Pakistan Share Market Updates
Pakistan Share Market Updates
June 17, 2025 at 01:07 PM
*17 June 2025* *Gold Intraday: the downside prevails.* Pivot: 3423.00 Our preference: short positions below 3423.00 with targets at 3392.00 & 3378.00 in extension. Alternative scenario: above 3423.00 look for further upside with 3439.00 & 3453.00 as targets. Comment: as long as the resistance at 3423.00 is not surpassed, the risk of the break below 3392.00 remains high. *Silver Intraday: the bias remains bullish.* Pivot: 36.20 Our preference: Long positions above 36.20 with targets at 36.70 & 36.90 in extension. Alternative scenario: Below 36.20 look for further downside with 36.05 & 35.90 as targets. Comment: Technically the RSI is above its neutrality area at 50. *Crude Oil Intraday: intraday support around 70.70.* Pivot: 70.70 Our preference: long positions above 70.70 with targets at 73.80 & 75.50 in extension. Alternative scenario: below 70.70 look for further downside with 69.25 & 67.90 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. *Brent (OIL) Intraday: the bias remains bullish.* Pivot: 72.15 Our preference: long positions above 72.15 with targets at 74.85 & 76.65 in extension. Alternative scenario: below 72.15 look for further downside with 70.50 & 69.25 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. *EUR/USD Intraday: key resistance at 1.1585.* Pivot: 1.1585 Our preference: short positions below 1.1585 with targets at 1.1540 & 1.1525 in extension. Alternative scenario: above 1.1585 look for further upside with 1.1610 & 1.1630 as targets. Comment: as long as the resistance at 1.1585 is not surpassed, the risk of the break below 1.1540 remains high. *EUR/JPY intraday : target 166.29* Our pivot point is at 167.61. Our preference: target 166.29 Alternative scenario: above 167.61, look for 168.05 and 168.31. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (167.32) but above its 50 period moving average (167.04). *GBP/USD Intraday: watch 1.3555.* Pivot: 1.3600 Our preference: short positions below 1.3600 with targets at 1.3555 & 1.3540 in extension. Alternative scenario: above 1.3600 look for further upside with 1.3625 & 1.3650 as targets. Comment: as long as the resistance at 1.3600 is not surpassed, the risk of the break below 1.3555 remains high. *GBP/JPY intraday : target 194.89* Our pivot point is at 196.94. Our preference: target 194.89 Alternative scenario: above 196.94, look for 197.63 and 198.04. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (196.51) but above its 50 period moving average (196.10). Finally, the GBP/JPY is trading below its lower Bollinger band (standing at 196.21). *USD/JPY Intraday: caution.* Pivot: 144.20 Our preference: long positions above 144.20 with targets at 145.10 & 145.45 in extension. Alternative scenario: below 144.20 look for further downside with 143.80 & 143.40 as targets. Comment: intraday technical indicators are mixed and call for caution. *USD/CAD Intraday: bullish bias above 1.3545.* Pivot: 1.3545 Our preference: long positions above 1.3545 with targets at 1.3585 & 1.3605 in extension. Alternative scenario: below 1.3545 look for further downside with 1.3520 & 1.3500 as targets. Comment: the next resistances are at 1.3585 and then at 1.3605.

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