USD/JPY

Summary : Target Level : 118.4126Target Period : 16 hours
Analysis :
Falling Wedge has broken through the resistance line at 29-Jan-03:00 2015 GMT. Possible bullish price movement forecast for the next 16 hours towards 118.413.
Resistance Levels :
( B ) 118.227Last resistance turning point of Falling Wedge.
Support Levels
( A ) 117.253Last support turning point of Falling Wedge.

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GBP's Weakened again today

 GBP/JPY  Daily
14::15 GMT - GBP's Weakened again today from short of 181 : market     remains held off the Nov-Dec top, filling out the wide end-Oct rally  range. We'd lean lower from here for range extension into 174.62, and a general decline into 172.00/ the 2014 range pivot. [NR]
R5: 188.15-55   9-Dec sell accel
R4: 187.75 * 29-Dec high
R3: 187.30 * 2-Jan high
R2: 181.05  early Nov-13 lows
R1: 180.92 * 8, 9-Jan highs
S1: 175.75 * 16-Jan low
S2: 175.00~   Jan & Jul tops
S3: 174.62 * 31-Oct low
S4: 172.00 * 2014 high volm
S5: 171.02   22-Oct low

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EUR/USD continues to lose ground on Thursday

EUR/USD continues to lose ground on Thursday, as the pair trades at the 1.17 line in the European session. The euro slipped as low as 1.1580, its lowest level since November 2003. On the release front, Eurozone Trade Balance improved to EUR 20.0B, but this was short of expectations. Later in the day, the German Bundesbank President Jens Weidmann will deliver remarks in Berlin. It’s a busy day in the US, highlighted by Unemployment Claims. We’ll also get a look at PPI and the Philly Fed Manufacturing Index.
EUR/USD was flat in the Asian session. The pair has posted losses in the European session, breaking below resistance at 1.1734 and testing support at 1.1634.
1.1734 has switched to a resistance role as the pair has dropped to lower levels.
1.1634 is an immediate support role. EUR/USD is pointing to gains in short positions on Thursday, reversing the direction seen a day earlier. This is consistent with the pair’s movement, as the euro continues to post more losses. The ratio is showing a split between long and short open positions, indicative of a lack of trader bias towards where the pair is headed next.

EUR/USD Daily

 EUR/USD   Daily
13::40-GMT - Decent reversal underway with prices moving above the important res. at 1.1820. Next focus is the 1.1850/70 band. Sup.  should be higher now at 1.1765.  N.I.
R5: 1.1968 * 6 Jan high
R4: 1.1920  intraday level
R3: 1.1896 * 7 Jan high
R2: 1.1870  Mon high
R1: 1.1850/60  intraday level
S1: 1.1765  intraday level
S2: 1.1726  today low
S3: 1.1720 * projection
S4: 1.1700  figure
S5: 1.1640  2005 low

Gold has posted slight losses on Monday

Gold has posted slight losses on Monday, trading at the spot price of $1219.73 per ounce in the European session. Gold posted strong gains to end the week, as the metal trades comfortably above the key line of $1200. On the release front, the only data release out of the US is the Labor Conditions Market Index. As well, FOMC member Dennis Lockhart will deliver a speech in Atlanta.
XAU/USD posted gains in the Asian session. The pair has reversed directions in European trade and given up the earlier gains.
1215 is a weak support line. The round number of 1200 is next.
On the upside, 1240 an immediate resistance line. XAU/USD ratio is almost unchanged on Monday. This is not consistent with the pair’s movement, as gold has posted slight losses. The ratio remains a split between open and short positions, indicating a lack of trader bias as to what direction the pair will take next.