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Forex Daily Technical Overview: USD/JPY Further Advance

Published 18/10/2017, 11:01
Updated 09/03/2019, 13:30

Forex Daily Technical Overview 18 Oct 2017
1
GBP/USD Intraday: under pressure

Pivot: 1.3200

Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3090 in extension.

Alternative scenario: above 1.3200 look for further upside with 1.3235 & 1.3265 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.3265
1.3235
1.3200
1.3155 Last
1.3120
1.3090
1.3070
2
USD/JPY Intraday: further advance

Pivot: 112.25

Our preference: long positions above 112.25 with targets at 112.80 & 112.95 in extension.

Alternative scenario: below 112.25 look for further downside with 112.00 & 111.65 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

113.20
112.95
112.80
112.50 Last
112.25
112.00
111.65
3
EUR/USD Intraday: key resistance at 1.1780

Pivot: 1.1780

Our preference: short positions below 1.1780 with targets at 1.1715 & 1.1690 in extension.

Alternative scenario: above 1.1780 look for further upside with 1.1815 & 1.1850 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.1850
1.1815
1.1780
1.1750 Last
1.1715
1.1690
1.1670
4
AUD/USD Intraday: the downside prevails

Pivot: 0.7860

Our preference: short positions below 0.7860 with targets at 0.7815 & 0.7800 in extension.

Alternative scenario: above 0.7860 look for further upside with 0.7875 & 0.7895 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

0.7895
0.7875
0.7860
0.7836 Last
0.7815
0.7800
0.7770
5
Gold spot Intraday: the downside prevails

Pivot: 1284.00

Our preference: short positions below 1284.00 with targets at 1275.00 & 1272.00 in extension.

Alternative scenario: above 1284.00 look for further upside with 1289.00 & 1293.00 as targets.

Comment: the break below the support at 1284.00 triggered a downward acceleration to 1272.00.

Supports and resistances:

1293.00
1289.00
1284.00
1280.55 Last
1275.00
1272.00
1269.50
6
Crude Oil WTI (X7) Intraday: further upside

Pivot: 51.65

Our preference: long positions above 51.65 with targets at 52.40 & 52.65 in extension.

Alternative scenario: below 51.65 look for further downside with 51.45 & 51.20 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:

52.85
52.65
52.40
52.14 Last
51.65
51.45
51.20

Original Post

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