Analitics 16.12

Today is an important day for the US dollar. Today the Fed may raise interest rate for the first time since 2008. So it may be a high volatility at that moment.

EURUSD

The downward movement of the pair met a support at area of monthly pivot R1 1.08952. At this moment the pair shows a weak upside dynamics. The resistance is lying at defining movings at area of main daily pivot 1.09659. AO indicator is in negative zone below line of support/resistance and line of balance. If the pair moves down today and fixes below a monthly pivot R1, we may aim at weekly pivot S1 1.08399. Lower target area is an area of elder movings at 1.08250-1.07960. We may aim below at area 1.07265 (main monthly pivot)-1.06948 (weekly pivot S2). Farther target is a weekly pivot S3 1.05936.

Fixation above the level of resistance may aim the pair at point 1.10274. Upper target level is a weekly pivot R1 1.10862. After this level we have a potential target area 1.11874 (weekly pivot R2)-1.12213 (monthly pivot R2). Farther target is an area 1.13325 (weekly pivot R3)-1.13900 (monthly pivot R3).

Daily levels of support: 1.08952, 1.08399, 1.07960, 1.07265

Daily levels of resistance: 1.09659, 1.10274, 1.10862, 1.11874

GBPUSD

The downward movement on Tuesday met a support at area of weekly pivot S1 1.50369. AO indicator is in negative zone below line of balance and line of support/resistance. The pair did not reach minimum from December 2. If the pair moves down today and fixes below support, we may aim at levels 1.49876 and 1.49311.  We may aim below at area 1.48672 (monthly pivot S1)-1.48553 (weekly pivot S2). Farther targets are weekly pivot S3 1.47538 and monthly pivot S2 1.46791.

In case of upward movement the resistance is lying at area, limited by elder movings near a main daily pivot 1.50858 and МА200 at level 1.51130. We may aim above at main daily pivot 1.51384, where we can see the defining movings. The next target is a main monthly pivot 1.51821. We may aim above at point 1.52405, after which we have an opportunity to reach an area 1.52970-1.53200 (weekly pivot R1). Farther target is a monthly pivot R1 1.53702.  

Daily levels of support: 1.50369, 1.49876, 1.49311, 1.48672

Daily levels of resistance: 1.50858, 1.51384, 1.51821, 1.52405

USDJPY

After the upward movement on Tuesday the pair fixed above a main weekly pivot 121.676. AO indicator is in positive zone above line of balance and line of support/resistance. Local extremum from December 11 was repeated. If the pair continues to move up and fixes above level МА200 122.118, we may aim at monthly pivot 122.407, where we can see the elder movings. We may aim above at weekly pivot R1 122.772 and point 123.338.  Farther target is a monthly pivot R1 124.559. If we fix below an area 121.676 (main weekly pivot)-121.345 (main daily pivot), where we can see the defining movings, we may aim at area 121.060 (monthly pivot S1)-120.898.   Lower target area may be a range 120.125-119.876 (weekly pivot S1). Farther target is a level 119.678.     

Daily levels of support: 121.676, 121.345, 121.060, 120.125

Daily levels of resistance: 122.118, 122.407, 122.772, 123.338