EUR/USD

Bears pushed the pair testing the support level of 1.0850. Currently the pair is strengthening looking forward to the resistance level of 1.0900. Should bears manage to close below the 1.0850 support level, we will see further downside as 1.0825, 1.0800 and 1.0775 is exposed. However, if bulls can retake 1.0900, we will likely see further upside movement retesting 1.0925 with 1.0950 on the horizon.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0849 1.0853 1.0858 1.0862 1.0867 1.0871 1.0876
WEEKLY 1.0446 1.0523 1.0625 1.0702 1.0804 1.0881 1.0983
MONTHLY 1.0046 1.0269 1.0461 1.0684 1.0876 1.1099 1.1291
 

GBPUSD

Bulls managed to break to the upside of the range, making highs of 1.2915. As it stands, we have a retracement and currently the pair is testing the 1.2880 support level. Should bears manage to close below the 1.2880 support level, we will see further downside as 1.2855 and 1.2830 is exposed. However, if bulls can retake 1.2900, we will likely see further upside movement retesting 1.2925 with 1.3000 on the horizon.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2892 1.2898 1.2902 1.2908 1.2912 1.2918 1.2922
WEEKLY 1.2191 1.2352 1.2583 1.2744 1.2975 1.3136 1.3367
MONTHLY 1.1716 1.1911 1.2230 1.2425 1.2744 1.2939 1.3258
 

USDJPY

Bear took control and the pair retraced to test the support level of 111.00. Currently bulls look stronger with the pair testing the 111.25 resistance level, which, if captured, will expose 111.50, 111.75 and 112.00. However, if bears manage to hold it below the support of 111.25, we could a retest of 111.00 support level, which if breaks downside, we will see further downside as 110.75 and 110.50 is exposed.

USDJPY
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.01 111.05 111.11 111.15 111.21 111.25 111.31
WEEKLY 106.91 107.51 108.30 108.90 109.69 110.29 111.08
MONTHLY 103.71 106.90 109.14 112.33 114.57 117.76 120.00
 

GOLD

Precious metal is testing the resistance level of 1266 and the trend line. Currently Bulls will look to break the resistance level of 1266, if they are to begin the long road to recovery and make a move on the 1300 resistance level. While bears will look to capture 1260 if they want to test lower.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1265.14 1265.64 1266.02 1266.52 1266.90 1267.40 1267.78
WEEKLY 1255.20 1265.30 1277.20 1287.30 1299.20 1309.30 1321.20
MONTHLY 1148.28 1172.23 1209.76 1233.73 1271.26 1295.23 1332.76