EURUSD

The pair managed to put in a higher high as bulls capture the 1.0600 resistance level before falling back to support, putting in place a double bottom, which they will now look to confirm with a break north of 1.0600. This will expose 1.0625, 1.0650 and 1.0675. Bears on the other hand will look to capture 1.0575 in hopes of foiling the bull`s plans and reigniting a run south with targets at 1.0550, 1.0525 and 1.0500.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0532 1.0550 1.0573 1.0591 1.0614 1.0632 1.0655
WEEKLY 1.0436 1.0507 1.0549 1.0620 1.0662 1.0733 1.0775
MONTHLY 1.0046 1.0269 1.0461 1.0684 1.0876 1.1099 1.1291
 

GBPUSD

Cable managed to find support at 1.2350 before bulls drove the pair higher to test the 1.2425 level. As it stands the pair is in overbought territories and we are seeing bears pressure the 1.2400 support level, which if captured will result in a move south to 1.2375, 1.2350 and 1.2325. However, if bulls manage to capture 1.2425 we could see further upside with targets at 1.2450, 1.2475 and 1.2500.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2304 1.2333 1.2374 1.2403 1.2444 1.2473 1.2514
WEEKLY 1.2109 1.2235 1.2304 1.2430 1.2499 1.2625 1.2694
MONTHLY 1.1716 1.1911 1.2230 1.2425 1.2744 1.2939 1.3258
 

USDJPY

The pair peeked at 111.50 before bears retook control to drive the price over 100 pips lower where we are now seeing the 110.50 support level being pressured. If bears capture the 110.50 support level, we are likely to see the 110.25, 110.00 and 109.25 support levels being tested. However, if bulls can hold 110.50, we will see a run on 110.75, 111.00 and 111.25.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.82 110.32 110.62 111.10 111.42 111.90 112.22
WEEKLY 108.77 109.44 110.26 110.93 111.75 112.42 113.24
MONTHLY 103.71 106.90 109.14 112.33 114.57 117.76 120.00
 

GOLD

Bears managed to peek below 1250 but could not make it all the way to 1245 before bulls resurfaced to retake 1255. As it stands bulls will look to keep control of 1255 with an eye on 1260, 1265 an d1270 while bears will look to capture 1255 as a stepping stone to retesting 1250, 1245 and 1240.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1237.74 1242.97 1248.44 1253.67 1259.14 1264.37 1269.84
WEEKLY 1216.14 1230.77 1244.04 1258.67 1271.94 1286.57 1299.84
MONTHLY 1148.28 1172.23 1209.76 1233.73 1271.26 1295.23 1332.76