Market Analysis

Daily Technical Analysis

19.12.2014

EUR/USD


Daily Technical Analysis on EUR/USD

December 19, 2014
Current level - 1.2283

The pair is targeting a test and braking of the 1.2246 support. Both short and long term chart frames signal a negative mood and confirmation will follow once the 1.2246 level goes down.



resistance
intraday intraweek
1.2560 1.2600
1.2600 1.2880
support
intraday intraweek
1.2322 1.2246
1.2246 1.2040

USD/JPY


Daily Technical Analysis on USD/JPY

December 19, 2014
Current level - 118.99

After the correction to 115.54 the pair gained pace to close above 118.80. Full confirmation of the northbound trend will follow once the 119.55 obstacle falls. Levels to watch in the long run is 122.00.

resistance
intraday intraweek
119.55 122.00
119.80 124.16
support
intraday intraweek
116.50 116.00
116.00 115.30

GBP/USD


Daily Technical Analysis on GBP/USD

December 19, 2014
Current level - 1.5661

The range-bound trading in GBP/USD between the 1.5750 resistance and the 1.5530 support remains intact. In the mid-term we expect the downtrend of the pair to resume in direction of the key 1.5430 support.

resistance
intraday intraweek
1.5754 1.5940
1.5825 1.6020
support
intraday intraweek
1.5529 1.5430
1.5430
1.5196

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