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Publish Date: Fri, 17 Feb 2023, 02:45 AM
GBP/USD Intraday: 1.1900 in sight.
Pivot:
1.2030
Our preference:
Short positions below 1.2030 with targets at 1.1940 & 1.1900 in extension.
Alternative scenario:
Above 1.2030 look for further upside with 1.2070 & 1.2100 as targets.
Comment:
The RSI advocates for further decline.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0700
Our preference:
Short positions below 1.0700 with targets at 1.0640 & 1.0620 in extension.
Alternative scenario:
Above 1.0700 look for further upside with 1.0720 & 1.0740 as targets.
Comment:
The RSI is bearish and calls for further decline.
AUD/USD Intraday: under pressure.
Pivot:
0.6905
Our preference:
Short positions below 0.6905 with targets at 0.6840 & 0.6810 in extension.
Alternative scenario:
Above 0.6905 look for further upside with 0.6935 & 0.6960 as targets.
Comment:
The RSI calls for a new downleg.
Gold Intraday: range.
Pivot:
1845.00
Our preference:
Short positions below 1845.00 with targets at 1827.00 & 1822.00 in extension.
Alternative scenario:
Above 1845.00 look for further upside with 1853.00 & 1860.00 as targets.
Comment:
As long as 1845.00 is resistance, expect a return to 1827.00.
Crude Oil (WTI) (J3) Intraday: the downside prevails.
Pivot:
79.00
Our preference:
Short positions below 79.00 with targets at 77.50 & 76.80 in extension.
Alternative scenario:
Above 79.00 look for further upside with 79.40 & 79.80 as targets.
Comment:
The RSI calls for a new downleg.
USD/JPY Intraday: bullish bias above 133.60.
Pivot:
133.60
Our preference:
Long positions above 133.60 with targets at 134.40 & 134.80 in extension.
Alternative scenario:
Below 133.60 look for further downside with 133.30 & 133.00 as targets.
Comment:
The RSI calls for a bounce.