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Publish Date: Wed, 04 Oct 2023, 03:30 AM
EUR/USD Intraday: key resistance at 1.0490.
Pivot:
1.0490
Our preference:
Short positions below 1.0490 with targets at 1.0445 & 1.0430 in extension.
Alternative scenario:
Above 1.0490 look for further upside with 1.0510 & 1.0530 as targets.
Comment:
As long as the resistance at 1.0490 is not surpassed, the risk of the break below 1.0445 remains high.
GBP/USD Intraday: key resistance at 1.2100.
Pivot:
1.2100
Our preference:
Short positions below 1.2100 with targets at 1.2050 & 1.2025 in extension.
Alternative scenario:
Above 1.2100 look for further upside with 1.2125 & 1.2150 as targets.
Comment:
As long as the resistance at 1.2100 is not surpassed, the risk of the break below 1.2050 remains high.
AUD/USD Intraday: key resistance at 0.6330.
Pivot:
0.6330
Our preference:
Short positions below 0.6330 with targets at 0.6280 & 0.6260 in extension.
Alternative scenario:
Above 0.6330 look for further upside with 0.6350 & 0.6370 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
USD/JPY Intraday: key resistance at 149.50.
Pivot:
149.50
Our preference:
Short positions below 149.50 with targets at 148.50 & 148.20 in extension.
Alternative scenario:
Above 149.50 look for further upside with 149.80 & 150.16 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 149.50.
Crude Oil (WTI) (X3) Intraday: bullish bias above 88.70.
Pivot:
88.70
Our preference:
Long positions above 88.70 with targets at 90.20 & 90.80 in extension.
Alternative scenario:
Below 88.70 look for further downside with 88.20 & 87.75 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
Gold Intraday: bullish bias above 1815.00.
Pivot:
1815.00
Our preference:
Long positions above 1815.00 with targets at 1833.00 & 1840.00 in extension.
Alternative scenario:
Below 1815.00 look for further downside with 1809.00 & 1803.00 as targets.
Comment:
The RSI calls for a bounce.