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Publish Date: Fri, 02 Dec 2022, 02:55 AM
EUR/USD Intraday: further upside.
Pivot:
1.0480
Our preference:
Long positions above 1.0480 with targets at 1.0560 & 1.0590 in extension.
Alternative scenario:
Below 1.0480 look for further downside with 1.0450 & 1.0420 as targets.
Comment:
The RSI is bullish and calls for further advance.
Gold Intraday: the upside prevails.
Pivot:
1789.00
Our preference:
Long positions above 1789.00 with targets at 1811.00 & 1823.00 in extension.
Alternative scenario:
Below 1789.00 look for further downside with 1782.00 & 1774.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (F3) Intraday: consolidation.
Pivot:
82.10
Our preference:
Short positions below 82.10 with targets at 80.90 & 80.30 in extension.
Alternative scenario:
Above 82.10 look for further upside with 82.70 & 83.30 as targets.
Comment:
As long as 82.10 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2210
Our preference:
Long positions above 1.2210 with targets at 1.2300 & 1.2350 in extension.
Alternative scenario:
Below 1.2210 look for further downside with 1.2160 & 1.2110 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: under pressure.
Pivot:
136.00
Our preference:
Short positions below 136.00 with targets at 135.00 & 134.30 in extension.
Alternative scenario:
Above 136.00 look for further upside with 136.60 & 137.10 as targets.
Comment:
As long as the resistance at 136.00 is not surpassed, the risk of the break below 135.00 remains high.
AUD/USD Intraday: key resistance at 0.6840.
Pivot:
0.6840
Our preference:
Short positions below 0.6840 with targets at 0.6760 & 0.6740 in extension.
Alternative scenario:
Above 0.6840 look for further upside with 0.6860 & 0.6880 as targets.
Comment:
The RSI advocates for further downside.