USDJPY

USDJPY has posted strong gains in the past few days. The gains saw prices rallying to recover above the 111.00 resistance level. The immediate support is seen around 111.00 with a break from here to expose 110.00 level and a further downward trend could indicate a bearish bias for the pair. Meanwhile, a clear break of 112.00 could mean a new resistance level of 113.00 being targeted.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.67 110.90 111.20 111.43 111.73 111.96 112.26
WEEKLY 105.66 106.89 108.87 110.10 112.08 113.31 115.29
MONTHLY 105.69 106.98 108.48 109.77 111.27 112.56 114.06
 

EURUSD

The pair recovered yesterday back to 1.1990. The short-term bias is currently neutral but if EURUSD stays above support level 1.1900, the bullish trend would prove to be strong with 1.2100 region being the next target. The immediate intraday resistance level is seen at 1.2000 handle, while the immediate support is seen within the 1.1900-1.1870 range. A clear break at 1.200 could trigger further bullish pressure and on the downside a break at the key support level 1.1824 could see the pair take on a bearish bias.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1871 1.1893 1.1926 1.1948 1.1981 1.2003 1.2036
WEEKLY 1.1638 1.1738 1.1841 1.1941 1.2044 1.2144 1.2247
MONTHLY 1.1283 1.1473 1.1691 1.1881 1.2099 1.2289 1.2507
 

GBPUSD

GBPUSD was corrected lower yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.3400 support area. The immediate support is currently seen around 1.3400. A break below 1.3400 key support area might lead to 1.3300 support area. A clear break above 1.3500 area could trigger further bullish pressure testing 1.3600 key.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3294 1.3380 1.3447 1.3533 1.3600 1.3686 1.3753
WEEKLY 1.2840 1.3000 1.3297 1.3457 1.3754 1.3914 1.4211
MONTHLY 1.2220 1.2496 1.2713 1.2989 1.3206 1.3482 1.3699
 

GOLD

Gold closed lower last Friday and further downside move is expected. The immediate support is seen at 1310.00 level where a break could see the yellow metal targeting 1300.00 handle. The intraday resistance lies around 1330.00 handle where a break here could expose 1340.00 level. A further move from 1340.00 could mean a bullish trend aiming 1350.00 level but in general Gold is set to weaken further in the short to medium term.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1312.52 1315.50 1317.83 1320.81 1323.14 1326.12 1328.45
WEEKLY 1289.84 1304.67 1314.94 1329.77 1340.04 1354.87 1365.14
MONTHLY 1200.76 1228.93 1275.56 1303.73 1350.36 1378.53 1425.16