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Publish Date: Tue, 13 Jun 2023, 02:12 AM
UD/USD Intraday: bullish bias above 0.6730.
Pivot:
0.6730
Our preference:
Long positions above 0.6730 with targets at 0.6770 & 0.6785 in extension.
Alternative scenario:
Below 0.6730 look for further downside with 0.6715 & 0.6700 as targets.
Comment:
The RSI is mixed with a bullish bias.
Gold Intraday: rebound expected.
Pivot:
1952.00
Our preference:
Long positions above 1952.00 with targets at 1966.00 & 1973.00 in extension.
Alternative scenario:
Below 1952.00 look for further downside with 1948.00 & 1943.00 as targets.
Comment:
The RSI calls for a rebound.
Crude Oil (WTI) (N3) Intraday: under pressure.
Pivot:
68.70
Our preference:
Short positions below 68.70 with targets at 66.40 & 64.90 in extension.
Alternative scenario:
Above 68.70 look for further upside with 69.50 & 70.40 as targets.
Comment:
The RSI is below its neutrality area at 50%
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0735
Our preference:
Long positions above 1.0735 with targets at 1.0775 & 1.0790 in extension.
Alternative scenario:
Below 1.0735 look for further downside with 1.0720 & 1.0700 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: the downside prevails.
Pivot:
1.2535
Our preference:
Short positions below 1.2535 with targets at 1.2485 & 1.2465 in extension.
Alternative scenario:
Above 1.2535 look for further upside with 1.2555 & 1.2575 as targets.
Comment:
The RSI is bearish and calls for further decline.
USD/JPY Intraday: bullish bias above 139.10.
Pivot:
139.10
Our preference:
Long positions above 139.10 with targets at 139.75 & 139.95 in extension.
Alternative scenario:
Below 139.10 look for further downside with 138.90 & 138.75 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.