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Publish Date: Fri, 19 May 2023, 01:58 AM
AUD/USD Intraday: rebound expected.
Pivot:
0.6605
Our preference:
Long positions above 0.6605 with targets at 0.6645 & 0.6670 in extension.
Alternative scenario:
Below 0.6605 look for further downside with 0.6585 & 0.6565 as targets.
Comment:
The RSI calls for a rebound.
Gold Intraday: target 1940.00.
Pivot:
1972.00
Our preference:
Short positions below 1972.00 with targets at 1950.00 & 1940.00 in extension.
Alternative scenario:
Above 1972.00 look for further upside with 1979.00 & 1986.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Crude Oil (WTI) (N3) Intraday: choppy.
Pivot:
72.55
Our preference:
Short positions below 72.55 with targets at 71.50 & 71.00 in extension.
Alternative scenario:
Above 72.55 look for further upside with 72.85 & 73.30 as targets.
Comment:
The RSI is around its neutrality area at 50%
EUR/USD Intraday: the downside prevails.
Pivot:
1.0805
Our preference:
Short positions below 1.0805 with targets at 1.0750 & 1.0730 in extension.
Alternative scenario:
Above 1.0805 look for further upside with 1.0830 & 1.0850 as targets.
Comment:
As long as 1.0805 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: watch 1.2385.
Pivot:
1.2450
Our preference:
Short positions below 1.2450 with targets at 1.2385 & 1.2365 in extension.
Alternative scenario:
Above 1.2450 look for further upside with 1.2475 & 1.2510 as targets.
Comment:
A break below 1.2385 would trigger a drop towards 1.2365.
USD/JPY Intraday: further upside.
Pivot:
138.00
Our preference:
Long positions above 138.00 with targets at 139.00 & 139.40 in extension.
Alternative scenario:
Below 138.00 look for further downside with 137.65 & 137.25 as targets.
Comment:
The break above 138.00 is a positive signal that has opened a path to 139.00.