Majors Daily Forecast Dec 07 2017

EURUSD: Bearish Eyes The 1.1731 Levels! GBPUSD: Faces Pullback Threats! USDJPY: Recovers With Caution! USDCHF: Bullish With Risk To the 0.9950 Levels!

0
44

EURUSD: Bearish Eyes The 1.1731 Levels!

The EURUSD maintained a bearish momentum yesterday, topped at the 1.1847 levels and bottomed at the 1.1780 levels. This development leaves the pair targeting the 1.1731 levels, a halt is likely and it may turn higher from here, but if this fails to happen, it will decline to the 1.1678 levels where a cut will aim the 1.1622 levels, further down support stands at the 1.1553 levels.

On the upside, immediate resistance comes at the 1.1808 levels ahead of the 1.1847 levels(main), a daily closing above 1.1847 will recapture the 1.1936 levels, it may turn lower from here but a break will pave the way to the 1.2059 levels.

Conclusion: The EURUSD sees downside threats below the 1.1847 levels…

GBPUSD: Faces Pullback Threats!

As long as 1.3550 resistance holds on a daily closing basis, the GBPUSD remains in a pullback mode and further down could be seen but the corrective pullback from the 1.3550 should be contained well by the 1.3387 levels where a rebound is likely, however; below 1.3387 will increase the risk for the 1.3314 levels ahead of the 1.3209 levels, it may turn up from here but this fails to happen, it will challenge the 1.3135 levels where a cut will aim the 1.3041 levels.

On the upside, a daily closing above 1.3528 will expose the 1.3550 levels and aim the 1.3595 levels, further upside, resistance stands 1.3658 levels ahead of the 1.3825 levels.

Conclusion: The GBPUSD continues to face pullback threats below 1.3550 levels.

Note that minor resistance comes at the 1.3444 levels…

USDJPY: Recovers With Caution!

As long as 111.63 support holds on a daily closing basis, the USDJPY remains in a recovery mode but recovery above 111.63 should be contained well by the 112.70 levels where another fall is likely, above 112.70 will extend the recovery to the 113.50 levels ahead of the 114.27 levels. Below 111.63 sees a fall risk to the 110.83/110.05 levels, further down, support comes at the 109.23 levels….(Minor support comes at 112.14).

USDCHF: Bullish With Risk To the 0.9950 Levels!

The USDCHF maintained a bullish momentum yesterday, bottomed at the 0.9854 levels and topped at the 0.9909 levels. This development leaves the pair targeting the 0.9950 levels, a halt is likely and it may turn lower from here, but if this fails to happen, it will aim the 1.0017/1.0037 levels, further upside resistance stands at the 1.0107 levels.

On the downside, immediate support comes at the 0.9881 levels ahead of the 0.9854 levels(main), below 0.9854 sees a fall risk to the 0.9791/0.9755 levels…

Conclusion: The USDCHF sees upside threats above the 0.9854 levels…

SHARE
Previous articleMinors Daily Forecast Dec 06 2017
Next articleMajors Daily Forecast Dec 08 2017
HAITHAM653

I’ve been in the fx market since 2007, In this website, I’m gonna share with you the knowledge and the experience that I obtained through the years, I analyze the markets from technical and fundamental perspectives. I cover, short/medium to longer term forecasts, that fits all kind of traders from beginners to professionals, my primary mission is to get the real pulse of the market to our readers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here