AUDUSD Daily Analysis – December 11, 2019

AUDUSD broke below 0.6812 support, suggesting that the upside movement from 0.6754 had completed at 0.6861 already. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6770 area. Only break above the channel resistance could … Continue reading “AUDUSD Daily Analysis – December 11, 2019”

USDJPY Daily Analysis – December 10, 2019

USDJPY is testing the support of the rising price channel on the 4-hour chart. A breakdown below the channel support would confirm that the upside movement from 104.44 (Aug 26 low) had completed at 109.72 already, then the following downside movement could take the price to 107.00 area. Near term resistance is at 109.00, above … Continue reading “USDJPY Daily Analysis – December 10, 2019”

GBPUSD Daily Analysis – December 10, 2019

GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2822. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3250 area. On the downside, a breakdown below the channel support would indicate that the uptrend … Continue reading “GBPUSD Daily Analysis – December 10, 2019”