Daily analysis of USD/JPY for December 15, 2017

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Overview

The USD/JPY pair traded lower yesterday and approached our initial target at 111.90. The pair came under negative pressure formed by the EMA50. We still suggest the bearish trend for today. Please note that breaking the mentioned level will extend the bearish wave to reach 111.00 directly. Holding below 113.00 is the main condition to continue the expected decline, while breaching it will stop the current negative pressure and lead the price to regain its main bullish track again. The expected trading range for today is between 111.30 support and 113.00 resistance.

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

Daily analysis of GBP/JPY for December 15, 2017

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Overview

No news for the GBP/JPY pair. Meanhwile, the pair faces additional negative pressures by stochastic, approaching the 20 level This confirms that the anticipated bullish rally is delayed.

Please be aware that it is extremely important to monitor the price behavior in case the initial support at 150.00 is touched. Besides, you are recommended to recognize the trend for the near term and medium term. We should note that the stability of the initial support will allow the price to renew the bullish attempts to push the 152.85 barrier and reinforce the domination of the bullish bias for the upcoming trading. On the other hand, a negative close below the current support will force the price to suffer more losses and target 38.2% Fibonacci correction level at 148.25. The expected trading range for today is between 150.00 and 152.85

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

Daily analysis of Gold for December 15, 2017

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Overview

Gold price continues to move around the EMA50, keeping steadily below the key resistance 1,263.15. Thus, the bearish trend is still suggested for the upcoming period. Supported by stochastic head downwards on the four-hour time frame, the price is waiting to test 1,240.85 level mainly. We remind you that breaking the targeted level will extend price losses, so that Gold will be able to reach the recently recorded low at 1,204.81, while breaching 1,263.15 will stop the current negative pressure and push the price to recover on the intraday and short-term basis. The expected trading range for today is between 1,240.00 support and 1,265.00 resistance.

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

Daily analysis of Silver for December 15, 2017

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Overview

Silver price retreated below 16.00 after the rise in the previous sessions. Stochastic keeps losing the positive momentum clearly on the daily time frame. Amid the downward pressure, we are waiting until the price resumes the bearish bias in the upcoming sessions with a target testing 15.49 level mainly. Therefore, we still suggest the bearish trend in the upcoming sessions unless we witness a clear breach and the price is able to hold above 16.56. The expected trading range for today is between 15.70 support and 16.05 resistance.

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