EUR/USD

The pair continues to consolidate between its post Brexit high and low as the battle for control rages on. The 61.8% fibo has turned into support as bulls defended the 1.1100 zone, driving price back above 1.1125, their short term target is likely at 1.1175 with an interim target at 1.1150. However, should bears manage to recapture 1.1100, we will see them target 1.1075, 1.1050 and 1.1025.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0997 1.1040 1.1080 1.1123 1.1163 1.1206 1.1246
WEEKLY 1.0789 1.0897 1.0975 1.1080 1.1161 1.1266 1.1347
MONTHLY 1.0339 1.0624 1.0864 1.1149 1.1389 1.1674 1.1914
 

GBPUSD

The pair continues to be driven higher with bulls firmly in control of the short term momentum. Currently the pair is just shy of the 1.3500 handle which is where bears are likely to draw the line and bulls likely to relinquish some ground as they take profits after a very bullish week in which they managed to regain over 600 pips from the recent lows. Upside targets are at 1.3500, 1.3550 and 1.3600. Downside targets are at 1.3350, 1.3300 and 1.3250.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2763 1.2932 1.3137 1.3306 1.3511 1.3680 1.3885
WEEKLY 1.2176 1.2486 1.2721 1.3031 1.3266 1.3576 1.3811
MONTHLY 1.0706 1.1912 1.2611 1.3817 1.4516 1.5722 1.6421
 

AUDUSD

Bulls have managed to drive prices higher and have hit their second target at 0.7675 before being battered back down to 0.7625 by ever growing desperate bears. The short term trend is firmly up with a break above 0.7650 a sign that bulls are yet again on the march for targets at 0.7675, 0.7700 and 0.7725. However, should bears capture 0.7625, we would see the pair drop to 0.7600, 0.7575 and 0.7550.


AUDUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7528 0.7558 0.7595 0.7625 0.7662 0.7692 0.7729
WEEKLY 0.7288 0.7346 0.7457 0.7515 0.7626 0.7684 0.7795
MONTHLY 0.6767 0.6983 0.7217 0.7433 0.7667 0.7883 0.8117
 

GOLD

Bears managed to put in a new short term low below 1320 and the precious metal is consolidating at the 1330 mark as further direction is sought. A break below 1325 will see bears back in the driving seat as they target the 1300 level with interim targets at 1320 and 1310. However, should bulls manage to breach the 1335 level, we would see some upside come into the market with targets at 1340, 1345 and 1350.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1303.50 1313.10 1322.20 1331.80 1340.90 1350.50 1359.60
WEEKLY 1296.20 1351.60 1336.10 1355.50 1376.00 1395.40 1415.90
MONTHLY 1080.46 1142.93 1230.66 1293.13 1380.86 1443.33 1531.06