EURUSD

The pair is still under pressure and bulls could only manage a bump up just shy of the 1.0575 resistance level before relinquishing ground to the dominant bears who have taken the pair back towards the 1.0525 support level. As it stands bears will look to capture 1.0525 In hopes of further downside with 1.0500, 1.0475 and 1.0450 on their radars, while bulls will look to capture 1.0550 in hopes of retracing further with potential targets at 1.0575, 1.0600 and 1.0625.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0433 1.0473 1.0510 1.0550 1.0587 1.0627 1.0664
WEEKLY 1.0348 1.0420 1.0492 1.0564 1.0636 1.0708 1.0780
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.7740 1.0971 1.1112
 

GBPUSD

The pair was sold off aggressively yesterday as bears were relentless in hammering the GBP lower. As it stands, the momentum to the downside has stalled and bulls will be looking to recoup some of their losses. To do this bull swill have to keep the pair bid, closing above 1.2300 in hopes of targeting 1.2325, 1.2350 and 1.2375. However, should bears capture 1.2275, we might see further weakness with targets at 1.2250, 1.2225 and 1.2200.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2117 1.2197 1.2246 1.2326 1.2375 1.2455 1.2504
WEEKLY 1.2211 1.2304 1.2386 1.2479 1.2561 1.2654 1.2736
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

The pair has stalled between the 114.00 support level and the 114.25 resistance level as the next direction is sought. With oscillators in over bought territories, if bears can manage a close below 114.00 we will likely see some downside with potential targets at 113.75, 113.50 and 113.25. However, if bulls manage to capture 114.25, we could see more upside with targets at 114.50, 114.75 and 115.00.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.59 112.15 112.94 113.50 114.29 114.85 115.64
WEEKLY 109.61 110.76 111.48 112.63 113.35 114.50 115.22
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Gold found support at 1235 as bulls managed to leverage the 100 EMA and trend line support to keep the precious metal bid. As it stands bulls will look to close above 1250 in hopes of attracting more buyer for a potential move to 1255, 1260 and 1265 while bears will look to close below 1240 in hopes of taking back even more ground with potential targets at 1235, 1230 and 1225.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1229.70 1233.30 1241.10 1244.70 1252.50 1256.10 1263.90
WEEKLY 1206.36 1217.23 1237.06 1247.93 1267.76 1278.63 1298.46
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04