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Publish Date: Wed, 14 Dec 2022, 04:37 AM
GBP/USD Intraday: bullish bias above 1.2300.
Pivot:
1.2300
Our preference:
Long positions above 1.2300 with targets at 1.2400 & 1.2440 in extension.
Alternative scenario:
Below 1.2300 look for further downside with 1.2270 & 1.2240 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0580
Our preference:
Long positions above 1.0580 with targets at 1.0655 & 1.0675 in extension.
Alternative scenario:
Below 1.0580 look for further downside with 1.0550 & 1.0525 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: consolidation.
Pivot:
0.6820
Our preference:
Long positions above 0.6820 with targets at 0.6870 & 0.6895 in extension.
Alternative scenario:
Below 0.6820 look for further downside with 0.6790 & 0.6760 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: the bias remains bullish.
Pivot:
1800.00
Our preference:
Long positions above 1800.00 with targets at 1816.00 & 1824.00 in extension.
Alternative scenario:
Below 1800.00 look for further downside with 1795.00 & 1788.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (F3) Intraday: intraday support around 74.00.
Pivot:
74.00
Our preference:
Long positions above 74.00 with targets at 76.40 & 77.80 in extension.
Alternative scenario:
Below 74.00 look for further downside with 72.80 & 72.10 as targets.
Comment:
The next resistances are at 76.40 and then at 77.80.
USD/JPY Intraday: key resistance at 136.40.
Pivot:
136.40
Our preference:
Short positions below 136.40 with targets at 134.80 & 134.40 in extension.
Alternative scenario:
Above 136.40 look for further upside with 136.85 & 137.35 as targets.
Comment:
As long as the resistance at 136.40 is not surpassed, the risk of the break below 134.80 remains high.