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Publish Date: Mon, 21 Aug 2023, 02:42 AM
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0845
Our preference:
Long positions above 1.0845 with targets at 1.0895 & 1.0910 in extension.
Alternative scenario:
Below 1.0845 look for further downside with 1.0830 & 1.0815 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD Intraday: bullish bias above 1.2710.
Pivot:
1.2710
Our preference:
Long positions above 1.2710 with targets at 1.2765 & 1.2785 in extension.
Alternative scenario:
Below 1.2710 look for further downside with 1.2690 & 1.2670 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: under pressure.
Pivot:
145.60
Our preference:
Short positions below 145.60 with targets at 145.05 & 144.90 in extension.
Alternative scenario:
Above 145.60 look for further upside with 145.75 & 145.90 as targets.
Comment:
The RSI advocates for further downside.
Gold Intraday: choppy.
Pivot:
1895.00
Our preference:
Short positions below 1895.00 with targets at 1884.00 & 1878.00 in extension.
Alternative scenario:
Above 1895.00 look for further upside with 1899.00 & 1903.00 as targets.
Comment:
As long as 1895.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (V3) Intraday: the bias remains bullish.
Pivot:
79.95
Our preference:
Long positions above 79.95 with targets at 81.00 & 81.45 in extension.
Alternative scenario:
Below 79.95 look for further downside with 79.50 & 79.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: watch 0.6450.
Pivot:
0.6375
Our preference:
Long positions above 0.6375 with targets at 0.6430 & 0.6450 in extension.
Alternative scenario:
Below 0.6375 look for further downside with 0.6360 & 0.6345 as targets.
Comment:
The RSI advocates for further upside.