EUR/USD

The EURUSD have broken above the H4 50 EMA and is currently testing resistance at 1.1200 as bulls look to continue the medium term trend up. A capture of 1.1200, will open the way for 1.1250, 1.1300 and 1.1350 as bulls flex their muscle. However, should bears manage to hold 1.1200 and close below the 1.1168 support zone, we would see them push for the 100 EMA, as they look to attract more sellers and scare some buyers off with targets at 1.1100, 1.1050 and 1.1000.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1140 1.1148 1.1152 1.1160 1.1164 1.1172 1.1176
WEEKLY 1.0964 1.1053 1.1109 1.1198 1.1254 1.1343 1.1399
MONTHLY 1.0100 1.0456 1.0665 1.1021 1.1230 1.1586 1.1795
 

GBP/USD

GBPUSD bulls have shown some strength, breaking through 1.4150 and 1.4200 with conviction as the try to reignite fresh buying. Bears are holding 1.4240, which if bulls manage to overcome, will see the pair target 1.4300, 1.4350 and 1.4400. Support is at 1.4200, 1.4150 and 1.4100.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.4103 1.4113 1.4121 1.4131 1.4139 1.4149 1.4157
WEEKLY 1.3547 1.3801 1.3972 1.4226 1.4397 1.4651 1.4822
MONTHLY 1.2773 1.3303 1.3609 1.4139 1.4445 1.4975 1.5281
 

USD/JPY

USDJPY remains in its sideways channel, as bulls look to test the upside at 114.00. The pair is trading above its H4 50 and 100 EMA as bulls remain in control for now. A break above 114 will see them attempt an extension to 114.50 and big push to try capture the range breaking 115.00 resistance level. However, should bears manage to capture 113.00, they will look to drive for the lower bound with 112.50, 112.00 and 111.00 on their radar.

USD/JPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.89 113.01 113.24 113.36 113.59 113.71 113.94
WEEKLY 109.60 110.40 111.73 112.53 113.86 114.66 115.99
MONTHLY 98.10 104.54 108.62 115.06 119.14 125.58 129.66
 

GOLD

GOLD has entered a brief consolidation range after heavy losses which saw the metal drop over $60 from its recent highs. Currently it is trading between 1210 and 1224 with a break above 1224 likely to attract more buyers as we see 1230, 1235 and 1240 being retested. However, should bears manage to take 1215, we would see them push for 1210, 1205 and 1200 as they try to re-establish the longer term downtrend.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1119.86 1204.93 1214.66 1219.73 1229.46 1234.53 1244.26
WEEKLY 1163.00 1188.60 1205.00 1230.60 1247.00 1272.60 1289.00
MONTHLY 1000.36 1057.83 1145.86 1203.33 1291.36 1348.83 1436.86