Weekly Watch: December 3 to 7, 2012

First week of December, folks! Make sure y’all start the last month of the year on a solid note by hookin’ up your charts with these hot levels on EUR/JPY, GBP/JPY, and EUR/GBP!

EUR/JPY

EUR/JPY Hourly Chart

EUR/JPY has been on a roll the past few weeks, rising up the charts like an MJ single. That said, I wouldn’t be surprised if this pair continues to shoot up to new highs. If we see a solid candle close above the 108.00 MaPs and top WATR, we may just see the pair go all the way back up to 109.00!

  • WO: 106.87
  • Top WATR: 108.10
  • Bottom WATR: 105.64
  • PWH: 107.67
  • PWL: 105.28

GBP/JPY

GBP/JPY Hourly Chart

For Guppy, I think we could see tons of interest around the hard levels, especially at 132.00 and 133.00. Price bounced off 132.00 a couple of times last week, while the 133.00 mark lines up closely with the top WATR. Our best bet, though, might be to wait for some reversal candles at those levels before putting up any positions!

  • WO: 131.86
  • Top WATR: 133.08
  • Bottom WATR: 130.64
  • PWH: 132.83
  • PWL: 130.45

EUR/GBP

EUR/GBP Hourly Chart

Just like EUR/JPY, EUR/GBP has been trending higher, albeit at a slower pace. I wouldn’t be surprised if we see the pair break the PWH and test the top WATR. Down south, I think the .8100 handle could also see a lot of action, as it served as solid resistance throughout last week.

  • WO: .8104
  • Top WATR: .8152
  • Bottom WATR: .8056
  • PWH: .8134
  • PWL: .8059

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