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Publish Date: Thu, 08 Dec 2022, 01:26 AM
GBP/USD Intraday: key resistance at 1.2190.
Pivot:
1.2190
Our preference:
Short positions below 1.2190 with targets at 1.2100 & 1.2070 in extension.
Alternative scenario:
Above 1.2190 look for further upside with 1.2225 & 1.2270 as targets.
Comment:
As long as the resistance at 1.2190 is not surpassed, the risk of the break below 1.2100 remains high.
EUR/USD Intraday: under pressure.
Pivot:
1.0495
Our preference:
Short positions below 1.0495 with targets at 1.0445 & 1.0425 in extension.
Alternative scenario:
Above 1.0495 look for further upside with 1.0515 & 1.0530 as targets.
Comment:
The break below 1.0495 is a negative signal that has opened a path to 1.0445.
AUD/USD Intraday: the downside prevails.
Pivot:
0.6720
Our preference:
Short positions below 0.6720 with targets at 0.6665 & 0.6635 in extension.
Alternative scenario:
Above 0.6720 look for further upside with 0.6745 & 0.6775 as targets.
Comment:
As long as the resistance at 0.6720 is not surpassed, the risk of the break below 0.6665 remains high.
Gold Intraday: choppy.
Pivot:
1776.00
Our preference:
Short positions below 1776.00 with targets at 1765.00 & 1760.00 in extension.
Alternative scenario:
Above 1776.00 look for further upside with 1781.00 & 1787.00 as targets.
Comment:
The immediate trend remains down but the momentum is weak.
USD/JPY Intraday: bullish bias above 136.40.
Pivot:
136.40
Our preference:
Long positions above 136.40 with targets at 137.50 & 138.00 in extension.
Alternative scenario:
Below 136.40 look for further downside with 135.95 & 135.55 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (F3) Intraday: key resistance at 75.50.
Pivot:
75.50
Our preference:
Short positions below 75.50 with targets at 73.60 & 73.00 in extension.
Alternative scenario:
Above 75.50 look for further upside with 76.80 & 77.80 as targets.
Comment:
The RSI is below its neutrality area at 50%