JOLTS Job Openings: Tuesday, 15:00. The number of job openings is eyed by the Fed, thus making it important despite the lag: we will now get the report for November, a few days after the jobs report for December. After showing 6 million annualized job openings in November, a small rise to 6.05 million is on the cards now
USD
JOLTS Job Openings
- EURUSD
The pair is traded below a strong resistance level that is 1.2100 and it is on its way to reach the uptrend line shown on the chart in blue. So, we will be waiting for the pair to reach the uptrend line then after reaching it, we will need to keep an eye on the behavior of the price so in case it shows some positive factors above it, we can go long.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.2300 ▪ 1.2200 ▪ 1.2100 |
▪ 1.1670 ▪ 1.1600 ▪ 1.1550 |
Waiting for the pair to reach the uptrend line |
- GBPUSD
As could on the daily chart that the pair is traded below a strong resistance level that is 1.3650 in a range that is very tight so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.3400 during the week. This is conditioned by the continuation of trading below the level of 1.3650.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.3650 | ▪ 1.3400 ▪ 1.3250 ▪ 1.3200 |
We remain bearish as long as the pair is traded below the level of 1.3650. |
- GOLD
As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1325 so we believe that in case this level is broken, we can go long targeting the level of 1330 followed by 1335 during the week.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1340 ▪ 1330 ▪ 1320 |
▪ 1250 ▪ 1240 ▪ 1210 |
We are bullish in case the level of 1325 is broken. |
- AUDUSD
There is a potential that the pair is forming a head and shoulders pattern. The 2nd shoulder is being formed as we can see so this may help the used to gain value against the and then a pullback is expected from there so the pair can reach the neckline of the pattern.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.8100 ▪ 0.8060 ▪ 0.7810 |
▪ 0.7740 ▪ 0.7500 |
Waiting for the pair to reach the level of 0.7737. |
- GBPJPY
As could be seen on the chart above that the pair is traded below a strong resistance level that is 153.37 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the 50 ema.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 152.90 ▪ 152 |
▪ 148 ▪ 147 |
We remain bullish as long as the pair is traded above the 50 ema. |
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