EURUSD

The pair continues to retrace as we see bulls drive price back up to the 50% fibo retracement, nearing the 1.0600 handle. As its stands bulls will look to keep price above 1.0575 in hopes of targeting 1.0600, 1.0625 and 1.0650 while bears will look to capture 1.0575 in hopes of reigniting the dominant trend lower with targets at 1.0550, 1.0525 and 1.0500.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0456 1.0514 1.0548 1.0572 1.0606 1.0630 1.0688
WEEKLY 1.0289 1.0447 1.0532 1.0606 1.0690 1.0764 1.0922
MONTHLY 0.9703 1.0175 1.0483 1.0648 1.0955 1.1120 1.1593
 

GBPUSD

Bulls finally managed to find their edge, lifting the pair off its 1.2420 support level to make highs of 1.2550 before the pair entered consolidation. As it stands, bulls will look to keep their momentum with a close above 1.2550 likely to be the gateway to the 1.2575, 1.2600 and 1.2625 resistance levels. On the other hand, bears will look to close below 1.2550 in hopes of testing the 1.2525, 1.2500 and 1.2475 support levels.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2246 1.2381 1.2468 1.2515 1.2602 1.2649 1.2784
WEEKLY 1.2116 1.2282 1.2346 1.2448 1.2512 1.2613 1.2779
MONTHLY 1.1029 1.1719 1.2146 1.2410 1.2837 1.3101 1.3791
 

USDJPY

The pair continued on its way south as we saw bears make a b-line for the 112.50 level before bulls could muster enough strength to fight them off. As it stands, bulls will look to keep the pair bid above 112.75 as a stepping stone to testing 113.00, 113.25 and 113.50 while bears will look to capture 112.75 in hopes of triggering more selling with targets at 112.50, 112.25 and 112.00.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.26 112.05 112.33 112.83 113.12 113.62 114.41
WEEKLY 108.79 111.13 111.99 113.48 114.33 115.82 118.16
MONTHLY 101.57 108.11 110.66 114.64 117.19 121.17 127.70
 

GOLD

Bulls finally did it, they managed to test the 1250 handle which has been on their agenda since earlier in the year. As it stands, bulls will look to keep their edge above 1250 in hopes of exposing further upside with 1255, 1260 and 1265 on their radar. However, should bears recapture 1250, we will see the precious metal potential slide as bulls take profit and bears look to sell at the relatively bargain price with downside targets at 1245, 1240 and 1235.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1226.56 1231.33 1240.76 1245.53 1254.96 1259.73 1269.16
WEEKLY 1198.96 1208.13 1222.86 1232.03 1246.76 1255.93 1270.66
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74