EUR/USD

After holding 1.1200, bears took full advantage of thin markets to squeeze the pair lower with barely a breather. Currently the pair is testing the 1.1125 support zone which is the gate way to 1.1100, 1.1075 and 1.1050. Bulls will need to hold 1.1125 and capture 1.1138 if they wish to convince other players to enter the game long with resistance at 1.1150, 1.1175 and 1.1200.


EUR/USD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1035 1.1081 1.1110 1.1156 1.1185 1.1231 1.1260
WEEKLY 1.0975 1.1038 1.1119 1.1182 1.1263 1.1326 1.1407
MONTHLY 1.0921 1.1020 1.1131 1.1230 1.1341 1.1440 1.1551
 

USDJPY

Bulls took full control yesterday as they rallied over 100 pips from the day's lows to peek above 104.00. Currently the pair is between the 103.75 support zone and 104.00 resistance zone with a break of either likely to dictate the short term trend. Should bulls capture 104.00, we will expect 104.25, 104.50 and 104.75 to be on their hit list while if bears break 103.75, we would expect them to try recapture as much of yesterday's losses with targets at 103.50, 103.25 and potentially 103.00.


GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 101.96 102.37 102.99 103.40 104.02 104.43 105.05
WEEKLY 98.37 99.78 101.35 102.76 104.33 105.74 107.31
MONTHLY 95.23 97.65 99.49 101.91 103.75 106.17 108.01
 

AUDUSD

Yesterday saw bulls take control as they smashed through 0.7600 and peeking above 0.7625 before bears re-entered. This morning saw bears smash below 0.7600 and head lower without so much as looking back as the pair made lows of 0.7540. Currently the pair is set up to retrace some of the mornings losses as bears take profit and bulls try enter on the cheap. Resistance is at 0.7550, 0.7575 and 0.7600 while downside targets are at 0.7525, 0.7500 and 0.7475.


AUDUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7528 0.7552 0.7580 0.7604 0.7632 0.7656 0.7684
WEEKLY 0.7378 0.7464 0.7521 0.7607 0.7664 0.7750 0.7807
MONTHLY 0.7185 0.7312 0.7488 0.7615 0.7791 0.7918 0.8094
 

GOLD

Gold bulls held their own at the 61.8% fibo and are looking set to test higher with 1265, 1270 and 1275 on their hit list. However, should bears recapture 1255, we could see further downside with targets at 1250, 1245 and 1240.


GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1252.64 1254.77 1256.14 1258.27 1259.64 1261.77 1263.14
WEEKLY 1159.36 1204.43 1226.66 1271.73 1293.96 1339.03 1361.26
MONTHLY 1244.04 1272.77 1293.04 1321.77 1342.04 1370.77 1391.04