EUR/USD

The pair found strong support on the 50% fibo and is heading north to test the 1.1250 key resistance area with interim targets at 1.1200 and 1.1225. However, should bears manage to maintain their grip on 1.1200, we would see them target 1.1175, 1.1150 and 1.1125.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1115 1.1134 1.1148 1.1167 1.1181 1.1200 1.1214
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 has found strong support at the 200 SMA and is heading north bound with a strong bullish break of the downtrend line. Upside targets are at 1.3225, 1.3250 and 1.3275. Should bears recapture 1.3200, we would see another test of 1.3175 and 1.3150 as bears look to break below the 200 SMA and head south.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3018 1.3089 1.3134 1.3205 1.3250 1.3321 1.3366
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 broke to test 102.00, where bulls quickly stepped in to drive prices higher and are currently retesting the back of the trend line and the 50% fibo level. Bears will look to hold this level and retest 102.00 with hopes of making a run on 101.50 and 101.00. However, should bulls capture 102.50, we could see some more buying pressure as they head for 102.75, 103.25 and 103.50.


USD/JPY
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 101.30 101.64 102.01 102.35 102.72 103.06 103.43
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

Bulls have managed to capture 1350 and care currently trading at 14355 with an eye on 1360, 1370 and onwards to new highs above 1380 as they look to continue their post Brexit bullish run. Should bears recapture 1350, we would see them look to target 1315 with interim targets at 1340 and 1330.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1338.94 1342.27 1346.84 1350.17 1354.74 1358.07 1362.64
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