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Daily Market Update 25 Nov 2020

EURUSD

HIGH

1.19099

LOW

1.18886

BID

1.18952

ASK

1.18957

CHANGE

0%

TIME

08:54:03

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: Further upside progress might test resistive measure at 1.1909 (R1) later on today. Successful clearance here would open way towards to next target at 1.1947 (R2) and suggest mark at 1.1984 (R3) as final visible aim for today. Downwards scenario: An evidence of possible descending structure could be provided if the EURUSD manages to clear next support level at 1.1891 (S1). In such case we would suggest next intraday targets at 1.1854 (S2) and 1.1816 (S3).

Resistance Levels: 1.1909, 1.1947, 1.1984

Support Levels: 1.1891, 1.1854, 1.1816

 

GBPUSD

HIGH

1.33661

LOW

1.33371

BID

1.33468

ASK

1.33476

CHANGE

0%

TIME

08:54:03

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Immediate resistance at 1.3372 (R1) remains in near-term focus, climb above this level might open way towards to next interim target at 1.3424 (R2) and any further rise would then be limited to final resistive measure at 1.3475 (R3). Downwards scenario: On the other hand, recovery phase from the initial upwards structure could be settled below the key support level at 1.3325 (S1). Break here would suggest next intraday targets at 1.3274 (S2) and 1.3223 (S3) in potential.

Resistance Levels: 1.3372, 1.3424, 1.3475

Support Levels: 1.3325, 1.3274, 1.3223

USDJPY

HIGH

104.596

LOW

104.42

BID

104.507

ASK

104.515

CHANGE

0%

TIME

08:54:03

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Instrument gained momentum on the downside, turning medium-term bias to the negative side. However, possible upwards extension is required to clear resistive measure at 104.62 (R1) on the first place. In such event we would suggest next intraday targets at 104.95 (R2) and 105.27 (R3). Downwards scenario: Opportunity for bearish oriented traders is seen below the important support level at 104.37 (S1). Loss here would open door for the downtrend expansion towards to interim targets 104.04 (S2) and 103.71 (S3).

Resistance Levels: 104.62, 104.95, 105.27

Support Levels: 104.37, 104.04, 103.71

FXCC

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