When the European market opens, some Economic Data will be released such as German GfK Consumer Climate, Private Loans y/y, M3 Money Supply y/y, and German Import Prices m/m. The US will release the Economic Data, too, such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Prelim Wholesale Inventories m/m, and Goods Trade Balance, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1962.
Strong Resistance:1.1955.
Original Resistance: 1.1944.
Inner Sell Area: 1.1933.
Target Inner Area: 1.1905.
Inner Buy Area: 1.1877.
Original Support: 1.1866.
Strong Support: 1.1855.
Breakout SELL Level:
1.1848.
Technical analysis of USD/JPY for Nov 28, 2017
In Asia, today Japan will not release any Economic Data but the US will release some Economic Data, such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Prelim Wholesale Inventories m/m, and Goods Trade Balance. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Resistance. 3: 111.86.
Resistance. 2: 111.64.
Resistance. 1: 111.42.
Support. 1: 111.15.
Support. 2: 110.93.
Support. 3: 110.71.
GBP/USD reacting strongly from our selling area, remain bearish
The price has risen and tested our selling area before reacting off it strongly. We remain bearish looking to sell below major resistance at 1.3340 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect to see a major drop from here towards 1.3050 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) also sees major resistance at 96% and there's bearish divergence signaling that a reversal is impending.
Sell below 1.3340.
Stop loss is at 1.3467.
Take profit is at 1.3050.
AUD/USD dropping nicely from our selling area, remain bearish
The price has made a fake breakout before reversing strongly from our selling area. We remain bearish looking to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, channel resistance, Fibonacci extension, bearish divergence) and we expect to see a strong drop from this level to push the price down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,3,1) is seeing strong resistance at 96% where we expect a corresponding reaction off. We can also see bearish divergence vs the price signaling that a strong drop is impending.
Sell below 0.7629.
Stop loss is at 0.7670.
Take profit is at 0.7537.
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