EURUSD

The pair has seen some gains in the past week due to positive outlook on the Eurozone. The RSI indicates a loss of momentum with a downward trend from 1.11910 average but still in the positive zone near the 70 level. MACD oscillator is going on steady above its trigger line, maintaining the average of 1.11910 level could reach 1.1170 support level if the slow momentum persists.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1183 1.1190 1.1196 1.1203 1.1209 1.1216 1.1222
WEEKLY 1.0720 1.0820 1.1014 1.1114 1.1308 1.1408 1.1602
MONTHLY 1.0276 1.0422 1.0660 1.0806 1.1044 1.1190 1.1428
 

GOLD

GOLD is neutral in the near term after the recent small decline following a sharp rally from the 1256.98 area. Now it is taking a pause and the market is consolidating gains around 1.253.19. The 1265.39 level has proven to be strong resistance as prices failed to cross this barrier so far this month. Upside momentum faded at early May and RSI reached overbought territory at 90, suggesting that consolidation or a pullback was due. Immediate support lies at 1249.00 and below this, 1245.76, before a key support level comes into view at 1237.83.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1252.04 1253.24 1255.03 1256.23 1258.02 1259.22 1308.34
WEEKLY 1193.74 1210.27 1231.94 1248.27 1270.14 1286.67 1308.34
MONTHLY 1191.34 1218.37 1243.34 1270.37 1295.34 1322.37 1347.34
 

GBPUSD

The pair peaked at 1.30393 before bears retraced to drive the pair back below the 129772 key support level. The indication currently looks at the dominant level of 1.3000 mark and a steady movement within that range. Bulls will look to capture 1.30069, closing above 1.30146, as a stepping stone to a new resistant level of 1.302000

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2817 1.2912 1.2974 1.3007 1.3070 1.3103 1.3198
WEEKLY 1.2618 1.2801 1.2919 1.2983 1.3101 1.3166 1.3348
MONTHLY 1.1547 1.2147 1.2530 1.2748 1.3130 1.3348 1.3948
 

USDJPY

Bears could not sustain the attack on the 110.942 support level as we saw bulls resurface to drive the pair higher before entering consolidation. As it stands, bulls will look to keep price above 111.30 as and a slight move to 111.480. However, bears will look to capture 111.3200 levels as a stepping stone to testing previous lows.

  USDJPY​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.01 110.68 110.98 111.34 111.64 112.00 112.67
WEEKLY 104.55 108.17 109.72 111.79 113.34 115.41 119.02
MONTHLY 103.22 106.87 109.27 110.53 112.92 114.18 117.83