12 Feb 2021

Market Overview

  • EURUSD

UPDATE: First target has been hit. As could be seen on the chart above that the pair is trading above a strong support level that is 1.1913. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.2100 followed by 1.2200.

  • GBPUSD

UPDATE: The pair managed to break through the level of 1.3760. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3760. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3500.  On the other hand, if the level of 1.3760 is broken, we might go long to target the level of 1.3800 followed by 1.3850

  • GOLD

UPDATE: We remain the same. The chart above shows that the pair is trading above a strong support level that is 1760. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1880.

  • AUDUSD

UPDATE: Target has been hit. The chart above shows that the pair is trading above a strong support level that is 0.7560. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7750.

  • GBPJPY

UPDATE: Our targets have been hit. As could be seen on the chart above that the pair is trading above a strong support level that is 144. Therefore, we are bullish as long as the pair is trading above it. Our first is 145.50 followed by 146.

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