USDJPY

The USD/JPY in bullish sentiment is testing the support level of 112.70. As it stands, bulls will look to capture 112.70 to push higher up to retest 113.00 resistance level, while bears will look to capture 112.00 psychological support level as to regain the bearish trend with targets at 111.75, 111.50 and 111.25.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.83 111.97 112.11 112.25 112.39 112.53 112.67
WEEKLY 109.48 110.29 111.33 112.14 113.18 113.99 115.03
MONTHLY 105.67 107.24 109.81 111.38 113.95 115.52 118.09
 

EURUSD

Currently the pair is trading sideways within the range of 1.1435 and 1.1400. Bulls will try to break through 1.1435 to push higher as 1.1500 is on the horizon. However, if bears can push and break through the level of 1.1400, we will likely see retracement as 1.1350, 1.1300 is exposed.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1407 1.1412 1.1417 1.1422 1.1427 1.1432 1.1437
WEEKLY 1.0970 1.1070 1.1248 1.1348 1.1526 1.1626 1.1804
MONTHLY 1.0881 1.0999 1.1212 1.1330 1.1543 1.1661 1.1874
 

GBPUSD

GBPUSD rejected after testing the support level of 1.2985. Currently bulls are pushing, to breakthrough 1.3025 towards to 1.3050 with 1.3100 on the horizon. However, if bears can push and break through 1.3000, we will likely retracement as 1.2950, 1.2900 is exposed.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2987 1.2996 1.3006 1.3015 1.3025 1.3034 1.3044
WEEKLY 1.2481 1.2592 1.2810 1.2921 1.3139 1.3250 1.3468
MONTHLY 1.2287 1.2437 1.2732 1.2882 1.3177 1.3327 1.3622
 

GOLD

Gold prices came under pressure amid indications that several major central banks around the world are getting ready to join the Federal Reserve in tightening monetary policy. Currently the precious metal is being testing the trend line at 1235 as bears are pushing to break below as 1230 and 1225 is exposed. Bulls from the other side will try to capture 1240 and push higher to 1250.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1239.53 1240.55 1241.59 1242.61 1243.65 1244.67 1245.71
WEEKLY 1210.36 1223.43 1232.86 1245.93 1255.36 1268.43 1277.86
MONTHLY 1157.30 1196.90 1219.60 1259.20 1281.90 1321.50 1344.20