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Publish Date: Fri, 22 Sep 2023, 02:53 AM
EUR/USD Intraday: bullish bias above 1.0635.
Pivot:
1.0635
Our preference:
Long positions above 1.0635 with targets at 1.0670 & 1.0690 in extension.
Alternative scenario:
Below 1.0635 look for further downside with 1.0615 & 1.0600 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: key resistance at 1.2310.
Pivot:
1.2310
Our preference:
Short positions below 1.2310 with targets at 1.2270 & 1.2250 in extension.
Alternative scenario:
Above 1.2310 look for further upside with 1.2330 & 1.2350 as targets.
Comment:
As long as 1.2310 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 147.30.
Pivot:
147.30
Our preference:
Long positions above 147.30 with targets at 147.75 & 147.90 in extension.
Alternative scenario:
Below 147.30 look for further downside with 147.15 & 147.00 as targets.
Comment:
A support base at 147.30 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI) (X3) Intraday: consolidation in place.
Pivot:
90.40
Our preference:
Short positions below 90.40 with targets at 88.90 & 88.35 in extension.
Alternative scenario:
Above 90.40 look for further upside with 90.95 & 91.65 as targets.
Comment:
As long as 90.40 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: key resistance at 1926.00.
Pivot:
1926.00
Our preference:
Short positions below 1926.00 with targets at 1913.00 & 1906.00 in extension.
Alternative scenario:
Above 1926.00 look for further upside with 1931.00 & 1937.00 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
AUD/USD Intraday: key resistance at 0.6430.
Pivot:
0.6430
Our preference:
Short positions below 0.6430 with targets at 0.6400 & 0.6385 in extension.
Alternative scenario:
Above 0.6430 look for further upside with 0.6445 & 0.6460 as targets.
Comment:
The RSI is mixed with a bearish bias.