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Daily Market Update 15 Dec 2020

EURUSD

HIGH

1.21628

LOW

1.2142

BID

1.21484

ASK

1.2149

CHANGE

0%

TIME

08:59:44

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: On the upside resistive measure at 1.2176 (R1) prevents further correction development from the initial downside structure. Successful clearance here would suggest next intraday targets at 1.2205 (R2) and 1.2235 (R3). Downwards scenario: Fractal level offers a key supportive measure at 1.2124 (S1) on the downside. A violation here is liable to commence downtrend structure on the bigger picture and expose our initial targets at 1.2093 (S2) and 1.2061 (S3).

Resistance Levels: 1.2176, 1.2205, 1.2235

Support Levels: 1.2124, 1.2093, 1.2061

 

GBPUSD

HIGH

1.33474

LOW

1.33111

BID

1.33422

ASK

1.33436

CHANGE

-0.01%

TIME

08:59:44

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: To enable further upwards formation, price needs to clear resistive barrier at 1.3369 (R1). In such case we would suggest next target at 1.3445 (R2) and then any further price progress would face final resistance at 1.3520 (R3) Downwards scenario: On the downside we see potential to positively retest our initial support measure at 1.3298 (S1). Clearance here is required to open route towards to our intraday targets at 1.3215 (S2) and 1.3131 (S3) in potential.

Resistance Levels: 1.3369, 1.3445, 1.3520

Support Levels: 1.3298, 1.3215, 1.3131

 

USDJPY

HIGH

104.149

LOW

103.98

BID

104.055

ASK

104.061

CHANGE

0.02%

TIME

08:59:44

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: On the upside, clearance of our next resistance at 104.15 (R1) is required to open way towards to next target at 104.36 (R2). Last resistance level for today is seen 104.57 (R3). Downwards scenario: Risk of further price depreciation is seen below the support level at 103.93 (S1). A fall below it would enable next aim at 103.71 (S2) and any further market decline would then be targeting final support at 103.51 (S3).

Resistance Levels: 104.15, 104.36, 104.57

Support Levels: 103.93, 103.71, 103.51

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