Market Scenario 1: Long positions above 0.7230 with targets at 0.7275 and 0.7299
Market Scenario 2: Short positions below 0.7230 with targets at 0.7206 and 0.7161
Comment: Aussie during yesterday’s session broke through its recent high at 0.7250 against US dollar and closed the day at 0.7260. During early Asian session, the pair was trading positively and reached a new high against US dollar at 0.7283
Supports and Resistances:
R3 0.7344
R2 0.7299
R1 0.7275
PP 0.7230
S1 0.7206
S2 0.7161
S3 0.7137
Market Scenario 1: Long positions above 130.46 with targets at 130.73 and 131.06
Market Scenario 2: Short positions below 130.46 with targets at 130.13 and 129.86
Comment: European currency recorded a new low against Japanese yen during yesterday’s session, reaching 130.18, the lowest level since 28th of April 2015. During early European session, bulls undertook an attempt to break through the First Resistance level; however, when they encountered selling pressure, bulls retreated.
Supports and Resistances:
R3 131.33
R2 131.06
R1 130.73
PP 130.46
S1 130.13
S2 129.86
S3 129.53
Market Scenario 1: Long positions above 1.0645 with targets at 1.0671 and 1.0699
Market Scenario 2: Short positions below 1.0645 with targets at 1.0617 and 1.0591
Comment: European currency managed to close yesterday’s session with small profit against US dollar. Today the pair is trading positively, and having managed to break through the First Resistance level, is aiming to test the Second one.
Supports and Resistances:
R3 1.0725
R2 1.0699
R1 1.0671
PP 1.0645
S1 1.0617
S2 1.0591
S3 1.0563
GBP/JPY
Market Scenario 1: Long positions above 185.03 with targets at 185.75 and 186.71
Market Scenario 2: Short positions below 185.03 with targets at 184.07 and 183.35
Comment: Sterling recorded 4th day of loss against Japanese yen, closing yesterday’s session as low as 184.76. Today GBP/JPY is trading flat below Pivot Point level.
Supports and Resistances:
R3 187.43
R2 186.71
R1 185.75
PP 185.03
S1 184.07
S2 183.35
S3 182.39
GBP/USD
Market Scenario 1: Long positions above 1.5096 with targets at 1.5140 and 1.5198
Market Scenario 2: Short positions below 1.5096 with targets at 1.5038 and 1.4994
Comment: Sterling continue losing its positions against US dollar for the third day in the row, closing yesterday’s session below 1.51. Today, GBP/USD tried to stabilize above Pivot Point level, nonetheless, being unable to withstand the onslaught, the pair retreated and now trading below PP.
Supports and Resistances:
R3 1.5242
R2 1.5198
R1 1.5140
PP 1.5096
S1 1.5038
S2 1.4994
S3 1.4936
Market Scenario 1: Long positions above 122.59 with targets at 122.88 and 123.24
Market Scenario 2: Short positions below 122.59 with targets at 122.23 and 121.94
Comment: US dollar, after a number of unsuccessful trading days, approached to its recent low of 16th of November at 122.20 against Japanese yen, which is close to the First Support level. We can see that the pair found support at this level and moved higher aiming to test the Pivot Point level.
Supports and Resistances:
R3 123.53
R2 123.24
R1 122.88
PP 122.59
S1 122.23
S2 121.94
S3 121.58
GOLD
Market Scenario 1: Long positions above 1074.94 with targets at 1081.20 and 1087.21
Market Scenario 2: Short positions below 1074.94 with targets at 1068.93 and 1062.67
Comment: During yesterday’s session, gold managed to close the day in positive territory, regaining most of the losses incurred on 23rd of November. It appears that bulls managed to stabilize gold price close to the First Support level at 1068.93
Supports and Resistances:
R3 1099.48
R2 1087.21
R1 1081.20
PP 1074.94
S1 1068.93
S2 1062.67
S3 1050.40
CRUDE OIL
Market Scenario 1: Long positions above 42.65 with targets at 43.44 and 44.24
Market Scenario 2: Short positions below 42.65 with targets at 41.85 and 41.06
Comment: Crude rose for the second day in the row, supported by Saudi Arabia’s pledge to work with global oil producers in an effort to stabilize prices. Currently, crude is trading below Pivot Point level.
Supports and Resistances:
R3 45.83
R2 44.24
R1 43.44
PP 42.65
S1 41.85
S2 41.06
S3 39.47
USD/RUB
Market Scenario 1: Long positions above 64.80 with targets at 65.79 and 67.14
Market Scenario 2: Short positions below 64.80 with targets at 63.45 and 62.46
Comment: USD/RUB during yesterday’s session didn’t manage to break through the First Resistance level and retreated below 65 ruble per USD. Today, bears undertook an attempt to break through the First support level, however, after it encountered buying pressure, the pair was sent above Pivot Point level.
Supports and Resistances:
R3 69.48
R2 67.14
R1 65.79
PP 64.80
S1 63.45
S2 62.46
S3 60.12
