04 February 2020

Spanish Unemployment Change: Tuesday, 8:00. After a sharp decline of 34.6 thousand in December, investors are bracing for a gain of 44.2 thousand in unemployment rolls in January.

EUR
Spanish Unemployment Change

  • EURUSD

As could be seen on the chart above that the pair is traded below a strong resistance level that is the downtrend line. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1.0990.

Resistance levels: Support levels: Recommended:
▪ 1.1150
▪ 1.1100
▪ 1.1090
▪ 1.0990
▪ 1.1950
▪ 1.0900
We are bearish as long as the pair is traded below the downtrend line.
  • GBPUSD

The chart above shows that the pair is about reaching a strong support area located between: 1.2960 to 1.2900. Therefore, we will be waiting for the pair to reach that area then in case the pair shows up bullish evidence, we can go long targeting the level of 1.3100.

Resistance levels: Support levels: Recommended:
▪ 1.3400
▪ 1.3350
▪ 1.3300
▪ 1.2900
▪ 1.3000
▪ 1.2850
Waiting for the pair to reach the area mentioned in the report.
  • GOLD

As could be seen on the chart above that the pair is traded below a strong resistance level that is 1595. Therefore, we are bearish as long as the pair is traded below it. Our first target is 1555.

Resistance levels: Support levels: Recommended:
▪ 1590
▪ 1587
▪ 1570
▪ 1565
▪ 1555
We are bearish as long as the pair is traded below the level of 1595.
  • AUDUSD

The chart above shows that the pair is traded above a strong support level that is 0.6688. Therefore, we are bullish as long as the pair is traded above it. Our first target is 0.6750.

Resistance levels: Support levels: Recommended:
▪ 0.7123
▪ 0.6988
▪ 0.6820
▪ 0.6750
▪ 0.6684
▪ 0.6600
We are bullish as long as the pair is traded above 0.6688.
  • GBPJPY

The chart above shows that the pair is traded above a strong support level that is 141. Therefore, we are bullish as long as the pair is traded above it. Our first target is 142.50 followed by 144.

Resistance levels: Support levels: Recommended:
▪ 146.50
▪ 146.00
▪ 144.20
▪ 141
▪ 140.50
▪ 140.00
We are bullish as long as the pair is traded above 141

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.