Majors Daily Forecast Dec 08 2017

EURUSD: Bearish Eyes The 1.1731 Levels! GBPUSD: Still Faces Pullback Threats! USDJPY: Bullish With Risk To The 113.50 Levels! USDCHF: Bullish Eyes The 1.0018 Levels!

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EURUSD: Bearish Eyes The 1.1731 Levels!

Outlook in EURUSD remains on the downside as long as 1.1780/1.1808 resistance holds on a daily closing basis, support comes at 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 1.1780/1.1808 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: Still Faces Pullback Threats!

As long as 1.3550/1.3475 resistance holds on a daily closing basis, the GBPUSD remains in a pullback mode and further down could be seen, support comes at the 1.3387 levels ahead of the 1.3314 levels, a halt is likely but a cut will turn the focus on the 1.3209/1.3135 levels before another rise…

On the upside, immediate resistance comes at the 1.3475 levels where a break will challenge the 1.3550 levels, further upside resistance comes at the 1.3595/1.658 levels ahead of the 1.3825 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.

USDJPY: Bullish With Risk To The 113.50 Levels!

As long as 112.20 support holds on a daily closing basis, the USDJPY remains on the upside to the 113.50 levels, a halt is likely but a break will aim the 114.27/1.114.87 levels, further upside resistance comes at the 116.33 levels. Ont he downside, below 112.21 sees a fall risk to the 111.63/110.83 levels. (Minor support 113.08).

USDCHF: Bullish Eyes The 1.0018 Levels!

As long as 0.9909 support holds on a daily closing basis, the USDCHF remains on the upside to the 1.0018/1.0037 levels, a break will aim the 1.0107 levels ahead of the 1.0224 levels, below 0.9909 sees a pullback risk to the 0.9854 levels before another rising, further down will aim the 0.9791/0.9755 levels…

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