EURUSD

The pair is correcting at the 1.1200 resistance level as we see the 23.6 fibo level hold up. Should bears close below 1.1188 we are likely to see a continuation south. However, if bulls capture 1.1205, it is likely that bulls will look to test 1.1250 and beyond.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1127 1.1167 1.1188 1.1206 1.1227 1.1246 1.1286
WEEKLY 1.0954 1.1042 1.1120 1.1208 1.1286 1.1374 1.1452
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GBPUSD

Cable has been ranging for the last 3 trading sessions as direction is sought. The up side is capped by 1.2800, which if captured will likely expose 1.2850 and beyond. However, if 1.2750 is taken by bears, we could see a run on 1.2500 and below.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2486 1.2601 1.2675 1.2716 1.2790 1.2831 1.2947
WEEKLY 1.2486 1.2560 1.2669 1.2744 1.2852 1.2927 1.3035
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

USDJPY

Bulls managed to withstand Fridays selling pressure as they formed a base at 110.50. Currently the pair is holding above 111.00 and bulls will look to capture 111.25 as a stepping stone to 112.00 and beyond. However, if 111.00 is retaken, bears will look to retest 110.50 and beyond.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.37 109.73 109.90 110.09 110.26 110.44 110.80
WEEKLY 106.67 107.74 109.30 110.37 111.93 113.00 114.56
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55
 

GOLD

Gold has been under pressure and is currently testing the all-important 1250 support level, which if bears can capture, will expose 1245 and beyond. However, if bulls can fend off the current attack and capture 1255, we might be instore for more upside.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1252.88 1253.92 1255.09 1256.13 1257.30 1258.34 1259.51
WEEKLY 1213.24 1232.97 1244.74 1264.47 1276.24 1295.97 1307.74
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54