Technical Analysis of Three Currency Pairs

Technical Analysis of Three Currency Pairs

EUR/USD

According to analysis, The EUR/USD fell close to 90 pips on Friday, counteracting the bullish view put ahead by the outside-day reversal. That bearish move has founded Thursday’s high of 1.1402 as the level to beat for the bulls, that is, the rally from the Nov. 28 low of 1.1267 is seen resuming above 1.1402.

Overview:
    Today Last Price: 1.1352
    Today Daily change: 30 pips
    Today Daily change %: 0.265%
    Today Daily Open: 1.1322

GBP/USD

GBP/USD Technical readings in the chart continue the risk twisted to the downward, as the pair is developing far under moving averages, while the RSI pointer resumed its decline, now gaining descending traction at around 42. The risk of a descending extension will add on a break below 1.2724, November 27th daily low.

Support levels: 1.2725 1.2690 1.2665

Resistance levels: 1.2770 1.2805 1.2840

USD/JPY

According to Technical Readings the USD/JPY pair pared back increases to close the bullish opening gap, now roundabout near 113.55 regions on distinguished US dollar supply, as the US-China trade break boosts the demand for the riskier currencies. 

Support levels: 113.20 112.90 112.55

Resistance levels: 113.60 114.05 114.50

Author: jimmy.sergill.js@gmail.com