ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 13 December 2022

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Publish date: Tue, 13 Dec 2022, 11:29 AM
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ATFX Daily Market Newsletter

GBP/USD Intraday: bullish bias above 1.2235.

Pivot:

1.2235

Our preference:

Long positions above 1.2235 with targets at 1.2300 & 1.2325 in extension.

Alternative scenario:

Below 1.2235 look for further downside with 1.2205 & 1.2180 as targets.

Comment:

A support base at 1.2235 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

EUR/USD Intraday: key resistance at 1.0555.

Pivot:

1.0555

Our preference:

Short positions below 1.0555 with targets at 1.0505 & 1.0490 in extension.

Alternative scenario:

Above 1.0555 look for further upside with 1.0575 & 1.0590 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.0555.

Analyst Views Chart

AUD/USD Intraday: key resistance at 0.6775.

Pivot:

0.6775

Our preference:

Short positions below 0.6775 with targets at 0.6725 & 0.6705 in extension.

Alternative scenario:

Above 0.6775 look for further upside with 0.6795 & 0.6815 as targets.

Comment:

As long as the resistance at 0.6775 is not surpassed, the risk of the break below 0.6725 remains high.

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1789.00

Our preference:

Short positions below 1789.00 with targets at 1775.00 & 1770.00 in extension.

Alternative scenario:

Above 1789.00 look for further upside with 1795.00 & 1800.00 as targets.

Comment:

Technically the RSI is below its neutrality area at 50.

Analyst Views Chart

USD/JPY Intraday: the upside prevails.

Pivot:

137.10

Our preference:

Long positions above 137.10 with targets at 138.00 & 138.30 in extension.

Alternative scenario:

Below 137.10 look for further downside with 136.65 & 136.30 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Analyst Views Chart

Crude Oil (WTI)‎ (F3)‎ Intraday: intraday support around 72.25.

Pivot:

72.25

Our preference:

Long positions above 72.25 with targets at 74.20 & 75.40 in extension.

Alternative scenario:

Below 72.25 look for further downside with 71.10 & 70.25 as targets.

Comment:

The next resistances are at 74.20 and then at 75.40.

Analyst Views Chart

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