EUR/USD

Bulls managed to hold 1.0675 before making a late move to capture the 1.0725 resistance level. The weekend’s events proved them right and we saw a gap higher by 200 pips. As it stands the pair has pulled back and we are seeing consolidation between the 1.0850 and 1.0875 levels. Bears will look to close below 1.0850 in hopes of attracting more sellers while bulls will look to capture 1.0875 in hopes of testing this morning highs.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0797 1.0831 1.0852 1.0886 1.0907 1.0941 1.0962
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

The pair continues to consolidate without any clear direction being signaled. Currently we are seeing 1.2850 cap the upside while the downside is capped by the 1.2775 support level. As it stands, bulls will look to capture 1.2850 in hopes of continuing last week’s gains while bears will look to capture 1.2775 to deepen the retracement from last week’s highs.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2763 1.2785 1.2804 1.2826 1.2845 1.2867 1.2886
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 managed to hold the pair at 1.0900 on Friday before starting the week off with a bang, making 150 pips before taking profit. Currently the pair is trading between the 110.00 support level and the 110.25 resistance level. Bulls will look to capture 110.25 in hopes of moving higher while bears will look to capture 110.00 in hopes of retracing more of this morning’s losses.

wti
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.18 109.56 109.79 110.17 110.40 110.78 111.01
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 opened the week significantly lower and bears continued to hammer lower prices until bulls resurfaced at 1265. As it stands, bulls will look to maintain their grip on 1270, capturing 1275 in hopes of targeting 1280, 1285 and 1290. On the other hand, if bears capture 1270, we are in for a potential slide lower to 1265, 1260 and 1255.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1268.64 1271.07 1273.80 1276.23 1278.96 1281.39 1284.12
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