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Publish Date: Thu, 23 Feb 2023, 02:47 AM
GBP/USD Intraday: watch 1.2015.
Pivot:
1.2105
Our preference:
Short positions below 1.2105 with targets at 1.2015 & 1.1980 in extension.
Alternative scenario:
Above 1.2105 look for further upside with 1.2150 & 1.2190 as targets.
Comment:
A break below 1.2015 would trigger a drop towards 1.1980.
EUR/USD Intraday: under pressure.
Pivot:
1.0655
Our preference:
Short positions below 1.0655 with targets at 1.0575 & 1.0545 in extension.
Alternative scenario:
Above 1.0655 look for further upside with 1.0680 & 1.0705 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6845
Our preference:
Short positions below 0.6845 with targets at 0.6785 & 0.6765 in extension.
Alternative scenario:
Above 0.6845 look for further upside with 0.6865 & 0.6890 as targets.
Comment:
The RSI lacks upward momentum.
Gold Intraday: under pressure.
Pivot:
1835.00
Our preference:
Short positions below 1835.00 with targets at 1818.00 & 1810.00 in extension.
Alternative scenario:
Above 1835.00 look for further upside with 1941.00 & 1947.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
USD/JPY Intraday: bullish bias above 134.45.
Pivot:
134.45
Our preference:
Long positions above 134.45 with targets at 135.20 & 135.50 in extension.
Alternative scenario:
Below 134.45 look for further downside with 134.20 & 133.90 as targets.
Comment:
A support base at 134.45 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI) (J3) Intraday: towards 72.00.
Pivot:
75.20
Our preference:
Short positions below 75.20 with targets at 72.90 & 72.00 in extension.
Alternative scenario:
Above 75.20 look for further upside with 76.10 & 76.80 as targets.
Comment:
The RSI has broken down its 30 level.