EURJPY Climbs Above 185.50 on Euro Buying: Bullish Momentum Intact, Buy Dips Toward 187 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Consolidates in Tight Range: Sell Rallies as Longer-Term EMAs Turn Bearish 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD gains some momentum as dollar weakens following US-Iran tensions flare up 
AUDJPY Stuck in Tight Range – Time to Sell Rallies Toward 110? 
FxWirePro: USD/JPY eases as intervention risk and geopolitics engage in a fierce tug-of-war. 
FxWirePro: EUR/NZD dips as focus shifts to Mideast hostilities 
FxWirePro: NZD/USD extends rally as markets price in hikes 
NZDJPY Surges on NZD Buying: Bullish Setup Eyes 95 as Key Support Holds 
FxWirePro: AUD/USD strengthens as Aussie gains on hawkish RBA remarks 
FxWirePro: USD/CNY hits one week high, outlook bullish 
FxWirePro- Woodies pivot (Major) 
NZDJPY Turns Bullish After RBNZ Pause – Buy Dips Toward 95? 
USD/ZAR advances as rising Middle East tensions weigh on rand 
FxWirePro:USD/JPY on 162 again, volatility not ruled out 
USD/CHF Eases From Intraday High as Dollar Momentum Fades 
- Candle stick pattern – Shooting star (5th Dec 2016)
- Candle stick pattern – Doji (6th Dec 2016).
- Major support - $50
- The black gold made a temporary top around $52.39 on 5th Dec 2016 and started to decline sharply from that level. It has broken major support $50 and declined till $49.70 at the time of writing. It is currently trading around $49.87.
- Any violation below $50 confirms minor weakness, a decline till $47.80 (34 – day EMA)/$46.40 (100- day MA).
- On the higher side, $51.40 (61.8% fibo of $52.39 and $49.70) will be acting as immediate resistance and any break above will take the commodity till $52.40 temporary top formed on Dec 5th..
It is good to sell on rallies around $50.30-$50.50 with SL around $51.40 for the TP of $47.80/$46.40.
