Friday's Forex Technical Overview: GBP/USD, USD/JPY, EUR/USD
FxGrow | Nov 17, 2017 04:20AM ET
Forex Daily Technical Overview 17 Nov. 2017
GBP/USD Intraday: further advance.
Pivot: 1.3175
Our preference: long positions above 1.3175 with targets at 1.3275 and 1.3300 in extension.
Alternative scenario: below 1.3175 look for further downside with 1.3135 and 1.3110 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.3320
1.3300
1.3275
1.3230 Last
1.3175
1.3135
1.3110
USD/JPY Intraday: under pressure.
Pivot: 113.00
Our preference: short positions below 113.00 with targets at 112.15 and 111.90 in extension.
Alternative scenario: above 113.00 look for further upside with 113.30 and 113.55 as targets.
Comment: technically the RSI is below its neutrality area at 50.
Supports and resistances:
113.55 ***
113.30 ***
113.00 ***
112.60 Last
112.15 **
111.90 ***
111.60 **
EUR/USD Intraday: the upside prevails.
Pivot: 1.1760
Our preference: long positions above 1.1760 with targets at 1.1830 and 1.1860 in extension.
Alternative scenario: below 1.1760 look for further downside with 1.1725 and 1.1700 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.1880
1.1860
1.1830
1.1796 Last
1.1760
1.1725
1.1700
AUD/USD Intraday: under pressure.
Pivot: 0.7605
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Our preference: short positions below 0.7605 with targets at 0.7525 and 0.7490 in extension.
Alternative scenario: above 0.7605 look for further upside with 0.7630 and 0.7650 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
0.7650 ***
0.7630 *
0.7605 ***
0.7560 Last
0.7525 ***
0.7490 **
0.7470 ***
Gold spot Intraday: the upside prevails.
Pivot: 1277.00
Our preference: long positions above 1277.00 with targets at 1286.50 and 1289.50 in extension.
Alternative scenario: below 1277.00 look for further downside with 1273.00 and 1270.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1293.00
1289.50
1286.50
1282.20 Last
1277.00
1273.00
1270.00
Crude Oil (WTI) (Z7) Intraday: caution.
Pivot: 55.48
Our preference: short positions below 55.48 with targets at 55.00 and 54.80 in extension.
Alternative scenario: above 55.48 look for further upside with 55.80 and 56.05 as targets.
Comment: the RSI is mixed and calls for caution.
Supports and resistances:
56.05
55.80
55.48
55.37 Last
55.00
54.80
54.40
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