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Today's Trading Strategies
January 10, 2023
 
   
 
GBP/USD   AUD/USD   Gold   USD/JPY   Nasdaq 100 (CME)   Dow Jones (CME)   GBP/JPY  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
GBP/USD Intraday: bullish bias above 1.2135.
 
Pivot:
1.2135
 
Our preference:
Long positions above 1.2135 with targets at 1.2210 & 1.2260 in extension.
 
Alternative scenario:
Below 1.2135 look for further downside with 1.2105 & 1.2070 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
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AUD/USD Intraday: under pressure.
 
Pivot:
0.6950
 
Our preference:
Short positions below 0.6950 with targets at 0.6875 & 0.6850 in extension.
 
Alternative scenario:
Above 0.6950 look for further upside with 0.6970 & 0.6990 as targets.
 
Comment:
Technically the RSI is below its neutrality area at 50.
 
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Gold Intraday: consolidation in place.
 
Pivot:
1881.00
 
Our preference:
Short positions below 1881.00 with targets at 1864.00 & 1852.00 in extension.
 
Alternative scenario:
Above 1881.00 look for further upside with 1891.00 & 1900.00 as targets.
 
Comment:
Intraday technical indicators lack momentum.
 
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USD/JPY Intraday: key resistance at 132.25.
 
Pivot:
132.25
 
Our preference:
Short positions below 132.25 with targets at 131.30 & 130.80 in extension.
 
Alternative scenario:
Above 132.25 look for further upside with 132.65 & 133.00 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 132.25.
 
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Nasdaq 100 (CME)‎ (H3)‎ Intraday: under pressure.
 
Pivot:
11280.00
 
Our preference:
Short positions below 11280.00 with targets at 11125.00 & 11000.00 in extension.
 
Alternative scenario:
Above 11280.00 look for further upside with 11370.00 & 11480.00 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
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Dow Jones (CME)‎ (H3)‎ Intraday: the downside prevails.
 
Pivot:
33850.00
 
Our preference:
Short positions below 33850.00 with targets at 33430.00 & 33300.00 in extension.
 
Alternative scenario:
Above 33850.00 look for further upside with 34060.00 & 34330.00 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 
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GBP/JPY intraday: the downside prevails as long as 161.21 is resistance
 
Our pivot point stands at 161.21.
 
Our preference:
The downside prevails as long as 161.21 is resistance.
 
Alternative scenario:
Above 161.21, look for 162.14 and 162.69.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 160.52 and 160.48).
 
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