Majors Daily Forecast Dec 12 2017

EURUSD, Outlook Remains Lower! GBPUSD: Continues To consolidate!!! USDJPY: Bullish But Hesitates Ahead Of 113.50 Levels! USDCHF: Pulls Back With Caution!

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EURUSD, Outlook Remains Lower!

As long as 1.1809/1.1847 resistance holds on a daily closing basis, the EURUSD remains on the downside to the 1.1731 levels, a halt is likely but a cut will aim the 1.1689/1.1622 levels. On the upside, above 1.1847 sees a recovery risk to the 1.1936 levels, a break will pave the way to the 1.2005/1.2059 levels…

GBPUSD: Continues To consolidate!!!

As long as 1.3387/1.3475 resistance holds on a daily closing basis, the GBPUSD remains in a pullback mode and further down could be seen to the 1.3315 levels, a halt is likely and it may turn higher but a cut will aim the 1.3209 levels, further down support comes at the 1.3135 levels. On the upside, above 1.3475 will aim the 1.3550/1.3595 levels, further upside resistance comes at the 1.3658 levels.

USDJPY: Bullish But Hesitates Ahead Of 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: Pulls Back With Caution!

As long as 0.9950resisiatnce holds on a daily closing basis, the USDCHF remains in a pullback mode and further down could be seen, but downside move below 0.9950 should be contained well by the 0.9854 levels where rebound is likely, below 0.9854 sees a fall risk to the 0.9791/0.9755 levels. Above 0.9950 will restore the upside momentum and aim the 1.0017/1.0037 levels ahead of the 1.0107 levels…

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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.

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