EUR/USD

The pair fell back to trend line support before bulls resurfaced to hold the 1.0575 level in an attempt to drive higher. As it stands the pair is bullish and bulls will look to capture 1.0600 as a stepping stone to 1.0625, 1.0650 and 1.0675 while bears will look to capture 1.0575, breaking the trend line and triggering a potential reversal with targets at 1.0550, 1.0525 and 1.0500.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0463 1.0506 1.0547 1.0590 1.0631 1.0674 1.0715
WEEKLY 1.0348 1.0420 1.0492 1.0564 1.0636 1.0708 1.0780
MONTHLY 1.0011 1.0175 1.0486 1.0650 1.0961 1.1125 1.1436
 

GBPUSD

Bulls tried an early break in yesterday’s trade but could only get as far as the H1 200 MA before bears resurfaced to drive the price lower. As it stands the pair is testing key support at 1.2425, which if taken will expose 1.2400, 1.2375 and 1.2350. On the other hand, bulls will look to take control of 1.2450 in hopes of reigniting yesterday bullish run with targets at 1.2475, 1.2500 and 1.2525.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2284 1.2333 1.2388 1.2437 1.2492 1.2541 1.2596
WEEKLY 1.2175 1.2277 1.2346 1.2448 1.2517 1.2619 1.2688
MONTHLY 1.1451 1.1715 1.2147 1.2411 1.2843 1.3107 1.3539
 

USDJPY

Bulls managed to start the week on the front foot as we saw price rise aggressively but only to the 112.75 level where we saw bears step in to defend the bearish trend line. As its stands the trend is bearish and bears will look to capture 112.25 in hopes of attracting more sellers and testing lower with targets at 112.00, 111.75 and 111.50. However, bulls will be on the look out to reverse the trend by capturing 112.75, placing a higher high and exposing 113.00, 113.25 and 113.50.

wti
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.13 111.51 112.10 112.48 113.07 113.45 114.04
WEEKLY 109.61 110.76 111.48 112.63 113.35 114.50 115.22
MONTHLY 103.78 107.91 110.35 114.48 116.92 121.05 123.49

GOLD

Gold soared in early trade as bulls made sure to test the 1265 resistance level before relinquishing the reigns to the desperate bears who have since managed to reverse their fate, for a short distance, as we now test the 1250 support level. Bulls will look to capture 1255 in hopes of a move higher with targets at 1260, 1265 and 1270. While bears will look to cap the bullish advantage at 1255 and capture 1250 in hopes of regaining more of their recent losses.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1238.14 1244.27 1250.84 1256.97 1263.54 1269.67 1276.24
WEEKLY 1206.36 1217.23 1237.06 1247.93 1267.76 1278.63 1298.46
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74