EURUSD

The pair dipped to 1.1200 but bears could not hold their position as bull reentered to retake 1.1250 where the pair has been trading since. Currently, the lower bound of the consolidation zone is 1.1250, which if bears capture could expose further downside, while the upper band is at 1.1275, which bulls will look to capture for a move higher.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1131 1.1167 1.1212 1.1248 1.1293 1.1329 1.1374
WEEKLY 1.0986 1.1047 1.1165 1.1226 1.1344 1.1405 1.1523
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GBPUSD

Bulls took control at 1.2900 and drove the pair higher. Currently the 1.2975 resistance level is being tested and if bulls can overcome the bearish defense here, we are likely to see 1.3000 and beyond on the cards. However, if bears control 1.2975 and capture 1.2950, we could see further downside as bears resurface.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2823 1.2854 1.2907 1.2938 1.2991 1.3022 1.3075
WEEKLY 1.2637 1.2702 1.2794 1.2859 1.2951 1.3016 1.3108
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

USDJPY

The pair bottomed out at 109.10 before bulls resurfaced to make a higher high before retesting the 110.00 resistance level. The pair has since retraced to below 109.75 and bears will look to keep the price below this level as a stepping stone to further downside. However, if bulls retake 109.75, we could see a further retrace of the recent losses as bulls’ hunt for higher prices.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.47 108.78 109.29 109.60 110.11 110.42 110.93
WEEKLY 108.48 109.39 109.90 110.81 111.32 112.23 112.74
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55
 

GOLD

Bears managed to retake 1290 and we are seeing the precious metal consolidate between 1285 and 1290. Should bears manage to retake 1285, we could see further downside as bears hunt for the 1250 mark, while if bulls manage to retake 1290, we could see a run on 1300 and beyond.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1273.66 1279.33 1286.26 1291.93 1298.86 1304.53 1311.46
WEEKLY 1246.04 1253.67 1266.94 1274.57 1287.84 1295.47 1308.74
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54