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Daily Market Update 14 Dec 2020

EURUSD

HIGH

1.21438

LOW

1.21154

BID

1.21401

ASK

1.21406

CHANGE

0%

TIME

09:05:52

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: Loss of resistive barrier at 1.2162 (R1) is compulsory to resume upwards structure on the medium-term perspective. Higher resistive measures are placed today at 1.2192 (R2) and 1.2222 (R3) price levels. Downwards scenario: On the other hand, possible penetration below the initial support level at 1.2120 (S1) would suggest price drop toward to next support at 1.2090 (S2) and then final target could be exposed at 1.2061 (S3) quite fast if the price keeps its downside momentum.

Resistance Levels: 1.2162, 1.2192, 1.2222

Support Levels: 1.2120, 1.2090, 1.2061

 

GBPUSD

HIGH

1.33524

LOW

1.32895

BID

1.33477

ASK

1.33484

CHANGE

0%

TIME

09:05:52

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Possibility of uptrend penetration is seen above the next resistance level at 1.3351 (R1). Clearance here might enable bullish pressure and let the price to achieve our intraday targets at 1.3412 (R2) and 1.3478 (R3). Downwards scenario: On the downside our attention is shifted to the immediate support level at 1.3288 (S1). Break here is required to enable bearish forces and expose our intraday targets at 1.3227 (S2) and 1.3163 (S3).

Resistance Levels: 1.3351, 1.3412, 1.3478

Support Levels: 1.3288, 1.3227, 1.3163

 

USDJPY

HIGH

104.058

LOW

103.846

BID

103.984

ASK

103.991

CHANGE

0.01%

TIME

09:05:52

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

Upwards scenario: Possibility of price progress is seen above the next resistance level at 104.11 (R1). Breakthrough here would suggest our interim target at 104.34 (R2) and then mark at 104.58 (R3) acts as last resistive measure for today. Downwards scenario: Negative developments might be settled below the important support level at 103.82 (S1). Any price action below it would then be targeting support at 103.57 (S2) and final target could be exposed at 103.32 (S3) mark.

Resistance Levels: 104.11, 104.34, 104.58

Support Levels: 103.82, 103.57, 103.32

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