EURUSD

The pair had two days in the red but experienced a strong bounce early this morning as bulls found support at the 1.0717. Currently the pair is pushing through key resistance at 1.0780 as bull’s hunt for the 1.0800 round number and perhaps beyond to 1.0825, 1.0850. Bears will look to defend these levels and will need to recapture 1.0775 if they wish to revisit yesterday’s lows at 1.0750, 1.0725 and 1.0700.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0659 1.0691 1.0715 1.0747 1.0771 1.0803 1.0827
WEEKLY 1.0341 1.0524 1.0631 1.0707 1.0814 1.0890 1.1073
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.7740 1.0971 1.1112
 

GBPUSD

Yesterday early bullishness was overturned as bear managed to drop price by just under 100 pips form the high before bulls came in to support the pair. As it stands, bulls will look to capture 1.2375 if they are to retest yesterday highs with potential targets at 1.2400, 1.2425 and 1.2450 while bears will need to retake 1.2350 if they wish to test lower with potential targets at 1.2325, 1.2300 and 1.2275.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2211 1.2272 1.2315 1.2376 1.2419 1.2480 1.2523
WEEKLY 1.1711 1.2007 1.2201 1.2303 1.2497 1.2599 1.2896
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

The pair bottomed out at 112.25 before strong support came through with bulls driving the pair back toward the 112.75 resistance level. As it stands bulls will look to capture this level with targets at 113.00, 113.25 and 113.50 while bears will look to retake 112.50 as a stepping stone to 112.25, 112.00 and 111.75.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.92 112.18 112.37 112.63 112.82 113.08 113.27
WEEKLY 108.21 110.84 111.76 113.48 114.40 116.12 118.75
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Gold peeked at 1235 before strong selling pressure saw the precious metal head south with bears aggressively breaking through the trendline before finding support at 1227. As it stands, bulls will need to retake 1230 if they wish to regain a foothold on 1235, 1240 and 1245 while bear swill look to capture 1227 as a stepping stone to 1225, 1220 and 1215.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1225.36 1227.33 1230.46 1232.43 1235.56 1237.53 1240.66
WEEKLY 1172.66 1184.73 1207.26 1219.33 1241.86 1253.93 1276.46
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04