USDJPY

The USD/JPY pair retraced after testing the resistance level of 112.85 finding support at 111.80. As it stands, bulls will look to capture 112.50 to push higher up to retest 113.00 resistance level, while bears will look to capture 112.00 psychological support level as to regain the bearish trend with targets at 111.75, 111.50 and 111.25.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.82 111.86 111.93 111.97 112.04 112.08 112.15
WEEKLY 109.67 110.2 110.75 111.28 111.83 112.36 112.91
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55
 

EURUSD

President Draghi’s speech continues to lead the EUR higher. Currently the pair found a resistance level at 1.1450, with bulls trying to break through with 1.1500 on the horizon. However, if bears can push and break through the level of 1.1400, we will likely see retracement as 1.1350, 1.1300 is exposed.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1409 1.1418 1.1424 1.1433 1.1439 1.1448 1.1454
WEEKLY 1.1037 1.1077 1.1135 1.1175 1.1233 1.1273 1.1331
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GBPUSD

GBPUSD climbs higher since BOE might remove some monetary stimulus. Currently the pair found resistance at 1.3030, as bulls will try breakthrough upside towards to 1.3050 with 1.3100 on the horizon. However, if bears can push and break through 1.3000, we will likely retracement as 1.2950, 1.2900 is exposed.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2981 1.2993 1.3001 1.3013 1.3021 1.3033 1.3041
WEEKLY 1.2371 1.2479 1.2599 1.2707 1.2827 1.2935 1.3055
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

GOLD

Gold prices retraced as a flurry comments from the Central banks loosening their monetary policy, lowered the demand for the precious metal. Currently the precious metal is being tested at 1242 as bears are pushing to break below 1242 as 1241 and 1240 is exposed. Bulls from the other side will try to capture 1250 and push higher to retest 1255.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1227.50 1234.13 1240.76 1247.39 1254.02 1260.65 1267.28
WEEKLY 1227.1 1234.4 1245.4 1252.7 1263.7 1271 1282
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54