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BIANRY OPTIONS AFTERNOON UPDATE

EUR/USD 1.06062 00:30 21.02
NZD/USD 0.71666 00:30 21.02
AUD/CAD 1.00763 00:20 21.02
BitCoin/CNY 7290.305 00:00 21.02
AUD/NZD 1.07178 00:00 21.02
NZD/USD 0.71742 00:00 21.02
EUR/AUD 1.37969 00:00 21.02
CAD/JPY 86.436 00:00 21.02
NZD/JPY 81.265 00:00 21.02
AUD/USD 0.76895 00:00 21.02
AUD/JPY 87.098 00:00 21.02
GBP/JPY 141.280 00:00 21.02
EUR/JPY 120.171 00:00 21.02
USD/JPY 113.272 00:00 21.02
EUR/USD 1.06089 00:00 21.02
NZD/JPY 81.332 23:30 20.02
AUD/USD 0.76855 23:30 20.02
AUD/JPY 87.028 23:30 20.02
EUR/JPY 120.162 23:30 20.02
EUR/USD 1.06119 23:30 20.02
USD/JPY 113.238 23:30 20.02
BitCoin/CNY 7186.225 23:00 20.02
AUD/NZD 1.06976 23:00 20.02
NZD/USD 0.71849 23:00 20.02
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By: Daniel Gant
December 20th 2013 4:07pm GMT, London UK

EUR/USD
On Thursday the EUR/USD continued its drop from Wednesday despite disappointing U.S. data. Philadelphia Fed Manufacturing Index came out under expectation as well as Existing Home Sales. The pair slid down due to the fact. that S&P Rating Company lowered EU rating. Today we should closely watch the GfK German Consumer Climate The expectation is to see the same level as last time (7.4) which is the highest level since August 2007 its support. The trend is now slightly bearish. The support is lying at 1.3580 and resistance at 1.3720.

GBP/USD
The GBP/USD was ranging between 1.6340 and 1.6390 during yesterday’s trading hours. The pair first expected good U.S. data and moved down but as the data came out the pair erased previous looses. Today traders should pay attention to U.K. Current Account data which will be posted early morning GMT. At the same time the U.K. GDP will be released. The expectation is to see 0.8% increase which would be little improvement compare to last release. If the GDP shows better result the GBP/USD might find a new resistance point. support lying at 1.6290 and resistance at 1.6415.

GOLD
Price of Gold priced the new information about Fed tapering yesterday and as the price fell and broke its strong support at $1,212 an ounce the price continued to fall to $1,188 an ounce where rebounded. The price is currently traded around $1,193 an ounce and we might see another movement down as the sentiment remains static. Traders should keep an eye on the U.S. data! but more to the physical market which might take an advantage of a very low price and start buying. Support at 1,180 and resistance at 1,227.

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Daniel Gant
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Daniel Gant

Broker at GOptions
My strategies have been maintained and reworked for the last four years. Win loss accuracy and a stable method of volume production has insured my clients inside my personal portfolio success, not to mention the education, guides and management sessions that I teach daily.

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Daniel Gant
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