Daily Perspective – 28/12/2018

The markets are benefiting from the volatility fueled by the uncertainties over the US Government shutdown and Brexit. We expect this to extend in to today’s trading session as we are seeing the shutdown extending into 2019.

Considering that, here is the perspective governing our trading today.

EURUSD

We are seeing the EUR strengthening against the USD over the shutdown uncertainties, we expect to see yesterday’s rally towards Resistance levels of R161 to R200.

On the other hand price may test the daily pivot level and possibly head to S38.

GBPUSD

The pound performed least against the USD compared to it’s counterparts a continuance of this would see the pound testing support levels of S61 to S138

A move up would cause a jump to resistance levels R100-R161

USDJPY

In today’s early Asian session the JPY has gained over the USD. With price around the daily pivot and upward move would drive price to Resistance levels at R61 to R100 and a downward move could drive prices to support levels of S138.

USDCAD

Dragged down by the falling Oil prices the USDCAD has had a one sided move upwards a likelihood that will see prices testing the R100 levels.

A correction downwards will see the CAD strengthening to test Support levels of S100 to S138

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