USDJPY

The USD/JPY pair has been shifting sideways in a tight range last week, forming a bullish wedge. As it stands, the bulls are in charge, driving the pair to the next resistance level 111.50 and if capture they will look to push higher up to 112.However if bears manage to shown some strength we might see a test of the trend line at 111.35.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.97 111.06 111.15 111.24 111.33 111.42 111.51
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

Currently the pair is testing the resistance level of 1.1200. Bulls aiming to break through 1.1200 resistance level, and if they break through we might see upside movement retesting 1.1250 with 1.1300 on the horizon. However, if bears can push and break through the psychological level of 1.1200, we will likely see further downside movement as 1.1175, 1.1150 is exposed.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1095 1.1186 1.1193 1.1197 1.1204 1.1208 1.1215
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

Slightly bullish sentiment on cable. Bulls are testing the resistance level of 1.2750 and if they break through we might see upside movement towards to 1.2775 with 1.2800 in the horizon. However, if bears can retake 1.2730, we will likely see further downside movement retesting 1.2700 support level.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2724 1.2728 1.2737 1.2741 1.275 1.2754 1.2763
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 climbed for a third session in a row Friday, extending gains from a five-week low of 1241.70 hit last week. As it stands, the precious metal is being tested at 1253 support level. Bears will try to break below 1253 to push lower as 1250 and 1245 is exposed. Bulls from the other side will try to capture 1255 and push higher to retest 1260.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1256.73 1257.33 1257.79 1258.39 1258.85 1259.45 1259.91
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