GBP/USD Sell Bellow Fractal 1.6135 - For December 14, 2012 (Daily Strategy) Trend News

The British pound failed to close above the 1.6135 fractal. We have mentioned this level for several times as a key level due to the downward pressure increases below this level. On the other hand, a weekly close above this level will be the start of the continuation of the upward trend that could lead quickly to the level of 1.62 and 1.63. Therefore, we must always observe this level. However, you can see on the chart that the pair is trading at 1.6120 at the moment. You can sell at current levels or wait until 1.6135.

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Silver Providing Opportunities To Go Long Trend News

Technical Outlook and Chart Setups:

Silver made a low yesterday at around 32.20/30 levels, but the important fact is that 32.00 support remains intact. Looking at the intraday (small timeframe) structure it still remains constructive for bulls to rally further up in the sessions to come. 32.80 level might provide temporary resistance for intraday rallies but potential remains to clear the immediate resistance at 33.80. It is recommended to hold long positions taken earlier and further add on intraday dips. Looking higher from here on.

Trading Recommendations:

Hold long positions taken earlier. Stop is below 32.00. Target is open.

Good Luck!

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Gold Looking Higher, Hold On To Long Positions Trend News

Technical Outlook and Chart Setups:

The yellow metal is taking time to break higher of the range setup between 1,680.00 and 1,730.00; but it is only a matter of time. The overall structure and trend remain still constructive for bulls, till the time price stay above 1,672.00 level. Intermediary resistance is 1,755.00 and higher up at 1,795.00 level; while intermediary support is at 1,670/80 levels followed by 1,630/40 levels. At the moment it is at the lower boundary of consolidation range, as depicted here, and hence it is recommended to buy on intraday dips and also hold on to long positions taken earlier. Looking higher from here on.

Trading Recommendations:

Hold on to long positions, add further on intraday dips, stop is below 1,670. Target is open.

Good Luck!

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EurJpy Targeting 111.00 Level Trend News

Technical Outlook and Chart Setups:

Structure remains similar. Bulls are poised to print higher levels in the coming sessions. Resistance remains to be cleared at 111.00 level. Immediate support on a daily chart remains at 106.00, followed by 105.00 and lower. It is recommended to continue holding long positions from yesterday and further buy on dips. Only a break of 106.00 should be a concern for the bulls now. Looking higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier. Stop is at 106.00. Target is at 111.00 plus.

Good Luck!

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