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Publish Date: Thu, 07 Sep 2023, 04:08 AM
EUR/USD Intraday: bullish bias above 1.0700.
Pivot:
1.0700
Our preference:
Long positions above 1.0700 with targets at 1.0745 & 1.0760 in extension.
Alternative scenario:
Below 1.0700 look for further downside with 1.0685 & 1.0670 as targets.
Comment:
A support base at 1.0700 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: the downside prevails.
Pivot:
1.2530
Our preference:
Short positions below 1.2530 with targets at 1.2480 & 1.2450 in extension.
Alternative scenario:
Above 1.2530 look for further upside with 1.2560 & 1.2585 as targets.
Comment:
As long as the resistance at 1.2530 is not surpassed, the risk of the break below 1.2480 remains high.
AUD/USD Intraday: bullish bias above 0.6355.
Pivot:
0.6355
Our preference:
Long positions above 0.6355 with targets at 0.6405 & 0.6420 in extension.
Alternative scenario:
Below 0.6355 look for further downside with 0.6340 & 0.6325 as targets.
Comment:
The RSI calls for a rebound.
USD/JPY Intraday: further upside.
Pivot:
147.20
Our preference:
Long positions above 147.20 with targets at 148.00 & 148.30 in extension.
Alternative scenario:
Below 147.20 look for further downside with 147.00 & 146.80 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: aim @ 1907.00.
Pivot:
1924.00
Our preference:
Short positions below 1924.00 with targets at 1912.00 & 1907.00 in extension.
Alternative scenario:
Above 1924.00 look for further upside with 1929.00 & 1934.00 as targets.
Comment:
The RSI lacks upward momentum.
Crude Oil (WTI) (V3) Intraday: intraday support around 86.90.
Pivot:
86.90
Our preference:
Long positions above 86.90 with targets at 88.05 & 89.00 in extension.
Alternative scenario:
Below 86.90 look for further downside with 86.15 & 85.60 as targets.
Comment:
The RSI is bullish and calls for further upside.