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Publish Date: Tue, 19 Sep 2023, 01:55 AM
EUR/USD Intraday: bullish bias above 1.0670.
Pivot:
1.0670
Our preference:
Long positions above 1.0670 with targets at 1.0710 & 1.0725 in extension.
Alternative scenario:
Below 1.0670 look for further downside with 1.0655 & 1.0640 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: towards 1945.00.
Pivot:
1926.00
Our preference:
Long positions above 1926.00 with targets at 1939.00 & 1945.00 in extension.
Alternative scenario:
Below 1926.00 look for further downside with 1921.00 & 1916.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (V3) Intraday: further upside.
Pivot:
91.40
Our preference:
Long positions above 91.40 with targets at 93.00 & 93.80 in extension.
Alternative scenario:
Below 91.40 look for further downside with 90.75 & 90.20 as targets.
Comment:
The RSI shows upside momentum.
GBP/USD Intraday: key resistance at 1.2405.
Pivot:
1.2405
Our preference:
Short positions below 1.2405 with targets at 1.2370 & 1.2350 in extension.
Alternative scenario:
Above 1.2405 look for further upside with 1.2425 & 1.2445 as targets.
Comment:
As long as 1.2405 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: consolidation.
Pivot:
147.80
Our preference:
Short positions below 147.80 with targets at 147.50 & 147.35 in extension.
Alternative scenario:
Above 147.80 look for further upside with 147.95 & 148.10 as targets.
Comment:
The RSI is mixed with a bearish bias.
AUD/USD Intraday: bullish bias above 0.6415.
Pivot:
0.6415
Our preference:
Long positions above 0.6415 with targets at 0.6450 & 0.6470 in extension.
Alternative scenario:
Below 0.6415 look for further downside with 0.6400 & 0.6385 as targets.
Comment:
A support base at 0.6415 has formed and has allowed for a temporary stabilisation.