Midday Report
The trading range for the day is expected among the key support at 117.95 and the key resistance at 122.25.
The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.
| Support | 119.30 | 119.00 | 117.95 | 117.40 | 116.95 |
| Resistance | 120.00 | 120.60 | 121.05 | 121.75 | 122.25 |
| Recommendation | Based on the charts and explanations above we recommend buying the pair around 120.60 targeting 119.30 and 117.95 and stop loss with four-hour closing above 121.05 may be appropriate. | ||||
Euro vs. Japanese Yen (EUR / JPY)
Midday Report
The pair is trading within a narrow range since morning settling below 100.75, while momentum indicators are within oversold areas, and that may maintain fluctuations for some time. In general, our morning expectations remain valid supported by the 50 EMA.
The trading range for the day is expected among the key support at 98.50 and the key resistance at 101.80.
The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.
| Support | 100.00 | 99.40 | 98.50 | 97.80 | 97.40 |
| Resistance | 100.75 | 101.00 | 101.80 | 102.65 | 103.35 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair with around 100.75 targeting 99.40 and 98.50,stop loss with four-hour closing above 101.80 may be appropriate | ||||
Euro vs. Great British Pound (EUR / GBP)
Midday Report
The pair is currently attempting to breach the resistance level we mentioned this morning around 0.8390 in an attempt to trade back within the main bullish trend, while we are still waiting for confirmation by a four-hour closing. Thus, our morning scenario remains valid for the rest of the day and we recommend reviewing our morning report for the awaited targets.
The trading range for the day is expected among the key support at 0.8200 and the key resistance at 0.8480.
The short term trend is to the upside as far as 0.8165 remains intact with targets at 1.0370.
| Support | 0.8295 | 0.8250 | 0.8200 | 0.8170 | 0.8100 |
| Resistance | 0.8390 | 0.8440 | 0.8480 | 0.8550 | 0.8605 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair with four-hour closing below 0.8295 targeting 0.8200 and 0.8100 ,stop loss with four-hour closing above 0.8390 may be appropriate | ||||
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