EUR/USD

Bears defended the 38.2 % fibo well and the pair has since sold off to around the 1.1125 support zone as bears look to reignite the medium and long term bearish trend. Support is at 1.1125, 1.1100 and 1.1075 while resistance is at 1.1150, 1.1175 and 1.1200.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1017 1.1077 1.1113 1.1173 1.1209 1.1269 1.1305
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

Bears defended the 23.6 % fibo well and the pair has since sold off to around the 1.3300 support zone as bears look to reignite the medium and long term bearish trend. Support is at 1.3250, 1.3200 and 1.3150 while resistance is at 1.3350, 1.3400 and 1.3450.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3184 1.3231 1.3279 1.3326 1.3374 1.3421 1.3469
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 has retraced to the 101.50 resistance level as bears took some profits around the 101.00 handle. Should bears maintain a grip on 101.50, we will likely see further weakness as the pair test 101.25, 101.00 and 100.75. However, should bulls capture 101.50, we would see them test 101.75, 102.00 and 102.25 as the reclaim some of their recent losses.


USD/JPY
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 99.92 100.32 100.78 101.18 101.64 102.04 102.50
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

Gold is back at the 1350 support zone as further direction is sought, this will likely be he pivot point for a swing in one direction or the other. If bulls manage to capture 1355, we would see them continue north with targets at 1365, 1375 and 1385. However, should bears capture 1345, we would see them drive prices lower as they target 1335, 1325 and 1315.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1339.969 1346.63 1351.36 1358.03 1362.76 1369.43 1374.16
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