December 19 Four Major Asset Technical Scan: Memory Chips Strongly Drive Tech Stocks, Currency Market Risk Sentiment Shows Divergence

Market highlights focus on Micron Technology’s strong performance and subtle changes in macroeconomic data. The company’s latest quarterly results exceeded expectations, with demand for memory chips remaining resilient, and capital expenditures for 2026 being raised to $20 billion, injecting confidence into the tech sector. Meanwhile, the US November CPI month-over-month decline creates room for central bank policy adjustments, and the Bank of Japan’s rate hike implementation is reshaping market risk appetite.

Micron Technology: Breakthrough imminent, upward momentum remains

Micron surged 10.21% on Thursday, with the stock price reaching $263.65, hitting a recent high. From the chart, the stock is in a clear upward trend, and the recent breakout suggests a short-term move away from range-bound trading. As long as the $245 support level holds, there is potential for a new rally toward $280.

However, caution is needed: if the price falls below $220, there is a risk of trend reversal. Currently, the upward momentum driven by earnings remains intact, and the distant target of $300 is not entirely out of reach.

Support levels: 245, 220, 200
Resistance levels: 264, 280, 300

USD/JPY: Seeking direction amid narrow consolidation

USD/JPY rose 0.38% on Friday, reaching a high of 156.44. The 155.0 level has been a key support since May, indicating a pause in the short-term downtrend. If the price can stabilize above this level, the rebound could extend to 156.20 or even 158.0.

Conversely, a decisive break below 154.50 would target 152.0. Overall, the currency pair is expected to continue consolidating in the 155-157 range for some time.

Support levels: 155.0, 152.0, 150.0
Resistance levels: 156.20, 158.0, 160.0

EUR/USD: The threshold about to be tested, downward pressure emerges

EUR/USD fell for three consecutive days but stabilized above 1.1700 on Friday, though a sense of crisis has emerged. The 1.1700 level is the short-term support and resistance boundary, with the AO indicator showing increasing downside momentum, signaling warning signs.

If the price breaks below 1.1700 effectively, the next targets are 1.1630 and 1.1500. However, if the pair can hold above 1.1700 and further secure a position above 1.1630 in the medium term, the 1.20 level remains a plausible target. EUR/USD faces a critical moment of directional choice.

Support levels: 1.1700, 1.1630, 1.1500
Resistance levels: 1.1800, 1.1900, 1.2000

Gold: Signs of potential reversal under the 4350 USD resistance

Gold consolidated above $4,300 on Friday, closing with a doji pattern overnight, technically hinting at a possible reversal. The $4,350 level is currently the primary obstacle for further upside, and a breakout is needed to continue the rally.

If the rebound is blocked at $4,350, the likelihood of testing $4,220 increases. However, a successful breakout above $4,350 could lead to further challenges of the previous high at $4,381, and even target $4,400.

Support levels: 4300, 4220, 4160
Resistance levels: 4380, 4400, 4500