Majors Daily Forecast Dec 13 2017

EURUSD, Bearish But Around Critical Support! GBPUSD: Bearish Eyes The 1.3230 Levels! USDJPY: Bullish But Hesitates Ahead Of 113.50 Levels! USDCHF: Pulls Back With Caution!

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EURUSD, Bearish But Around Critical Support!

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…Minor resisiatnce comes at the 1.1785 levels…

GBPUSD: Bearish Eyes The 1.3230 Levels!

As long as 1.3380 resisiatnce holds on a daily closing basis, the GBPUSD remains on ther downside to the 1.3230 levels, a halt is likely and it may turn higher frim here but a cut below the 1.3230 levels will aim the 1.3135 levels, further down, support comes at the 1.3041 levels. On the upside, above 1.3380 sees a pullback risk to the 1.3475/1.3550 levels.

GBPUSD sees a selling opprtunity ahead of Claimant Count Change data…

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 0.9950 resisiatnce 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…(Minor support: 0.9909)…

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