EURUSD

EURUSD remains stable despite the political fallout in the UK. Bears are pushing downside to capture the support level of 1.1150 and if so, we will likely see further downside movement as 1.1125 and 1.1100 is exposed. However, if bulls can retake 1.1200, we will likely see upside movement and retest of the trend line level 1.1250.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1175 1.1180 1.1184 1.1189 1.1193 1.1198 1.1202
WEEKLY 1.1025 1.1095 1.1146 1.1216 1.1267 1.1337 1.1388
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GBPUSD

Bears are dominating as the pair moved lower breaking through 1.2700, finding finally a support at 1.2625, as the bulls pushed back. If Bulls manage to close above 1.2675, we might see further strengthening and movement to upside, with a view to 1.2700 on the horizon. However, if bears manage to take the control and close it below 1.2625, we might see further downside movement towards to 1.2600.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2627 1.2635 1.2650 1.2658 1.2673 1.2681 1.2696
WEEKLY 1.2240 1.2436 1.2590 1.2786 1.2940 1.3136 1.3290
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

USDJPY

The pair fell below the psychological 110 level as bears dominated, finding finally support at 109.65 support level. Bulls reacted and pushed back, trying to recapture the significant 110.00 level. Bulls will look to capture 110.00 to push higher up to 110.25 resistance level, while bears will look to push lower and retest 109.65 level.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.90 109.93 109.99 110.02 110.08 110.11 110.17
WEEKLY 107.63 108.36 109.35 110.08 111.07 111.80 112.79
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55
 

GOLD

The precious metal consolidates sideways ahead of the Fed rate decision. As it stands Gold is trading within the range of 1268 and 1263. Bears are looking to push lower and retest the 1264 significant support level to take it lower as, 1260 and 1250 is exposed. However, bulls will try to capture 1270 and push higher to the resistance level of 1275.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1258.74 1262.17 1265.54 1268.97 1272.34 1275.77 1279.14
WEEKLY 1227.04 1246.87 1259.14 1278.97 1291.24 1311.07 1323.34
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54