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Publish Date: Tue, 05 Sep 2023, 01:53 AM
EUR/USD Intraday: bullish bias above 1.0770.
Pivot:
1.0770
Our preference:
Long positions above 1.0770 with targets at 1.0810 & 1.0830 in extension.
Alternative scenario:
Below 1.0770 look for further downside with 1.0750 & 1.0730 as targets.
Comment:
The RSI calls for a rebound.
GBP/USD Intraday: bullish bias above 1.2600.
Pivot:
1.2600
Our preference:
Long positions above 1.2600 with targets at 1.2645 & 1.2670 in extension.
Alternative scenario:
Below 1.2600 look for further downside with 1.2575 & 1.2550 as targets.
Comment:
The next resistances are at 1.2645 and then at 1.2670.
USD/JPY Intraday: the upside prevails.
Pivot:
146.20
Our preference:
Long positions above 146.20 with targets at 146.70 & 146.90 in extension.
Alternative scenario:
Below 146.20 look for further downside with 146.00 & 145.80 as targets.
Comment:
The RSI is bullish and calls for further advance.
AUD/USD Intraday: choppy.
Pivot:
0.6480
Our preference:
Short positions below 0.6480 with targets at 0.6440 & 0.6420 in extension.
Alternative scenario:
Above 0.6480 look for further upside with 0.6500 & 0.6520 as targets.
Comment:
As long as the resistance at 0.6480 is not surpassed, the risk of the break below 0.6440 remains high.
Gold Intraday: choppy.
Pivot:
1943.00
Our preference:
Short positions below 1943.00 with targets at 1934.00 & 1928.00 in extension.
Alternative scenario:
Above 1943.00 look for further upside with 1948.00 & 1953.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
Crude Oil (WTI) (V3) Intraday: bullish bias above 85.30.
Pivot:
85.30
Our preference:
Long positions above 85.30 with targets at 86.40 & 87.00 in extension.
Alternative scenario:
Below 85.30 look for further downside with 84.60 & 84.00 as targets.
Comment:
A support base at 85.30 has formed and has allowed for a temporary stabilisation.