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 |
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