EUR/USD

EURUSD finished flat in yesterday’s session and has since broken above 1.1050, confirming the daily pin bar as support, which will have bulls excited as they defend 1.1050 and look to extend gains to 1.1100 and 1.1150. However, should bears manage to recapture 1.1050, we would see them target 1.1000 and this week’s lows of 1.09607.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0921 1.0953 1.0988 1.1020 1.1055 1.1087 1.1122
WEEKLY 1.0858 1.0961 1.1048 1.11581 1.1238 1.1341 1.1428
MONTHLY 1.0425 1.0567 1.0702 1.0844 1.0979 1.1121 1.1256

GBP/USD

Cable managed to close the day in the green yesterday after 4 successive days of losses. Currently the pair is retesting the 1.4000 resistance level, which if broken, will see bulls try for 1.4050, 1.4100 and 1.4150. However, should bears successfully defend 1.4000, we would expect a retest of 1.3950 and 1.3900 which would see momentum enter the market as bears try to trigger stops below the recent low of 1.3875, as they look to extend the multiyear lows.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3811 1.3854 1.3911 1.3954 1.4011 1.4054 1.4111
WEEKLY 1.3941 1.4087 1.4246 1.4392 1.4551 1.4697 1.4856
MONTHLY 1.3209 1.3644 1.3945 1.4380 1.4681 1.5116 1.5417
 

USD/JPY

USDJPY bulls have successfully defended the retest of 112.50, this week’s open, as they look to finish the week in the green. A break above 113.00, the H4 50 EMA, will open the way for 113.50 and the H4 100 EMA at 114.00. However, should bears break below 112.50, we expect a retest of 112.00 and 111.50.

USD/JPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.01 111.44 112.30 112.73 113.59 114.02 114.88
WEEKLY 108.98 110.63 111.60 113.25 114.22 115.87 116.84
MONTHLY 111.70 773.83 117.44 119.57 123.18 125.31 128.92
 

CRUDE OIL

Crude retested 31 but could not break through as significant buying power came in to drive prices to the top of the recent range at 34. This level is expected to be strongly defended by bears who will be looking to retake this week open at 32.50. Current support lies at 33, 32 and 31, with resistance at 34, 35 and 35.50.

CRUDE OIL

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 29.19 30.13 31.61 32.55 34.03 34.97 36.45
WEEKLY 24.96 26.83 28.24 30.11 31.52 33.39 34.80
MONTHLY 20.53 25.19 28.07 32.73 37.39 40.27 44.93