EUR/USD

EURUSD has been trading between 1.1350 and 1.1425 for over 5 days and is currently retesting the top of the range. If bulls manage to successfully capture 1.1425 they will look to target 1.1450, making new highs as they drive the pair deeper into 2015 highs, further upside targets are at 1.1500 and 1.1550. However, should bear manage to close below the H1 50 and 100 EMA`s, we could see them give one last push for 1.1250 as they capture 1.1375, 1.1350 and 1.1300 in the process.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1237 1.1282 1.1341 1.1386 1.1445 1.1490 1.1549
WEEKLY 1.0934 1.1044 1.1217 1.1327 1.1500 1.1610 1.1783
MONTHLY 1.0409 1.0616 1.0998 1.1205 1.1587 1.1794 1.2176
 

GBP/USD

The pair has broken the neckline of the bearish head and shoulders and those who sold the top of the right shoulder have locked in over 300 pips, more conservative traders will wait for a retest of 1.4050, selling a break of this level as the pair is expected to slide lower. Resistance is at 1.4150, 1.4200 and 1.4240. Support comes in at 1.4080, 1.4050 and 1.4000.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3871 1.3939 1.4035 1.4103 1.4199 1.4267 1.4363
WEEKLY 1.3738 1.3929 1.4077 1.4268 1.4416 1.4607 1.4755
MONTHLY 1.3399 1.3652 1.4008 1.4261 1.4617 1.4870 1.5226
 

USD/JPY

USDJPY continues to make new lows, finding all our targets to the downside after the significant break of the 111.00 support zone. One would expect that the 111.00 is up for a retest in the next few sessions but for now the pair is pointing firmly south with support at 108.50, 108.00 and 107.50.

USD/JPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 107.86 108.60 109.16 109.90 110.46 111.20 111.76
WEEKLY 108.71 110.15 110.93 112.37 113.15 114.59 115.37
MONTHLY 106.71 108.69 110.60 112.58 114.49 116.47 118.3
 

GOLD

Gold bulls managed to break above the inner trend line but their joy was short lived as they contend with the likes of a more refined trend line and the 1230 round number acting as resistance. Upside targets, should they manage a break above 1230, is at 1240, 1245 and 1250. Should 1230 hold for the bears, we would see them try for 1209, with interim targets at 1224, 1220 and 1215.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1203.74 1211.17 1218.94 1226.37 1234.14 1241.57 1249.34
WEEKLY 1170.14 1189.67 1205.94 1225.47 1241.74 1261.27 1277.54
MONTHLY 1131.86 1170.93 1202.56 1241.63 1273.26 1312.33 1343.96