EURUSD

The pair popped below 1.0850 before strong support resurfaced at 1.0838 to see the pair retest the 1.0875 resistance level. As it stands the pair is consolidating between 1.0850 and 1.0875 as markets await further clarification. Bulls will look to capture 1.0875 in hopes of spurring a bullish rally to retake some of this week’s loses, with potential targets at 1.0900, 1.0925 and 1.0950. However, if bears manage to capture 1.0850, we may see the 1.0825, 1.0800 and 1.0775 levels being tested.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0778 1.0808 1.0834 1.0864 1.0890 1.0920 1.0946
WEEKLY 1.0785 1.0829 1.0914 1.0958 1.1043 1.1087 1.1172
MONTHLY 1.0276 1.0422 1.0660 1.0806 1.1044 1.1190 1.1428
 

GBPUSD

The cable was hit hard yesterday as we saw the pair fall to the 1.2850 support level before bulls reentered to retake some of the losses. As it stands, the pair is consolidating between 1.2875 and 1.2900 with bulls looking to capture 1.2900 for further upside while bears will look to capture 1.2875 to try shake out more bulls for a deeper drive.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2731 1.2789 1.2837 1.2895 1.2943 1.3001 1.3049
WEEKLY 1.2723 1.2776 1.2879 1.2932 1.3035 1.3088 1.3191
MONTHLY 1.1943 1.2152 1.2552 1.2761 1.3161 1.3370 1.3770
 

USDJPY

The pair managed to put in a lower low as we saw bears make a run for the 113.50 support level, before bulls resurfaced to retest the key 114.00 level which is now acting as resistance. Bears will look to keep the pair below 114.00 with hopes of capturing 113.50 as a stepping stone to lower prices. However, if bulls manage to retake 114.00, we are likely to see a run for the 114.25, 114.50 and 114.75 resistance points as bulls look to close on a high.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.46 112.95 113.41 113.90 114.36 114.85 115.31
WEEKLY 109.70 110.44 111.58 112.32 113.46 114.20 115.34
MONTHLY 105.51 106.81 109.18 110.48 112.85 114.15 116.52
 

GOLD

Bulls managed to hold the precious metal bid and we are seeing them slowly claw back some of this week’s losses. Bulls will look to keep price above 1225 in hopes of attracting more buyer for a move to 1250. However, if 1225 falls, bears will look to retake 1220, shaking out more bulls, for a run lower.

   E​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1207.36 1212.13 1218.16 1222.93 1228.96 1233.73 1239.76
WEEKLY 1164.24 1194.97 1210.94 1241.67 1257.64 1288.37 1304.34
MONTHLY 1191.34 1218.37 1243.34 1270.37 1295.34 1322.37 1347.34