Intraday Forex Thursday, December 24 (EURUSD, USDJPY, & etc.) Sterling and euro extended gains on Brexit trade deal optimism.

Zulbahri_GB

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Hi everyone. This observation is made around 5:00 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Asian shares were higher on Thursday ahead of the Christmas break, as global investors cheered a potential Brexit deal and economic recovery prospects, ignoring U.S. President Trump’s threat to not sign the stimulus aid package and concern about a new strain variant of the coronavirus.

Sterling and euro extended gains on the cusp of Brexit trade deal, as both representatives hash out final details. The dollar was on the back foot as President Trump threaten to not approve the long-awaited stimulus bill, while the new cases of COVID-19 is surging.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]
  • The euro strengthened 0.17% to $1.2203 on Thursday over optimism in Brexit deal.
  • The dollar was on the back foot in holiday-thinned trading as hopes for the Brexit agreement that would protect some $1 trillion in annual cross-channel trade from tariffs and quotas sapped demand for the safest assets.
  • While the dollar moves faltered as President Trump threaten to not approve the long-awaited stimulus bill.
Important Levels to Watch for:
  • Resistance line of 1.22825 and 1.23303.
  • Support line of 1.21279 and 1.20801.
EURUSD.png



[USDJPY]
  • The dollar was flat versus the yen to 103.580 on Thursday.
  • USD/JPY nearly recovered all their losses after a rally in stocks on Wednesday and today reduced the safe-haven demand for the yen.
  • The state of the $900 billion aid package that is yet to be passed by President Trump is watched as one of the factors in moving the currency.
  • Rally in Asian stocks of the day also factored into the tone.
Important Levels to Watch for Today:
  • Resistance line of 103.796 and 103.982.
  • Support line of 103.196 and 103.010.
USDJPY.png



For analysis of USDCHF, GBPUSD and other insight into the market, read more on the WEBSITE or click on TECHNICAL ANALYSIS and DAILY MARKET NEWS.
 

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