EUR/USD

The pair finished the week at around 1.1175 as bulls took control from the outset and lifted the pair off its 109.50 lows. Currently the pair is retesting the 50% fibo of the post Brexit move, where the battle will rage for this week’s direction. A close above 1.1175 will see bulls look to add to last week’s tally with targets at 1.1200, 1.1225 and 1.1250. However, should bears manage to capture 1.1150, we would see them try regain some of last week losses with targets at 1.1125, 1.1100 and 1.1075.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.1142 1.1154 1.1160 1.1172 1.1178 1.1190 1.1196
Weekly 1.0766 1.0858 1.1016 1.1108 1.1266 1.1358 1.1516
Monthly 1.0771 1.0862 1.1015 1.1106 1.1259 1.1350 1.1503
 

GBPUSD

The pair had a bullish week as it closed above the 1.3225 mark, around 200 pips higher than the weeks open. The pair is currently retesting the 1.3250 zone, where we expect the bulls and bears to have a show down as they look for direction. Should bulls recapture 1.3275, we would see them push for 1.3300, 1.3325 and 1.3350. However, should bears manage to recapture 1.3225, we would see them target 1.3200, 1.3175 and 1.3150.


GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.3159 1.3180 1.3198 1.3219 1.3237 1.3258 1.3276
Weekly 1.2839 1.2947 1.3089 1.3197 1.3339 1.3447 1.3589
Monthly 1.2165 1.2481 1.2849 1.3165 1.3533 1.3849 1.4217
 

USDJPY

The pair saw strong bearish pressure enter the market as it was driven 400 pips lower last week. With the current equilibrium being at around 105.00, we expect bulls to dominate in early trade with a capture 102.50, likely to result in a move to 103.00, 103.25 and 103.50. Support is at 102.25, 102.00 and 107.75.


USDJPY
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 101.52 101.77 102.06 102.31 102.60 102.85 103.14
Weekly 95.64 98.79 100.42 103.57 105.20 108.35 109.98
Monthly 91.60 95.81 99.07 103.28 106.54 110.75 114.01
 

GOLD

Gold was swept off of its 1315 open to settle the week just below 1350 as bulls peaked above the key resistance area. Should bulls capture 1350, we would see 1360, 1370 and 1380 targeted as bulls look oust last month’s highs. However, should bears capture 1345, we would see them try recapture some of last week’s losses with targets at 1340, 1335 and 1330.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1352.06 1353.68 1354.91 1356.53 1357.76 1359.38 1360.61
Weekly 1284.60 1299.20 1324.10 1338.70 1363.60 1378.20 1403.10
Monthly 1251.66 1281.08 1318.61 1348.03 1385.56 1414.98 1452.51