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Publish Date: Mon, 05 Dec 2022, 02:16 AM
EUR/USD Intraday: the upside prevails.
Pivot:
1.0505
Our preference:
Long positions above 1.0505 with targets at 1.0560 & 1.0590 in extension.
Alternative scenario:
Below 1.0505 look for further downside with 1.0480 & 1.0450 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
Gold Intraday: the bias remains bullish.
Pivot:
1786.00
Our preference:
Long positions above 1786.00 with targets at 1803.00 & 1810.00 in extension.
Alternative scenario:
Below 1786.00 look for further downside with 1778.00 & 1770.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (F3) Intraday: rebound expected.
Pivot:
79.75
Our preference:
Long positions above 79.75 with targets at 81.50 & 82.20 in extension.
Alternative scenario:
Below 79.75 look for further downside with 79.10 & 78.40 as targets.
Comment:
The RSI calls for a rebound.
GBP/USD Intraday: further advance.
Pivot:
1.2230
Our preference:
Long positions above 1.2230 with targets at 1.2310 & 1.2350 in extension.
Alternative scenario:
Below 1.2230 look for further downside with 1.2185 & 1.2135 as targets.
Comment:
The RSI lacks downward momentum.
USD/JPY Intraday: key resistance at 135.00.
Pivot:
135.00
Our preference:
Short positions below 135.00 with targets at 134.00 & 133.60 in extension.
Alternative scenario:
Above 135.00 look for further upside with 135.50 & 136.00 as targets.
Comment:
As long as the resistance at 135.00 is not surpassed, the risk of the break below 134.00 remains high.
AUD/USD Intraday: rebound expected.
Pivot:
0.6770
Our preference:
Long positions above 0.6770 with targets at 0.6815 & 0.6840 in extension.
Alternative scenario:
Below 0.6770 look for further downside with 0.6750 & 0.6730 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.