Kiwi Dollar – NZD/USD rally into our target at 0.6879 resistance level as we expected in our 1st December 2015 Market Outlook. Traders who went long as we recommended in our 19th November 2015 Market Outlook and at the breakout of 0.6641–0.6619 resistance area as we expected in our 1st December 2015 Market Outlook may consider taking profits at the 0.6879 resistance level. If price breaks the 0.6879 resistance level, we are then likely going to see price rally higher in the coming days.
Gold – Gold fell lower after price rejected its 1078.50 resistance level as we expected in our 22nd December 2015 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue to move lower in the coming days.
Pound Yen – GBP/JPY is fell through its 179.29 support level which could potentially lead price lower in the coming weeks. Traders who went short at the breakout of 179.29 support level may consider continue holding onto the short position while traders who missed the breakout trade may consider look for potential shorting opportunities if price pullback to resistance level to ride on this bearish trend.