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Publish Date: Wed, 08 Mar 2023, 04:22 AM
GBP/USD Intraday: under pressure.
Pivot:
1.1880
Our preference:
Short positions below 1.1880 with targets at 1.1800 & 1.1770 in extension.
Alternative scenario:
Above 1.1880 look for further upside with 1.1920 & 1.1950 as targets.
Comment:
The RSI has broken down its 30 level.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0580
Our preference:
Short positions below 1.0580 with targets at 1.0530 & 1.0510 in extension.
Alternative scenario:
Above 1.0580 look for further upside with 1.0600 & 1.0620 as targets.
Comment:
The RSI has broken down its 30 level.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6630
Our preference:
Short positions below 0.6630 with targets at 0.6550 & 0.6530 in extension.
Alternative scenario:
Above 0.6630 look for further upside with 0.6655 & 0.6680 as targets.
Comment:
The RSI advocates for further decline.
Gold Intraday: under pressure.
Pivot:
1829.00
Our preference:
Short positions below 1829.00 with targets at 1806.00 & 1796.00 in extension.
Alternative scenario:
Above 1829.00 look for further upside with 1838.00 & 1845.00 as targets.
Comment:
The RSI has broken down its 30 level.
USD/JPY Intraday: further advance.
Pivot:
136.70
Our preference:
Long positions above 136.70 with targets at 137.50 & 137.80 in extension.
Alternative scenario:
Below 136.70 look for further downside with 136.40 & 136.10 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (J3) Intraday: under pressure.
Pivot:
78.30
Our preference:
Short positions below 78.30 with targets at 76.45 & 75.80 in extension.
Alternative scenario:
Above 78.30 look for further upside with 79.50 & 80.15 as targets.
Comment:
The RSI has broken down its 30 level.