3^rd December 2021 Technical Analysis

GBPJPY

GBPJPY fell on Thursday, and the technical bias is bearish due to lower highs in the recent downtrend.

The pair is currently trading near 150.411，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 150.550

Resistance level 2: 150.750

Resistance level 3: 151.000

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 150.300

Support level 2: 150.100

Support level 3: 149.850

Today, the United Kingdom will announce the November Markit comprehensive PMI data. Higher data indicate favourable to the British pound, so it is bullish for the GBPJPY currency pair, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the GBPJPY currency pair near the current level.

AUDUSD

AUDUSD fell on Thursday, and the technical bias is bearish due to lower lows in the recent downtrend.

The pair is currently trading near 0.70886，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 0.71050

Resistance level 2: 0.71150

Resistance level 3: 0.71250

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 0.70750

Support level 2: 0.70630

Support level 3: 0.70500

Today, the United States will release non-agricultural employment data for November. Higher data indicate favourable to the U.S. dollar, so it is negative for the AUDUSD currency pair, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the AUDUSD currency pair near the current level.