EURUSD

The pair topped out just above 1.1275 before bears resurfaced to drive the pair lower. As it stands bull shave failed to capture 1.1275 and we are seeing the pair fall back towards the 1.1250 support level, which if broken will imply further downside.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1179 1.1206 1.1231 1.1258 1.1283 1.1310 1.1335
WEEKLY 1.0986 1.1047 1.1165 1.1226 1.1344 1.1405 1.1523
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GBPUSD

Cable peeked just shy of the 1.2950 resistant level before bears reentered to drive the pair lower, we are currently testing the 1.2900 support level, which if broken will imply further downside. However, if bulls can hold the pair here, we could see one last ditch attempt at breaking 1.2950, exposing 1.3000.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2755 1.2800 1.2852 1.2897 1.2949 1.2994 1.3046
WEEKLY 1.2646 1.2702 1.2794 1.2859 1.2951 1.3016 1.3108
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

USDJPY

Bears continue to dominate despite some bullish pressure yesterday. Currently the pair is looking to push below 109.50, which if captured, will expose 109.25, 109.00 and 108.75. However, if bulls can retake the 109.75 level, we could see some respite for weary bulls as 110.00, 110.25 and 110.50 is back in play.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.73 109.98 110.23 110.48 110.73 110.98 111.23
WEEKLY 108.48 109.39 109.90 110.81 111.32 112.23 112.74
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55
 

GOLD

Bulls continue to dominate as the precious metal is pushed higher with 1290 the next target for bulls. Should they capture 1290, we will see 1300 on the cards as the round number is hunted aggressively. However, if bears retake 1285, we are likely to see a deeper consolidation as 1280, 1275 and 1270 come back in play.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1274.14 1277.17 1279.94 1274.57 1285.74 1288.77 1291.54
WEEKLY 1246.04 1253.67 1266.94 1274.57 1287.84 1295.47 1308.74
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54