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Daily Market Update 22 Dec 2020

EURUSD

HIGH

1.22496

LOW

1.22155

BID

1.22182

ASK

1.2219

CHANGE

0%

TIME

08:55:22

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: Fractals level at 1.2232 (R1) offers a key resistive measure on the upside. Break here is required to enable bullish pressure and validate next target at 1.2266 (R2). Final resistance today locates at 1.2301 (R3) price level. Downwards scenario: Risk of further price downgrade is seen below the support barrier at 1.2192 (S1). Break here is required to enable our intraday targets at 1.2158 (S2) and 1.2123 (S3) on the downside.

Resistance Levels: 1.2232, 1.2266, 1.2301

Support Levels: 1.2192, 1.2158, 1.2123

 

GBPUSD

HIGH

1.34694

LOW

1.33794

BID

1.33985

ASK

1.34001

CHANGE

0%

TIME

08:55:22

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Instrument remains downwards oriented on the bigger picture, though possibility of price appreciation is seen above the next resistance level at 1.3446 (R1). Break here would open a route towards to our intraday targets at 1.3515 (R2) and 1.3584 (R3). Downwards scenario: On the other side, extension lower the next support level at 1.3356 (S1) is being able to initiate new step of downside expansion and drive market price towards to our initial targets at 1.3287 (S2) and 1.3218 (S3).

Resistance Levels: 1.3446, 1.3515, 1.3584

Support Levels: 1.3356, 1.3287, 1.3218

 

USDJPY

HIGH

103.476

LOW

103.273

BID

103.435

ASK

103.443

CHANGE

0.01%

TIME

08:55:22

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

Upwards scenario: Current ascending structure is aiming to test our initial resistive measure at 103.50 (R1). Loss here would suggest next intraday targets at 103.69 (R2) and 103.89 (R3). Downwards scenario: Opportunity for bearish oriented traders is seen below the important support level at 103.28 (S1). Loss here would open door for the downtrend expansion towards to interim targets 103.08 (S2) and 102.89 (S3).

Resistance Levels: 103.50, 103.69, 103.89

Support Levels: 103.28, 103.08, 102.89

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