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Publish Date: Thu, 02 Mar 2023, 02:57 AM
GBP/USD Intraday: rebound expected.
Pivot:
1.1975
Our preference:
Long positions above 1.1975 with targets at 1.2075 & 1.2105 in extension.
Alternative scenario:
Below 1.1975 look for further downside with 1.1950 & 1.1920 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
EUR/USD Intraday: bullish bias above 1.0635.
Pivot:
1.0635
Our preference:
Long positions above 1.0635 with targets at 1.0690 & 1.0710 in extension.
Alternative scenario:
Below 1.0635 look for further downside with 1.0615 & 1.0595 as targets.
Comment:
A support base at 1.0635 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6730
Our preference:
Long positions above 0.6730 with targets at 0.6780 & 0.6800 in extension.
Alternative scenario:
Below 0.6730 look for further downside with 0.6710 & 0.6695 as targets.
Comment:
The RSI is mixed with a bullish bias.
Gold Intraday: the upside prevails.
Pivot:
1829.00
Our preference:
Long positions above 1829.00 with targets at 1844.00 & 1850.00 in extension.
Alternative scenario:
Below 1829.00 look for further downside with 1823.00 & 1818.00 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: bullish bias above 135.50.
Pivot:
135.50
Our preference:
Long positions above 135.50 with targets at 136.45 & 136.80 in extension.
Alternative scenario:
Below 135.50 look for further downside with 135.20 & 134.90 as targets.
Comment:
The next resistances are at 136.45 and then at 136.80.
Crude Oil (WTI) (J3) Intraday: 79.00 in sight.
Pivot:
76.60
Our preference:
Long positions above 76.60 with targets at 78.40 & 79.00 in extension.
Alternative scenario:
Below 76.60 look for further downside with 76.10 & 75.60 as targets.
Comment:
The RSI is bullish and calls for further upside.