EUR/USD

The pair continues to climb throughout yesterday as we saw the 1.0950 resistance level being tested. Currently the pair has pulled back and bears have tested the 1.0925 support level. Should bears manage to close below the 1.0925 support level, we will see further downside as 1.0900, 1.0875 and 1.0850 is exposed. However, if bulls can retake 1.0950, we will likely see further upside with 1.1000 on the horizon.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0766 1.0808 1.0867 1.0909 1.0968 1.1010 1.1069
WEEKLY 1.0446 1.0523 1.0625 1.0702 1.0804 1.0881 1.0983
MONTHLY 1.0046 1.0269 1.0461 1.0684 1.0876 1.1099 1.1291
 

GBPUSD

Bulls managed to break to the upside of the wedge, making highs of 1.2850 before pulling back to retest the top of the wedge. As it stands, bulls must hold the 1.2800 level if they are to continue to push higher, potentially exposing 1.2900 and beyond. However, if bears manage to capture 1.2800, placing the pair back in the range, we could see further weakness to the 1.2700 support level.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2717 1.2744 1.2792 1.2819 1.2867 1.2894 1.2942
WEEKLY 1.2191 1.2352 1.2583 1.2744 1.2975 1.3136 1.3367
MONTHLY 1.1716 1.1911 1.2230 1.2425 1.2744 1.2939 1.3258
 

USDJPY

Bulls continue to dominate as we see resistance after resistance being demolished. Currently the pair is testing the 111.50 resistance level, which, if captured, will expose 111.75, 112.00 and 112.25. However, if bears manage to capture 111.25, we could see a softening as we enter consolidation with bears eyeing 111.00, 110.75 and 110.50.

wti
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.43 109.00 110.05 110.62 111.67 112.24 113.29
WEEKLY 106.91 107.51 108.30 108.90 109.69 110.29 111.08
MONTHLY 103.71 106.90 109.14 112.33 114.57 117.76 120.00
 

GOLD

Gold slid further yesterday as bears seem determined to test the 1250 support level. Currently the precious metal is ranging between the 1260 and 1265 support and resistance levels. Bears will look to capture 1260 if they want to test lower while bulls must capture 1265 if they are to begin the long road to recovery and make a move on the 1300 resistance level.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1242.94 1252.87 1260.04 1269.97 1277.14 1287.07 1294.24
WEEKLY 1255.20 1265.30 1277.20 1287.30 1299.20 1309.30 1321.20
MONTHLY 1148.28 1172.23 1209.76 1233.73 1271.26 1295.23 1332.76