Daily analysis of Silver for December 25, 2015

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Overview

Silver price ended yesterday's trading at 14.25 and it is showing some slight bullish bias now. When we notice that stochastic loses, it is a good momentum to reach the overbought areas. Therefore, we will continue to suggest the overall bearish trend with its next targets located at 13.50 followed by 13.00, reminding you that it is important to keep the daily close below 14.25 to continue the suggested decline.

Expected trend for today: Bearish

Expected trading range for today is between 13.70 support and 14.50 resistance.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of GBP/JPY for December 25, 2015

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Overview

The decline from 188.79 continued last week even though downside momentum was unconvincing. A further fall is expected this week as long as resistance level is at 186.33. As noted before,a consolidation pattern from 180.36 has completed at 188.79 and a deeper decline should be seen back to the 180.36/64 support zone. Nonetheless, a break of the 186.33 minor resistance would now dampen our bearish view and turn focus back to 188.79. In a long-term perspective, the uptrend from the 116.83 long term bottom could be topping. There is no confirmation yet, but even is case of another rise, a strong resistance would now likely be seen near 61.8% retracement of 251.09 to 116.83 at 199.80.

The material has been provided by InstaForex Company - www.instaforex.com