Midday Report
The pair is presently approaching the sensitive support level at 119.30 and a break of which will activate our predictions. Our negative scenario remains valid for the rest of the day.
The trading range for the day is expected among the key support at 116.95 and the key resistance at 121.35.
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 | 120.15 | 120.65 | 121.35 | 121.75 | 122.25 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair with a four-hour closing below 119.30 targeting 117.95 and 116.95 and stop loss with four-hour closing above 120.15 may be appropriate. | ||||
Euro vs. Japanese Yen (EUR / JPY)
Midday Report
The pair has achieved a breakout below the morning hinted support around 99.05 activating our morning scenario. EMA 50 protects the bearishness as well.
The trading range for the day is expected among the key support at 97.40 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 | 98.50 | 97.80 | 97.40 | 97.00 | 96.50 |
| Resistance | 99.05 | 99.30 | 100.00 | 100.45 | 101.00 |
| Recommendation | Our morning expectations remain valid and we recommend moving the risk limit to the entry point once the pair reaches the first target. | ||||
Euro vs. Great British Pound (EUR / GBP)
Midday Report
The royal pair has breached through the support of 0.8270 with a four-hour closing activating our bearish scenario. The awaited targets could be reached during the upcoming session starting from 0.8170 and 0.8100. Coming above 0.8270 will postpone the downside journey.
The trading range for the day is expected among the key support at 0.8170 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 | 0.8250 | 0.8200 | 0.8170 | 0.8100 | 0.8065 |
| Resistance | 0.8270 | 0.8300 | 0.8395 | 0.8440 | 0.8480 |
| Recommendation | Our morning expectations remain valid. | ||||
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