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Forex Daily Technical Overview For Nov. 22, 2017

Published 2017-11-22, 05:35 a/m
EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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GBP/USD Intraday: supported by a rising trend line.

1
Pivot: 1.3220

Our preference: long positions above 1.3220 with targets at 1.3280 & 1.3300 in extension.

Alternative scenario: below 1.3220 look for further downside with 1.3200 & 1.3180 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.3320
1.3300
1.3280
1.3250 Last
1.3220
1.3200
1.3180

USD/JPY Intraday: under pressure.
2
Pivot: 112.50

Our preference: short positions below 112.50 with targets at 111.95 & 111.70 in extension.

Alternative scenario: above 112.50 look for further upside with 112.70 & 113.00 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
113.00 ***
112.70 ***
112.50 ***
112.20 Last
111.95 ***
111.70 ***
111.35 ***

EUR/USD Intraday: continuation of the rebound.
3
Pivot: 1.1730

Our preference: long positions above 1.1730 with targets at 1.1775 & 1.1810 in extension.

Alternative scenario: below 1.1730 look for further downside with 1.1710 & 1.1685 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.1850
1.1810
1.1775
1.1765 Last
1.1730
1.1710
1.1685

AUD/USD Intraday: bullish bias above 0.7555.
4
Pivot: 0.7555

Our preference: long positions above 0.7555 with targets at 0.7590 & 0.7610 in extension.

Alternative scenario: below 0.7555 look for further downside with 0.7530 & 0.7510 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
0.7635 ***
0.7610 ***
0.7590 ***
0.7575 Last
0.7555 ***
0.7530 ***
0.7510 **

Crude Oil‏ (WTI)‏ (F8) Intraday: further advance.
5
Pivot: 57.20

Our preference: long positions above 57.20 with targets at 58.15 & 58.60 in extension.

Alternative scenario: below 57.20 look for further downside with 56.85 & 56.55 as targets.

Comment: the RSI advocates for further upside.

Supports and resistances:
59.00
58.60
58.15
57.86 Last
57.20
56.85
56.55

Gold spot Intraday: continuation of the rebound.
6
Pivot: 1276.00

Our preference: long positions above 1276.00 with targets at 1290.00 & 1293.50 in extension.

Alternative scenario: below 1276.00 look for further downside with 1271.50 & 1266.00 as targets.

Comment: the RSI is supported by a bullish trend line.

Supports and resistances:
1297.00
1293.50
1290.00
1283.80 Last
1276.00
1271.50
1266.00

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