GBP/USD Comments:
• César Leiceaga: Trading above the 38.2% Fib in 1.5500s but in a similar situation to the euro. Trendline broken and looking heavy.
• ecPulse.com: A daily closing below 1.5545 is needed to confirm the bearishness
• Mohammed Isah: GBP is trying to recover higher falling its recent declines but continues to face bear pressure at 1.5648. Sideways trading should dominate price action in the coming week but with risk resuming its declines. Within three months, we are bullish on the pair.
• Dr. Sivaraman: Last month of the year -GBP could make some aggressive gains
• Yohai Elam: In the long term, austerity measures in the UK will hurt the pound.
• Ilian Yotov: The GBP could stay in the upper $1.50's if the U.K. economic data remains strong and if risk appetite makes a comeback.
EUR/USD Comments:
• César Leiceaga: Severe change in trend to bearish after eroding the bullish trendline and 200SMA. Looking for a deeper retracement to 1.20 area over the next months.
• ecPulse.com: 1.2795 MUST be breached to confirm month & Quarter trends
• Mohammed Isah: Our bias for the coming week is slightly to the upside as we expect the pair to correct further itsrecent declines. In one week to one month sideways trading could grip EUR.Our overall outlook remains bullish in three months.
• Dr. Sivaraman: last month of the year -EURO could make some aggressive gains.
• Yohai Elam: Some form of European QE could slow the weakening of the Euro.
• Valeria Bednarik: EUR extreme oversold conditions come into play, and the common currency is regaining ground against major rivals; such gains could extend in EUR/USD towards 1.35/6 before bearish trend resumes
USD/JPY Comments:
• Alberto Muñoz: If 84,75 is taken, then expect a strong bullish movement.
• César Leiceaga: Recovery in place after gaining upward momentum during the week. We need 83.00 area to hold on a weekly close to resume the renewed bullish trend.
• ecPulse.com: Trading above 83.80 would confirm the bullishness.
• Mohammed Isah: Consolidation looks to dominate price action the coming week as USDJPY is now hesitating,halting its nearer term recovery off 80.23. Risk remains higher nearer term but we still retain our long term bearish call in one to three months.
• Dr. Sivaraman: Last month of the year - USD/YEN could make some appreciable gains.
• Yohai Elam: A shift in US bonds can support the pair. It seems that USD/JPY found a bottom and it's slowly making it's way up.
• Valeria Bednarik: Downside continues limited in the pair, and further gains are still likely mid term talking. Consolidation Above 0.9700 is needed to keep the bias valid.
• Ilian Yotov: Improvement in investor sentiment and risk appetite, coupled with stronger U.S. economic data and higher Treasury yields could become the catalysts for the USD to revisit the post-intervention highs around 86 yen.
Keys:
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
• César Leiceaga: Trading above the 38.2% Fib in 1.5500s but in a similar situation to the euro. Trendline broken and looking heavy.
• ecPulse.com: A daily closing below 1.5545 is needed to confirm the bearishness
• Mohammed Isah: GBP is trying to recover higher falling its recent declines but continues to face bear pressure at 1.5648. Sideways trading should dominate price action in the coming week but with risk resuming its declines. Within three months, we are bullish on the pair.
• Dr. Sivaraman: Last month of the year -GBP could make some aggressive gains
• Yohai Elam: In the long term, austerity measures in the UK will hurt the pound.
• Ilian Yotov: The GBP could stay in the upper $1.50's if the U.K. economic data remains strong and if risk appetite makes a comeback.
EUR/USD Comments:
• César Leiceaga: Severe change in trend to bearish after eroding the bullish trendline and 200SMA. Looking for a deeper retracement to 1.20 area over the next months.
• ecPulse.com: 1.2795 MUST be breached to confirm month & Quarter trends
• Mohammed Isah: Our bias for the coming week is slightly to the upside as we expect the pair to correct further itsrecent declines. In one week to one month sideways trading could grip EUR.Our overall outlook remains bullish in three months.
• Dr. Sivaraman: last month of the year -EURO could make some aggressive gains.
• Yohai Elam: Some form of European QE could slow the weakening of the Euro.
• Valeria Bednarik: EUR extreme oversold conditions come into play, and the common currency is regaining ground against major rivals; such gains could extend in EUR/USD towards 1.35/6 before bearish trend resumes
USD/JPY Comments:
• Alberto Muñoz: If 84,75 is taken, then expect a strong bullish movement.
• César Leiceaga: Recovery in place after gaining upward momentum during the week. We need 83.00 area to hold on a weekly close to resume the renewed bullish trend.
• ecPulse.com: Trading above 83.80 would confirm the bullishness.
• Mohammed Isah: Consolidation looks to dominate price action the coming week as USDJPY is now hesitating,halting its nearer term recovery off 80.23. Risk remains higher nearer term but we still retain our long term bearish call in one to three months.
• Dr. Sivaraman: Last month of the year - USD/YEN could make some appreciable gains.
• Yohai Elam: A shift in US bonds can support the pair. It seems that USD/JPY found a bottom and it's slowly making it's way up.
• Valeria Bednarik: Downside continues limited in the pair, and further gains are still likely mid term talking. Consolidation Above 0.9700 is needed to keep the bias valid.
• Ilian Yotov: Improvement in investor sentiment and risk appetite, coupled with stronger U.S. economic data and higher Treasury yields could become the catalysts for the USD to revisit the post-intervention highs around 86 yen.
Keys:
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
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