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Publish Date: Fri, 16 Dec 2022, 03:23 AM
GBP/USD Intraday: key resistance at 1.2240.
Pivot:
1.2240
Our preference:
Short positions below 1.2240 with targets at 1.2150 & 1.2120 in extension.
Alternative scenario:
Above 1.2240 look for further upside with 1.2290 & 1.2340 as targets.
Comment:
As long as the resistance at 1.2240 is not surpassed, the risk of the break below 1.2150 remains high.
EUR/USD Intraday: key resistance at 1.0660.
Pivot:
1.0660
Our preference:
Short positions below 1.0660 with targets at 1.0590 & 1.0570 in extension.
Alternative scenario:
Above 1.0660 look for further upside with 1.0685 & 1.0710 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.0660.
AUD/USD Intraday: watch 0.6675.
Pivot:
0.6750
Our preference:
Short positions below 0.6750 with targets at 0.6675 & 0.6650 in extension.
Alternative scenario:
Above 0.6750 look for further upside with 0.6785 & 0.6820 as targets.
Comment:
A break below 0.6675 would trigger a drop towards 0.6650.
Gold Intraday: under pressure.
Pivot:
1790.00
Our preference:
Short positions below 1790.00 with targets at 1766.00 & 1758.00 in extension.
Alternative scenario:
Above 1790.00 look for further upside with 1800.00 & 1808.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
USD/JPY Intraday: the upside prevails.
Pivot:
137.10
Our preference:
Long positions above 137.10 with targets at 138.20 & 138.60 in extension.
Alternative scenario:
Below 137.10 look for further downside with 136.70 & 136.30 as targets.
Comment:
The RSI lacks downward momentum.
Crude Oil (WTI) (F3) Intraday: the downside prevails.
Pivot:
77.10
Our preference:
Short positions below 77.10 with targets at 75.40 & 74.50 in extension.
Alternative scenario:
Above 77.10 look for further upside with 77.80 & 78.70 as targets.
Comment:
The RSI is below its neutrality area at 50%