EURUSD

The pair found some respite at 1.0500 as bulls took some profits and bears scaled in at the round number. As it stands the trend is still bearish with the pair currently testing the 61.8% fibo retracement. Bulls will need to capture 1.0550 if they want to attract more buyers with potential targets at 1.0575, 1.0600 and 1.0625 while bears will look to capture 1.0525 as confirmation of them regain control which would expose 1.0500, 1.0475 and 1.0450.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0381 1.0462 1.0510 1.0542 1.0590 1.0622 1.0703
WEEKLY 1.0289 1.0447 1.0532 1.0606 1.0690 1.0764 1.0922
MONTHLY 0.9703 1.0175 1.0483 1.0648 1.0955 1.1120 1.1593
 

GBPUSD

The pair continues to range in an ever tightening wedge which will likely result in an aggressive move either way depending on which way the pair breaks. Bulls will look to capture 1.2450 in hopes of testing higher with potential targets at 1.2475, 1.2500 and 1.2525 while bears will look to capture 1.2425 in hopes of testing 1.2400, 1.2375 and 1.2350.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2283 1.2370 1.2410 1.2458 1.2498 1.2546 1.2634
WEEKLY 1.2116 1.2282 1.2346 1.2448 1.2512 1.2613 1.2779
MONTHLY 1.1029 1.1719 1.2146 1.2410 1.2837 1.3101 1.3791
 

USDJPY

The pair topped out at 113.75 before breaking south of the upward sloping trend line, where bears have managed to keep the pair ever since. Currently the pair has formed a wedge with a break south of 113.00 likely to see a continuation south with targets at 112.75, 112.50 and 112.25 while a break north of 113.25 will likely see bulls look to test recent highs with potential targets at 113.75, 114.00 and 114.25.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.80 112.54 112.93 113.29 113.68 114.04 114.79
WEEKLY 108.79 111.13 111.99 113.48 114.33 115.82 118.16
MONTHLY 101.57 108.11 110.66 114.64 117.19 121.17 127.70
 

GOLD

Gold has turned bearish on the M15 chart after bears managed to take price from 1240 to 1230, making a lower low. As it stands bears will look to keep price below 1240 and capture 1235 as a trigger point for further downside with potential targets at 1230, 1225 and 1220. However, if bulls manage to capture 1240, making a higher high, we would see the pair push north as bulls look to test 1245, 1250 and 1255.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1222.86 1227.33 1229.66 1234.13 1236.46 1240.93 1243.26/td>
WEEKLY 1198.96 1208.13 1222.86 1232.03 1246.76 1255.93 1270.66
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74