Technical Overview: GBP/USD Intraday Further Advance
FxGrow | Nov 23, 2017 09:05
Forex Daily Technical Overview 23 Nov 2017
GBP/USD Intraday: further advance
Pivot: 1.3280
Our preference: long positions above 1.3280 with targets at 1.3345 and 1.3375 in extension.
Alternative scenario: below 1.3280 look for further downside with 1.3255 and 1.3220 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.3405
1.3375
1.3345
1.3310 Last
1.3280
1.3255
1.3220
USD/JPY Intraday: the downside prevails
Pivot: 111.95
Our preference: short positions below 111.95 with targets at 111.00 and 110.65 in extension.
Alternative scenario: above 111.95 look for further upside with 112.40 and 112.70 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
112.70
112.40
111.95
111.50 Last
111.00
110.65
110.25
EUR/USD Intraday: the bias remains bullish
Pivot: 1.1785
Our preference: long positions above 1.1785 with targets at 1.1850 and 1.1880 in extension.
Alternative scenario: below 1.1785 look for further downside with 1.1755 and 1.1735 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
1.1910
1.1880
1.1850
1.1820 Last
1.1785
1.1755
1.1735
AUD/USD Intraday: the upside prevails
Pivot: 0.7590
Get The App
Our preference: long positions above 0.7590 with targets at 0.7625 and 0.7650 in extension.
Alternative scenario: below 0.7590 look for further downside with 0.7560 and 0.7530 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
0.7675 ***
0.7650 ***
0.7625 ***
0.7610 Last
0.7590 ***
0.7560 ***
0.7530 ***
Crude Oil (F8) Intraday: supported by a rising trend line
Pivot: 57.50
Our preference: long positions above 57.50 with targets at 58.20 and 58.60 in extension.
Alternative scenario: below 57.50 look for further downside with 57.15 and 56.85 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
59.00
58.60
58.20
57.90 Last
57.50
57.15
56.85
Gold spot Intraday: bullish bias above 1284.00
Pivot: 1284.00
Our preference: long positions above 1284.00 with targets at 1297.00 and 1300.00 in extension.
Alternative scenario: below 1284.00 look for further downside with 1279.00 and 1276.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1303.50
1300.00
1297.00
1289.27 Last
1284.00
1279.00
1276.00
Original Post
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.