EURUSD

Bulls successfully took the 1.0868 level and pushed through their first targets at 1.0900/10 and marched on to 1.0968 where bears stood their ground. The pair has since dropped to 1.0950, the 50% fibo retracement of the recent down move. A break above 1.0968 will see bulls target 1.100, 1.1050 and 1.1100. However, a convincing close below 1.0940 will see bears try for 1.0910, 1.0900 and 1.0868.

EURUSD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0751 1.0801 1.0874 1.0924 1.0997 1.1047 1.1120
WEEKLY 1.0624 1.0767 1.0851 1.0994 1.1078 1.1221 1.1305
MONTHLY 1.0425 1.0567 1.0702 1.0844 1.0979 1.1121 1.1256
 

GBP/USD

Cable managed to close its 4th consecutive day in the green and is currently trading around the H4 100 EMA and 32.8% retracement of the more than 800 pip drop in FEB. 1.4150 is the current level being fought over and should bulls manage to take control, we expect them to target 1.4200, 1.4250 and 1.4300. However, should bears manage a convincing close below 1.4150, we would see them try retake 1.4100, 1.4035 and 1.4000.

GBP/USD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3904 1.3967 1.4070 1.4133 1.4236 1.4299 1.4402
WEEKLY 1.3238 1.3545 1.3707 1.4014 1.1417 1.4483 1.4645
MONTHLY 1.3209 1.3644 1.3945 1.4380 1.4681 1.5116 1.5417
 

USD/JPY

USDJPY is trading between the H4 50 and 100 EMA as it looks for direction, a close above 114, will see bulls push for 114.50, 115.00 and 115.50. However, a close below 113.30, will see bears test 113, 112 and this year’s low of 110.98.

USD/JPY

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.22 112.75 113.22 113.75 114.22 114.75 115.22
WEEKLY 109.06 110.05 112.02 113.01 114.98 115.97 117.94
MONTHLY 111.70 113.83 117.44 119.57 123.18 125.31 128.92
 

GOLD

Gold managed a to peak into prices not seen since FEB 2015 as the precious metal continues to be bid I the face of rising tension around the world. Bulls will be eyeing last year’s highs just north of 1300, with interim targets at 1275 and 1285. However, a bearish divergence has formed on the daily chart as price has made a new high, while the RSI remains subdued. Should bears mange to hold the current levels, they will target 1250, 1230 and 1213 as they try to re-establish dominance.

GOLD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1213.34 1225.67 1243.24 1255.57 1273.14 1285.47 1303.04
WEEKLY 1151.40 1177.20 1198.50 1224.30 1245.60 1271.40 1292.70
MONTHLY 1000.36 1057.83 1145.86 1203.33 1291.36 1348.83 1436.86