Midday Report
The pair has been trapped within a very narrow range since morning and is currently approaching the pivotal support of 119.30. Thereby, we hold onto our morning scenario as far as stability is below 120.05.
The trading range for the day is expected among the key support at 116.95 and the key resistance at 120.05.
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 | 120.05 | 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 with a four-hour closing above 120.05 may be appropriate. | ||||
Euro vs. Japanese Yen (EUR / JPY)
Midday Report
The pair didn't show any big move while moving within sideways range. In general, we keep our morning anticipations intact as far as 100.10 holds.
The trading range for the day is expected among the key support at 96.50 and the key resistance at 100.10.
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 | 100.10 | 100.45 | 101.00 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair around 99.05 targeting 97.40 and stop loss above 100.10 may be appropriate. | ||||
Euro vs. Great British Pound (EUR / GBP)
Midday Report
The royal pair is stable below the previous broken support-turned into resistance- at 0.8270. Tranquility dominated the markets; thus, the morning scenario remains valid as far as 0.8270 holds. Of note, breaching 0.8275 will postpone reaching the suggested targets.
The trading range for the day is expected among the key support at 0.8100 and the key resistance at 0.8400.
The short term trend is to the upside as far as 0.8165 remains intact with targets at 1.0370.
| Support | 0.8200 | 0.8170 | 0.8100 | 0.8065 | 0.8000 |
| Resistance | 0.8270 | 0.8300 | 0.8350 | 0.8395 | 0.8440 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair around 0.8270 targeting 0.8170 and 0.8100 ,stop loss with four-hour closing above 0.8350 may be appropriate | ||||
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