Pre European Open, Daily Technical Analysis February 17, 2016
17 February 2016, 08:27
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GBP/USD Intraday: under pressure.
Pivot: 1.4350
Most Likely Scenario: short positions below 1.4350 with targets @ 1.4240 & 1.4205 in extension.
Alternative scenario: above 1.4350 look for further upside with 1.4400 & 1.4465 as targets.
Comment: the RSI lacks upward momentum
EUR/USD Intraday: the downside prevails.
Pivot: 1.1185
Most Likely Scenario: short positions below 1.1185 with targets @ 1.1120 & 1.1085 in extension.
Alternative scenario: above 1.1185 look for further upside with 1.1210 & 1.1260 as targets.
Comment: the RSI lacks upward momentum.
USD/JPY Intraday: under pressure.
Pivot: 114.40
Most Likely Scenario: short positions below 114.40 with targets @ 113.00 & 112.35 in extension.
Alternative scenario: above 114.40 look for further upside with 114.90 & 115.25 as targets.
Comment: the RSI is badly directed.
AUD/USD Intraday: the downside prevails.
Pivot: 0.7125
Most Likely Scenario: short positions below 0.7125 with targets @ 0.7080 & 0.7060 in extension.
Alternative scenario: above 0.7125 look for further upside with 0.7150 & 0.7180 as targets.
Comment: a break below 0.7080 would trigger a drop towards 0.7060.
Gold spot Intraday: further advance.
Pivot: 1195.00
Most Likely Scenario: long positions above 1195.00 with targets @ 1217.00 & 1232.00 in extension.
Alternative scenario: below 1195.00 look for further downside with 1181.00 & 1175.00 as targets.
Comment: the RSI is mixed to bullish.
