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Publish Date: Thu, 16 Feb 2023, 06:21 AM
GBP/USD Intraday: the downside prevails.
Pivot:
1.2080
Our preference:
Short positions below 1.2080 with targets at 1.1990 & 1.1960 in extension.
Alternative scenario:
Above 1.2080 look for further upside with 1.2100 & 1.2130 as targets.
Comment:
The RSI calls for a new downleg.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0715
Our preference:
Short positions below 1.0715 with targets at 1.0660 & 1.0640 in extension.
Alternative scenario:
Above 1.0715 look for further upside with 1.0730 & 1.0745 as targets.
Comment:
As long as the resistance at 1.0715 is not surpassed, the risk of the break below 1.0660 remains high.
AUD/USD Intraday: under pressure.
Pivot:
0.6920
Our preference:
Short positions below 0.6920 with targets at 0.6860 & 0.6840 in extension.
Alternative scenario:
Above 0.6920 look for further upside with 0.6940 & 0.6960 as targets.
Comment:
The RSI is bearish and calls for further downside.
Gold Intraday: look for 1823.00.
Pivot:
1844.00
Our preference:
Short positions below 1844.00 with targets at 1829.00 & 1823.00 in extension.
Alternative scenario:
Above 1844.00 look for further upside with 1850.00 & 1859.00 as targets.
Comment:
The immediate trend remains down but the momentum is weak.
USD/JPY Intraday: bullish bias above 133.20.
Pivot:
133.20
Our preference:
Long positions above 133.20 with targets at 134.35 & 134.80 in extension.
Alternative scenario:
Below 133.20 look for further downside with 132.80 & 132.50 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (H3) Intraday: intraday support around 77.90.
Pivot:
77.90
Our preference:
Long positions above 77.90 with targets at 79.15 & 79.60 in extension.
Alternative scenario:
Below 77.90 look for further downside with 77.15 & 76.50 as targets.
Comment:
The RSI is mixed with a bullish bias.