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Publish Date: Mon, 14 Aug 2023, 04:19 AM
USD/JPY Intraday: bullish bias above 144.50.
Pivot:
144.50
Our preference:
Long positions above 144.50 with targets at 145.10 & 145.40 in extension.
Alternative scenario:
Below 144.50 look for further downside with 144.25 & 144.00 as targets.
Comment:
The RSI calls for a bounce.
EUR/USD Intraday: 1.0900 in sight.
Pivot:
1.0975
Our preference:
Short positions below 1.0975 with targets at 1.0920 & 1.0900 in extension.
Alternative scenario:
Above 1.0975 look for further upside with 1.0990 & 1.1005 as targets.
Comment:
The RSI is bearish and calls for further decline.
GBP/USD Intraday: the downside prevails.
Pivot:
1.2735
Our preference:
Short positions below 1.2735 with targets at 1.2665 & 1.2640 in extension.
Alternative scenario:
Above 1.2735 look for further upside with 1.2755 & 1.2785 as targets.
Comment:
The RSI calls for a new downleg.
Crude Oil (WTI) (U3) Intraday: look for 81.50.
Pivot:
83.80
Our preference:
Short positions below 83.80 with targets at 82.20 & 81.50 in extension.
Alternative scenario:
Above 83.80 look for further upside with 84.30 & 84.85 as targets.
Comment:
The RSI calls for a drop.
Gold Intraday: the downside prevails.
Pivot:
1921.00
Our preference:
Short positions below 1921.00 with targets at 1910.00 & 1904.00 in extension.
Alternative scenario:
Above 1921.00 look for further upside with 1927.00 & 1932.00 as targets.
Comment:
As long as the resistance at 1921.00 is not surpassed, the risk of the break below 1910.00 remains high.
AUD/USD Intraday: under pressure.
Pivot:
0.6520
Our preference:
Short positions below 0.6520 with targets at 0.6485 & 0.6470 in extension.
Alternative scenario:
Above 0.6520 look for further upside with 0.6535 & 0.6550 as targets.
Comment:
The RSI advocates for further downside.