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Daily Market Update 18 Feb 2021

EURUSD

HIGH

1.20499

LOW

1.20353

BID

1.20400

ASK

1.20406

CHANGE

0.01%

TIME

09:18:20

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: We see potential to overcome our resistive barrier at 1.2063 (R1) later on today. Clearance here would suggest next intraday targets at 1.2114 (R2) and 1.2165 (R3) in potential. Downwards scenario: Risk of further price depreciation is seen below the support level at 1.2022 (S1). A fall below it would enable next aim at 1.1970 (S2) and any further market decline would then be targeting final support at 1.1920 (S3).

Resistance Levels: 1.2063, 1.2114, 1.2165

Support Levels: 1.2022, 1.1970, 1.1920

 

GBPUSD

HIGH

1.38771

LOW

1.38393

BID

1.38446

ASK

1.38455

CHANGE

0%

TIME

09:18:20

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Short term tendency is clearly on the negative side now. However, possible price appreciation above the resistance at 1.3870 (R1) would open a route towards to next targets at 1.3911 (R2) and 1.3948 (R3). Downwards scenario: Session low provides an important support level at 1.3828 (S1). Any prolonged movement below this level would enable next target at 1.3790 (S2) and then final aim could be exposed at 1.3750 (S3) later on today.

Resistance Levels: 1.3870, 1.3911, 1.3948

Support Levels: 1.3828, 1.3790, 1.3750

 

USDJPY

HIGH

105.921

LOW

105.695

BID

105.908

ASK

105.916

CHANGE

0%

TIME

09:18:20

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Our next resistance level is placed at 106.22 (R1). Break here would open route towards to higher target at 106.57 (R2) and any further price advance would then be limited to 106.92 (R3). Downwards scenario: On the other hand, depreciation below the support level at 105.72 (S1) could establish correction phase towards to our interim target at 105.38 (S2). Final support today locates at 105.04 (S3).

Resistance Levels: 106.22, 106.57, 106.92

Support Levels: 105.72, 105.38, 105.04

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