EURUSD – the main actor on stage 🎬
- After closing November at 1.1598, the euro-dollar moved downward.
- Technical analysis shows room toward 1.1252 (Fibonacci 38.2%).
- A short-term rebound to 1.1315 is possible, but the overall sentiment remains bearish.
- The euro plays the role of the leading actor, swaying between support and resistance, while the audience (the market) waits for the next act.
GBPUSD – the supporting character with an uncertain fate 🎭
- After closing at 1.3232, the pound is testing support at 1.2886.
- A rebound to 1.2942 is expected, but UK fundamentals (BoE policy, economic data) are pushing the pair lower.
- Bearish sentiment dominates, with bulls appearing only in brief scenes.
- In December’s dramaturgy, the pound is more of a supporting character, trying to stage a comeback, but the audience doesn’t quite believe it.
USD/JPY – the dramatic character in correction 🎟️
- The pair has broken its main bullish trendline.
- It trades below the EMA50, and RSI signals overbought conditions.
- The correction may continue if it holds below key support levels.
- Dollar-yen thus acts as a dramatic character that has just lost its main line and is heading into a corrective scene.
Conclusion
December in forex resembles a theatrical drama:
Euro-dollar – the main actor, swaying between support and resistance.
Pound – the supporting character, struggling for a rebound but lacking audience trust.
Dollar-yen – the dramatic character that has lost its main line and is moving into correction.
Bears are the main players, bulls only make brief appearances. Day traders can take advantage of the bounces, but the long-term trend remains under pressure. December promises to be a thrilling finale to 2025.