EURUSD

The consolidation of 1.11930 level is still robust and intraday bias for the pair remains neutral. With a support level of 1.11230 still intact, there is no indication of reversal yet. A break of 1.12300 resistance level will see the bears target the next resistance level of 1.16200 resistance. On the downside, a break of 1.11230 support will indicate short term topping and rejection from 1.12300. The weekly MACD indicate a bullish convergence condition and the concentration will now be on 1.12300 key resistance.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1116 1.1144 1.1164 1.1192 1.1212 1.1240 1.1260
WEEKLY 1.1037 1.1077 1.1135 1.1175 1.1233 1.1273 1.1331
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GOLD

Gold prices fell significantly yesterday and over the past three sessions, surrendering major gains as the dollar firmed ahead of remarks by Federal Reserve Chair Janet Yellen today. Currently the bulls are billed to push to 1250.30 area to test the 1255.00 zone. A break at 1250.30 would see a run to touch the 1260.50 resistance level but if the bears gain momentum we would see Gold falling to the 1245.10 support level and a break at this level could send the prices back to previous support levels of 1225.50

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1214.66 1226.24 1235.14 1246.72 1255.62 1267.20 1276.10
WEEKLY 1227.1 1234.4 1245.4 1252.7 1263.7 1271 1282
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54
 

GBPUSD

The RSI indicates a steady rise over the past week to climb close to the 50-neutral level but remains below it, showing a neutral to bearish bias in the near term. If the upside momentum from the past week persist, resistance will likely come at around the 1.2780 level. If the pair makes further gains, it would see it eyeing the 50-day moving average, currently sitting at 1.2856. On the flipside, should the cable tumble we see an immediate support level of 1.2700 and a break at this level would see support consolidate at the previous resistance and support area of 1.2632, which is also a convergence area supported by the 100-day moving average.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2646 1.2676 1.2699 1.2729 1.2752 1.2782 1.2805
WEEKLY 1.2371 1.2479 1.2599 1.2707 1.2827 1.2935 1.3055
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

USDJPY

The pair rallied from 108.80 level by taking 111.70 level after a temporary top and high of 112.10 so far. The bias is an upside for channel resistance (currently at 112.90) with a sustained break indicating a pullback from 118.60 level. In such an event, we see the bulls retaking to a new resistance level of 114.32. On the flipside, the bears will see to break the 110.98 support before the pair surge and seek consolidation at 112.10 level.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.67 110.94 111.40 111.67 112.13 112.40 112.86
WEEKLY 109.67 110.2 110.75 111.28 111.83 112.36 112.91
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55