USDJPY

USD/JPY had a robust bullish bias last week edging higher to break the 111.00 key resistance area. Currently the bias remains bullish in the short-term testing 112.15 region. The immediate support is seen around 110.50 with a break from here to expose 109.54 level and a further downward trend could indicate a bearish bias for the pair. Meanwhile, a clear break of 112.15 could mean a new resistance level of 114.40 being targeted.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.82 110.91 111.05 111.14 111.28 111.37 111.51
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 attempted to go lower last week bottomed at 1.1836 but closed on Friday at 1.1948. The short-term bias is currently neutral but if EURUSD stays above support level 1.1824, the bullish trend would prove to be strong with 1.2175 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 1.1893 1.1907 1.1923 1.1937 1.1953 1.1967 1.1983
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 held its bullish momentum last week and topped 1.3616. The price is moving above EMA 200 on H1, H4 and daily chart suggesting a strong bullish bias. The immediate support is currently seen around 1.3500. The bias remains bullish in short term testing 1.3700 – 1.3750 region. The general outlook for GBPUSD is bullish in the short to medium term.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3526 1.3542 1.3560 1.3576 1.3594 1.3610 1.3628
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