Midday Report
 |
The pair is still trading positively, supported by SMA 50, while Stochastic is still positive over 4-hour basis. Therefore, our morning expectations remain as they are unless we witness a clear breach of 119.90.
The trading range for today is among the major support at 119.90 and the major resistance at 122.25.
The short-term trend is to the downside as far as 150.00 remains intact targeting 112.00.
| Support | 120.30 | 119.90 | 119.60 | 119.10 | 118.35 |
|
|
|||||
| Resistance | 121.00 | 121.80 | 122.25 | 122.60 | 123.00 |
|
|
|||||
| Recommendation | Based on the charts and explanations above, our opinion is buying the pair around 119.90, targeting 121.00 and then 122.25 and stop loss below 119.60 might be appropriate | ||||
Euro vs. Japanese Yen (EUR / JPY)
Midday Report
 |
The pair attempts to breach 100.50 mentioned earlier today, which is the first condition for our suggested positive scenario to remain valid, while the pair breached and settled above SMA 50. Therefore, our suggested scenario remains valid, noting that consolidation above 99.55 is necessary for our expectations to prevail.
The trading range for today is among the major support at 99.55 and the major resistance at 102.55.
The short-term trend is to the downside as far as 123.30 remains intact, targeting 94.80.
| Support | 100.00 | 99.55 | 99.20 | 98.50 | 97.80 |
|
|
|||||
| Resistance | 100.50 | 101.05 | 101.60 | 102.00 | 102.55 |
|
|
|||||
| Recommendation | Based on the chart and explanations above, our opinion is buying the pair with an hourly closing above 100.50, and taking profit at 102.55 and stop loss below 99.55 might be appropriate today | ||||
Euro vs. Great British Pound (EUR / GBP)
Midday Report
 |
The pair is slightly biased to the upside, attempting to retest areas around 0.8330, while SMA 50 continues to pressure the pair to the downside. In general, our morning expectations remain as they are, while we recommend reviewing our morning report for more details.
The trading range for today is among the major support at 0.8100 and the major resistance at 0.8360.
The short-term trend is to the upside as far as 0.8170 remains intact, targeting 1.0370.
| Support | 0.8255 | 0.8200 | 0.8170 | 0.8100 | 0.8065 |
|
|
|||||
| Resistance | 0.8330 | 0.8360 | 0.8415 | 0.8440 | 0.8480 |
|
|
|||||
| Recommendation | Based on the chart and explanations above, our opinion is selling the pair around 0.8330, and taking profit at 0.8170 and stop loss above 0.8415 might be appropriate today. | ||||
|
||||||||||||
