EURUSD coming off at early European session after running into resistance at the Monday high at 1.3280, this levels act as the nearest resistance, with a break above exposes 1.3313 next, followed by 1.3343. Support is at 1.3242, a break below exposes 1.3225 next, followed by 1.3190. RSI is holding above 40, a break below would shift short term bias to the downside.
USDJPY posting a new monthly high at 100.60 and coming off to current levels at 100.30. The pair is in a short term bullish momentum as price action is forming a series of higher highs and higher lows. Levels to watch for the day are 100.12 is the nearest support, a break below exposes 99.73 next, followed by 99.31 the Monday low and 98.55, the Friday low post NFP figures. Nearest resistance is at 100.60, a break above exposes 100.85, followed by 101.27.
GBPUSD climbing higher yesterday, closing a 3rd day in a row positively, The GBPUSD is in a short term bullish momentum as price action is forming a series of higher highs and higher lows. Levels to watch ahead are, resistance is at 1.5744, a break above exposes 1.5817 next. Support for the pair is at 1.5715, a break below exposes yesterday Lows at 1.5684 next, followed by 1.5647.
Gold falling sharply yesterday retracing all of the gains made on Friday, Post the NFP figures. Price has fallen to Friday lows at 1357 and has bounced a little bit at the Asian session towards 1368.46. Bias remains to the downside and the preferred strategy is to sell rallies. Resistance is at 1368.46 a break above exposes 1373.62 next, followed by 1380.88. Support levels are at 1357.76 initially, with a break below exposes 1351.84 and 1346.73 next.