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Daily Market Update 26 Feb 2021

EURUSD

HIGH

1.21831

LOW

1.21371

BID

1.21507

ASK

1.21514

CHANGE

0.01%

TIME

09:05:37

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: Our technical outlook for the medium-term perspective is bearish oriented. Clearance of next resistance level at 1.2172 (R1) would enable bullish pressure and open route towards to our next targets at 1.2207 (R2) and 1.2242 (R3). Downwards scenario: On the short-term perspective the pair might encounter supportive measures at 1.2144 (S1). Loss here might change intraday technical structure and opens the way for a test of 1.2108 (S2) and 1.2073 (S3) later on today.

Resistance Levels: 1.2172, 1.2207, 1.2242

Support Levels: 1.2144, 1.2108, 1.2073

 

GBPUSD

HIGH

1.40262

LOW

1.39232

BID

1.39351

ASK

1.39358

CHANGE

0.01%

TIME

09:05:37

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: GBPUSD established clear negative bias on the medium-term perspective. However, appreciation above the resistance at 1.4010 (R1) could provide a chance to expose our target at 1.4097 (R2) and 1.4182 (R3) in potential. Downwards scenario: The bearish oriented traders expected to be in play below the next support level at 1.3910 (S1) to confirm downside evolvement. Clearance of this level is required to open way towards to our targets at 1.3825 (S2) and 1.3740 (S3).

Resistance Levels: 1.4010, 1.4097, 1.4182

Support Levels: 1.3910, 1.3825, 1.3740

 

USDJPY

HIGH

106.427

LOW

105.845

BID

106.175

ASK

106.181

CHANGE

-0.01%

TIME

09:05:37

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Upside risk aversion is seen above the next resistance level at 106.43 (R1). Loss here could enable correction phase towards to next target at 106.85 (R2) and then final aim could be exposed at 107.28 (R3). Downwards scenario: As long as price stays below the next resistance level, our technical outlook would be considered as negative. Extension lower the initial support at 105.95 (S1) is being able to drive market price towards to initial supports at 105.53 (S2) and 105.12 (S3).

Resistance Levels: 106.43, 106.85, 107.28

Support Levels: 105.95, 105.53, 105.12

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