USDJPY

The USD/JPY pair has been shifting sideways in a tight range since yesterday. The price draws bullish pattern, thus the price needs to breach 111.75 levels to activate the positive effect of this pattern, enter a rally and continue the bullish trend on the intraday and short-term basis. EMA50 indicate a bullish pattern in the upcoming sessions with the target being 113.90 level. A consolidation of level above 111.30 is expected and a continual rise. The anticipated trading range for the day is between the 111.30 support and the 112.50 resistance levels.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.53 110.74 111.02 111.23 111.51 111.72 112.00
WEEKLY 106.67 107.74 109.30 110.37 111.93 113.00 114.56
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55
 

EURUSD

The pair is consolidating currently at 1.1170 level. If the first resistance level of 1.12 is breached, we could see the bulls look to capture the 1.13 resistance level before the bears can retake heading back for a retest lower.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1095 1.1117 1.1134 1.1156 1.1173 1.1195 1.1212
WEEKLY 1.0954 1.1042 1.1120 1.1208 1.1286 1.1374 1.1452
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GBPUSD

GBP/USD is consolidating between the 1.2724 and 1.2651 levels, while the bears have been taking the control. Price action remains under pressure by the bears and we anticipate a breakout below 1.2672 to reach the 1.2570 level. The flipside, reflect a rally towards 1.2800 level once it manages to break above 1.2754.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2622 1.2638 1.2659 1.2675 1.2696 1.2733 1.2622
WEEKLY 1.2486 1.2560 1.2669 1.2744 1.2852 1.2927 1.3035
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

GOLD

Gold traded higher during the day yesterday, breaking above the $1250 level. The level is beginning to act as support, which reflects a bullish sign, and the 24-hour moving average is just below trading pricing. We anticipate that if the market breaks above the 1255 level, the market will continue a bullish trend targeting to reach the 1260 level. A break above 1260 should send the market towards the 1275 level. If the market stay above the 1250 level, we expect the bulls to continue exerting pressure over the longer term.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1238.04 1242.22 1247.64 1251.82 1257.24 1261.42 1266.84
WEEKLY 1213.24 1232.97 1244.74 1264.47 1276.24 1295.97 1307.74
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54