010 in extension.
Alternative scenario:
Above 1.2110 look for further upside with 1.2140 & 1.2170 as targets.
Comment:
As long as 1.2110 is resistance, look for choppy price action with a bearish bias.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0745
Our preference:
Short positions below 1.0745 with targets at 1.0685 & 1.0665 in extension.
Alternative scenario:
Above 1.0745 look for further upside with 1.0765 & 1.0780 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: under pressure.
Pivot:
0.6950
Our preference:
Short positions below 0.6950 with targets at 0.6905 & 0.6885 in extension.
Alternative scenario:
Above 0.6950 look for further upside with 0.6970 & 0.6990 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: range.
Pivot:
1886.00
Our preference:
Short positions below 1886.00 with targets at 1869.00 & 1860.00 in extension.
Alternative scenario:
Above 1886.00 look for further upside with 1896.00 & 1909.00 as targets.
Comment:
Intraday technical indicators are mixed.
USD/JPY Intraday: expect 132.00.
Pivot:
130.80
Our preference:
Long positions above 130.80 with targets at 131.70 & 132.00 in extension.
Alternative scenario:
Below 130.80 look for further downside with 130.50 & 130.20 as targets.
Comment:
The RSI advocates for further advance.
Crude Oil (WTI) (H3) Intraday: intraday support around 77.15.
Pivot:
77.15
Our preference:
Long positions above 77.15 with targets at 79.60 & 80.50 in extension.
Alternative scenario:
Below 77.15 look for further downside with 76.30 & 75.50 as targets.
Comment:
The next resistances are at 79.60 and then at 80.50.