Continuation Of The Rebound
FxGrow | Dec 19, 2017 21:26
GBP/USD Intraday: continuation of the rebound.
Pivot: 1.3360
Our preference: long positions above 1.3360 with targets at 1.3420 & 1.3445 in extension.
Alternative scenario: below 1.3360 look for further downside with 1.3330 & 1.3300 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.3470
1.3445
1.3420
1.3391 Last
1.3360
1.3330
1.3300
USD/JPY Intraday: consolidation.
Pivot: 112.75
Our preference: short positions below 112.75 with targets at 112.30 & 112.05 in extension.
Alternative scenario: above 112.75 look for further upside with 113.00 & 113.25 as targets.
Comment: the upward potential is likely to be limited by the resistance at 112.75.
Supports and resistances:
113.25
113.00
112.75
112.50 Last
112.30
112.05
111.85
EUR/USD Intraday: further advance.
Pivot: 1.1775
Our preference: long positions above 1.1775 with targets at 1.1835 & 1.1865 in extension.
Alternative scenario: below 1.1775 look for further downside with 1.1760 & 1.1740 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.1885
1.1865
1.1835
1.1810 Last
1.1775
1.1760
1.1740
AUD/USD Intraday: the bias remains bullish.
Pivot: 0.7650
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Our preference: long positions above 0.7650 with targets at 0.7680 & 0.7695 in extension.
Alternative scenario: below 0.7650 look for further downside with 0.7635 & 0.7615 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
0.7720 **
0.7695 ***
0.7680 ***
0.7670 Last
0.7650 ***
0.7635 ***
0.7615 ***
Crude Oil (WTI) (F18) Intraday: turning up.
Pivot: 56.80
Our preference: long positions above 56.80 with targets at 57.85 & 58.15 in extension.
Alternative scenario: below 56.80 look for further downside with 56.45 & 56.10 as targets.
Comment: the RSI calls for a rebound.
Supports and resistances:
58.55
58.15
57.85
57.40 Last
56.80
56.45
56.10
Gold spot Intraday: further upside.
Pivot: 1256.50
Our preference: long positions above 1256.50 with targets at 1267.00 & 1272.00 in extension.
Alternative scenario: below 1256.50 look for further downside with 1250.50 & 1245.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1276.50
1272.00
1267.00
1263.61 Last
1256.50
1250.50
1245.00
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