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Publish Date: Fri, 09 Dec 2022, 03:00 AM
GBP/USD Intraday: target 1.2270.
Pivot:
1.2200
Our preference:
Long positions above 1.2200 with targets at 1.2250 & 1.2270 in extension.
Alternative scenario:
Below 1.2200 look for further downside with 1.2175 & 1.2150 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
EUR/USD Intraday: the upside prevails.
Pivot:
1.0520
Our preference:
Long positions above 1.0520 with targets at 1.0575 & 1.0595 in extension.
Alternative scenario:
Below 1.0520 look for further downside with 1.0490 & 1.0465 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
AUD/USD Intraday: further advance.
Pivot:
0.6740
Our preference:
Long positions above 0.6740 with targets at 0.6790 & 0.6815 in extension.
Alternative scenario:
Below 0.6740 look for further downside with 0.6710 & 0.6690 as targets.
Comment:
The RSI advocates for further advance.
Gold Intraday: bullish bias above 1780.00.
Pivot:
1780.00
Our preference:
Long positions above 1780.00 with targets at 1795.00 & 1803.00 in extension.
Alternative scenario:
Below 1780.00 look for further downside with 1775.00 & 1769.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
USD/JPY Intraday: key resistance at 136.85.
Pivot:
136.85
Our preference:
Short positions below 136.85 with targets at 136.25 & 135.95 in extension.
Alternative scenario:
Above 136.85 look for further upside with 137.20 & 137.50 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 136.85.
Crude Oil (WTI) (F3) Intraday: aim @ 70.00.
Pivot:
73.20
Our preference:
Short positions below 73.20 with targets at 71.20 & 70.00 in extension.
Alternative scenario:
Above 73.20 look for further upside with 74.20 & 75.45 as targets.
Comment:
Technically the RSI is below its neutrality area at 50.