NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

EUR/USD USD/JPY GBP/USD Daily Outlook: December 07, 2012

Published 12/07/2012, 06:55 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
JPY/GBP
-
EUR/USD
Current level - 1.2970
<span class=EUR/USD" title="EUR/USD" width="500" height="340">

The EUR/USD daily close below 1.30 is a signal of further decline. The downward movement is only corrective in nature, and it is expected to stop at levels between 1.2835 and 1.2880.
Resistance support
USD/JPY
Current level - 82.49
<span class=USD/JPY" title="USD/JPY" width="500" height="340">
The pair is stuck in a range in the 81.60-82.80 area. Only a break above the crucial 82.80 will be considered a proof of control of the bulls. On the downside, only a drop below 81.60 and consolidation will be an indication of a trend reversal.
Resistance support
GBP/USD
Current level - 1.6050
<span class=GBP/USD" title="GBP/USD" width="500" height="340">
The downward movement of the currency pair is only corrective. The pair is anticipated to fall below 1.60, but the slide should be contained within the 1.5913-1.5987 support zone. Once the uptrend is resumed, the next target for GBP/USD is 1.6140 followed by the 1.6175 major resistance
Resistance support

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.