EUR/USD

The pair has stalled in the 1.0800 resistance zone as several bullish attempts to break above have been halted by determined bears. As it stands, bears will look to turn 1.0800 into a spring board for a move lower, more aggressive traders would sell the 1.0800 but conservative traders would wait for a break of 1.0775. However, if bulls recapture 1.0800 and close above 1.0815, the trend will continue north with targets at 1.0825, 1.0850 and 1.0875.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0720 1.0748 1.0769 1.0797 1.0818 1.0846 1.0867
WEEKLY 1.0341 1.0524 1.0631 1.0707 1.0814 1.0890 1.1073
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.7740 1.0971 1.1112
 

GBPUSD

Bulls continue to dominate as they look to capture the 1.2500 resistance level to continue the trend higher, however bears have repeatedly stepped in at the 1.2500 level and only a close above 1.2525 would encourage more buying. Bears will be hard-pressed to give back the 1.2500 level and will look to capture 1.2475 as a gateway to more lows.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2346 1.2385 1.2428 1.2467 1.2510 1.2549 1.2592
WEEKLY 1.1711 1.2007 1.2201 1.2303 1.2497 1.2599 1.2896
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

The pair continues to get pushed lower as bears managed a new yearly low. Bulls did, however, manage a slight reprieve as they held the 110.75 support level before testing higher. Bears resurfaced at 111.50 and are attempting a push lower. As it stands bears must capture 111.00 as a stepping stone to more bearishness while bulls will need to capture 111.25 if they wish to extend the correction higher.

wti
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.77 110.25 110.81 111.29 111.85 112.33 112.89
WEEKLY 108.21 110.84 111.76 113.48 114.40 116.12 118.75
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Gold has been ranging between 1245 and 1250 and bears have managed to sneak in a lower low after defending 1250, setting up the neckline for potential bearish head and shoulder lower. More aggressive sellers will surface in the range while more conservative sellers will appear on the break of 1245. However, if bulls manage to close above 1250, the bearish head and shoulder would be negated as bulls look to test higher.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1234.60 1239.05 1242.55 1247.00 1250.50 1254.95 1258.45
WEEKLY 1172.66 1184.73 1207.26 1219.33 1241.86 1253.93 1276.46
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04