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Daily Market Update 01 Dec 2020

EURUSD

HIGH

1.19596

LOW

1.19242

BID

1.19567

ASK

1.19573

CHANGE

0%

TIME

09:03:39

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: EURUSD commenced recovery phase after the initial downside progress. Next resistance level is seen at 1.1975 (R1), break here is required to enable higher target at 1.2002 (R2) and then final aim could be exposed at 1.2030 (R3). Downwards scenario: On the other hand, penetration below the support at 1.1942 (S1) is liable to put more downward pressure on the instrument in the near-term perspective. As a result our supportive means at 1.1913 (S2) and 1.1884 (S3) might be triggered.

Resistance Levels: 1.1975, 1.2002, 1.2030

Support Levels: 1.1942, 1.1913, 1.1884

 

GBPUSD

HIGH

1.33688

LOW

1.33208

BID

1.33663

ASK

1.33673

CHANGE

0%

TIME

09:03:39

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Our next resistance level is placed at 1.3371 (R1). Break here would open route towards to higher target at 1.3397 (R2) and any further price advance would then be limited to 1.3423 (R3). Downwards scenario: We are not expecting significant moves today, however, violation of next support at 1.3345 (S1) might call for a run towards to next target at 1.3317 (S2) and any further weakening would then be limited to final target at 1.3288 (S3).

Resistance Levels: 1.3371, 1.3397, 1.3423

Support Levels: 1.3345, 1.3317, 1.3288

 

USDJPY

HIGH

104.459

LOW

104.234

BID

104.363

ASK

104.369

CHANGE

0%

TIME

09:03:39

OUTLOOK SUMMARY

Low

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

Upwards scenario: USDJPY established clear negative bias on the medium-term perspective. However, appreciation above the resistance at 104.45 (R1) could provide a chance to expose our target at 104.70 (R2) and 104.95 (R3) in potential. Downwards scenario: The bearish oriented traders expected to be in play below the next support level at 104.25 (S1) to confirm downside evolvement. Clearance of this level is required to open way towards to our targets at 104.03 (S2) and 103.82 (S3).

Resistance Levels: 104.45, 104.70, 104.95

Support Levels: 104.25, 104.03, 103.82

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