GBPUSD Daily Forecast: December 22

The bias remains to the downside but I think price need to move consistently below 1.6040 – 1.6000 area to continue the bearish scenario towards 1.5800 area.

USDJPY Daily Forecast: December 22

On my h4 chart below we can see that price is convincingly move above 90.70/80 area indicating potential further bullishness targeting 92.32 area.

Daily Forecast for Crosses: December 22

On h4 chart below we can see that overall price still trapped in range area of 129.00 – 131.75 area but price slipped above my minor trendline resistance

USDCHF Daily Forecast: December 22

The bias remains to the upside targeting 1.0530 before aim for 1.0700 area but we need consistent move above 1.0450 area to continue the bullish scenario.

EURUSD Weekly Summary: A broader look on Fibonacci retracement study

On my weekly chart below, price has been bearish in the last three weeks after failed to break above 1.5143 area

What is the direction of highest probability today? (18/12/09)

Direction of Highest Probability: BEARISH 60 minute trend resistance: 1.4460 Bullish Probability above: 1.4460 Significant resistance: 1.4460, 1.4883 Significant support:1.3740

EURUSD Forecast: Next target at 1.4250, CCI divergence and potential profit taking on Friday might produce upside correction

The EURUSD continued its bearish momentum yesterday,

GBPUSD Daily Forecast: December 18

On daily chart below we have CCI divergence indicating potential upside minor correction and potential profit taking activity on Friday testing 1.6250 resistance area. Consistent move below 1.6100 – 1.6040 area should trigger further bearish pressure

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