EURUSD

The pair found strong resistance at the 1.0625 round number which coincided with the 200 MA and the 38.2% fibo. As it stands bears will look to continue south with a capture of 1.0525 likely to see further downside with targets at 1.0500, 1.0475 and 1.0450. However, bulls might look to retest recent highs with a capture of 1.0550 exposing 1.0575, 1.0600 and 1.0625.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0488 1.0528 1.0552 1.0592 1.0616 1.0656 1.0680
WEEKLY 1.0348 1.0420 1.0492 1.0564 1.0636 1.0708 1.0780
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.7740 1.0971 1.1112
 

GBPUSD

1.2450 proved too difficult for bulls to hold and after 2 attempts to break the level, bears eventually prevailed to drive price lower. As it stands bulls will look to capture 1.2375 in hopes of regaining some of their recent losses with potential targets at 1.2400, 1.2425 and 1.2450. However, the bias is with the bears and they will look to retake 1.2350 in hopes of testing 1.2325, 1.2300 and 1.2275.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2240 1.2304 1.2342 1.2406 1.2444 1.2508 1.2546
WEEKLY 1.2211 1.2304 1.2386 1.2479 1.2561 1.2654 1.2736
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

The pair bottomed out at the 111.75 level as bulls swept in to drive the pair higher. As it stands, the pair is currently testing the 113.50 resistance level, which if captured, will see the pair rocket higher with potential targets at 113.75, 114.00 and 114.25 while if bears can retake 113.50, we would see a retrace of yesterday’s move with potential targets at 113.25, 113.00 and 112.75.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.75 111.21 111.99 112.45 113.23 113.69 114.47
WEEKLY 109.61 110.76 111.48 112.63 113.35 114.50 115.22
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Gold has dropped over 20 USD from this week’s highs as bulls eventually take some profits on their recent victories. As it stands the precious metal is still in an uptrend with strong support at the 1240 level, which if broken will see the precious metal fall further with potential targets at 1235, 1230 and 1225 while if bulls manage to hold 1240 and capture 1245, we would see the commodity test higher with potential targets at 1250, 1255 and 1260.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1237.34 1242.27 1247.44 1252.37 1257.54 1262.47 1267.64
WEEKLY 1206.36 1217.23 1237.06 1247.93 1267.76 1278.63 1298.46
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04