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Daily technical analysis

EUR/USD
0.05050%
USD/JPY
0.05050%
GBP/USD
0.05050%
EUGERMANY30
0.05050%
US30
0.05050%
UK100
0.05050%

December 12, 2018

EUR/USD

Daily Technical Analysis on EUR/USD

Current level - 1.1332

After the retracement to 1.13999 and the following sharp fall the expectations remain negative. It's possible to see a rise up to the 1.1350 zone and afterwards a renewal of the downtrend. The first target is 1.1260 followed by 1.1210 in extension.

resistance
intraday intraweek
1.1350 1.1450
1.1400 1.1500
support
intraday intraweek
1.1300 1.1210
1.1260 1.0850

USD/JPY

Daily Technical Analysis on USD/JPY

Current level - 113.43

We can say the breakthrough of 113.00 was successful. The first resistance for the move upwards is the 113.80 zone. Historically strong resistance is 114.50 and for rallies further we'll have to see a successfully break of that level otherwise a failed test can bring the pair to 112.00.

resistance
intraday intraweek
113.65 114.50
114.00 116.20
support
intraday intraweek
113.00 112.20
112.50 111.60

GBP/USD

Daily Technical Analysis on GBP/USD

Current level - 1.2507

The powerful break of 1.2690 suggests continuation of the downtrend after the consolidation. To find hope for rising the sterling should go back above 1.2690. Political insecurity may give momentum to the downfall and we could soon observe levels around 1.2200.

resistance
intraday intraweek
1.2600 1.2880
1.2690 1.3030
support
intraday intraweek
1.2500 1.2360
1.2460
1.2140

EUGERMANY30

Daily Technical Analysis on EUGERMANY30

Current level - 10851

We are observing a retracement after the fall to 10584. It's possible to see a rise to the 11040 zone, that could be the end of the correction and a new drop to 10600 zone.

resistance
intraday intraweek
10890 11040
10950 11250
support
intraday intraweek
10700 10500
10585
10300

US30

Daily Technical Analysis on US30

Current level - 24504

Yesterday we saw a retracement followed by a sell-off during the US session. After a second failed test at 24800 I expect another fall as first support is 24200 and second 23880.

resistance
intraday intraweek
24600 25190
24800 25500
support
intraday intraweek
24200 23350
23880
23100

UK100

Daily Technical Analysis on UK100

Current level - 6851

If the benchmark breaks the 6860 zone we can see a test of the 6900 zone. If the test is successful we can see further advance to 6980. Alternative scenario would be the test at 6860 to fail meaning that's the end of the retracement after the fall from 7150. Further downside could be expected.

resistance
intraday intraweek
6900 7180
6980 7550
support
intraday intraweek
6800 6740
6740
6520
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