EURUSD

The pair has been consolidating between 1.0550 and 1.0575 after finding strong resistance at 1.0625. As it stands bulls will look to close above 1.0575 in hopes of testing 1.0600, 1.0625 and 1.0650 while bears will look to capture 1.0550 in hopes of testing lower with potential targets at 1.0525, 1.0500 and 1.0475.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0500 1.0528 1.0547 1.0575 1.0594 1.0622 1.0641
WEEKLY 1.0311 1.0447 1.0535 1.0583 1.0671 1.0719 1.0855
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.7740 1.0971 1.1112
 

GBPUSD

Last week’s smack down of the pair continued this week as bears hammered the pair lower to just shy of the 1.2150 support level before we saw light profit taking drive the pair back above 1.2200. As it stands, bears will look to retest 1.2175 in hopes of breaking through and driving the pair even lower with potential targets at 1.2150, 1.2125 and 1.2100 while bulls will look to solidify their hold on 1.2200 in hopes of retracing some of their recent losses with potential targets at 1.2225, 1.2250 and 1.2275.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2075 1.2121 1.2161 1.2207 1.2247 1.2293 1.2333
WEEKLY 1.1801 1.2065 1.2180 1.2330 1.2445 1.2594 1.2858
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

he pair has been consolidating between 113.50 and 114.00 since the start of the week as both sides look for a reason to breakout. As it stands, bulls will look to capture 114.00 in hopes of testing higher with targets at 114.25, 114.50 and 114.75 while a close below 113.50 will expose 113.25, 113.00 and 112.75.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 113.26 113.48 113.73 113.95 114.20 114.42 114.67
WEEKLY 107.36 110.42 112.22 113.49 115.29 116.55 119.62
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Gold continues to be sold off as bulls are nowhere to be found. Currently, the precious metal is testing the 1215 support level which bears will look to capture as a stepping stone to testing the all-important psychological level of 1200 while bulls will look to capture 1220 as a stepping stone to reversing the short term trend in a bid to retest 1250.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1199.04 1206.37 1210.74 1218.07 1222.44 1229.77 1234.14
WEEKLY 1171.04 1196.97 1211.24 1237.17 1251.44 1277.37 1291.64
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04