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Publish Date: Fri, 10 Mar 2023, 02:05 AM
GBP/USD Intraday: further upside.
Pivot:
1.1875
Our preference:
Long positions above 1.1875 with targets at 1.1945 & 1.1975 in extension.
Alternative scenario:
Below 1.1875 look for further downside with 1.1845 & 1.1810 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
EUR/USD Intraday: further advance.
Pivot:
1.0560
Our preference:
Long positions above 1.0560 with targets at 1.0600 & 1.0615 in extension.
Alternative scenario:
Below 1.0560 look for further downside with 1.0540 & 1.0525 as targets.
Comment:
The RSI lacks downward momentum.
AUD/USD Intraday: watch 0.6570.
Pivot:
0.6625
Our preference:
Short positions below 0.6625 with targets at 0.6570 & 0.6545 in extension.
Alternative scenario:
Above 0.6625 look for further upside with 0.6650 & 0.6675 as targets.
Comment:
A break below 0.6570 would trigger a drop towards 0.6545.
Gold Intraday: continuation of the rebound.
Pivot:
1822.00
Our preference:
Long positions above 1822.00 with targets at 1838.00 & 1844.00 in extension.
Alternative scenario:
Below 1822.00 look for further downside with 1815.00 & 1809.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
USD/JPY Intraday: key resistance at 136.60.
Pivot:
136.60
Our preference:
Short positions below 136.60 with targets at 135.95 & 135.75 in extension.
Alternative scenario:
Above 136.60 look for further upside with 136.90 & 137.15 as targets.
Comment:
As long as the resistance at 136.60 is not surpassed, the risk of the break below 135.95 remains high.
Crude Oil (WTI) (J3) Intraday: under pressure.
Pivot:
76.40
Our preference:
Short positions below 76.40 with targets at 75.00 & 74.10 in extension.
Alternative scenario:
Above 76.40 look for further upside with 77.10 & 78.00 as targets.
Comment:
The RSI is bearish and calls for further downside.