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Publish Date: Mon, 25 Sep 2023, 04:08 AM
EUR/USD Intraday: key resistance at 1.0670.
Pivot:
1.0670
Our preference:
Short positions below 1.0670 with targets at 1.0630 & 1.0615 in extension.
Alternative scenario:
Above 1.0670 look for further upside with 1.0685 & 1.0700 as targets.
Comment:
As long as 1.0670 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: the downside prevails.
Pivot:
1.2265
Our preference:
Short positions below 1.2265 with targets at 1.2230 & 1.2210 in extension.
Alternative scenario:
Above 1.2265 look for further upside with 1.2285 & 1.2305 as targets.
Comment:
As long as the resistance at 1.2265 is not surpassed, the risk of the break below 1.2230 remains high.
AUD/USD Intraday: consolidation.
Pivot:
0.6455
Our preference:
Short positions below 0.6455 with targets at 0.6425 & 0.6410 in extension.
Alternative scenario:
Above 0.6455 look for further upside with 0.6470 & 0.6485 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.
USD/JPY Intraday: further advance.
Pivot:
148.00
Our preference:
Long positions above 148.00 with targets at 148.60 & 148.90 in extension.
Alternative scenario:
Below 148.00 look for further downside with 147.70 & 147.40 as targets.
Comment:
The RSI calls for a new upleg.
Crude Oil (WTI) (X3) Intraday: bounce.
Pivot:
89.70
Our preference:
Long positions above 89.70 with targets at 90.75 & 91.30 in extension.
Alternative scenario:
Below 89.70 look for further downside with 89.30 & 88.90 as targets.
Comment:
The RSI calls for a bounce.