EURUSD

The pair continues to squeeze lower as bears continue their non-nonsense ways. As it stands bears will look to close below 1.0525 in hopes of further downside with potential targets at 1.0500, 1.0475 and 1.0450 while bulls will look to capture 1.0550 in hope of starting off a correction with targets at 1.0575, 1.0600 and 1.0625.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0492 1.0562 1.0589 1.0632 1.0659 1.0703 1.0773
WEEKLY 1.0289 1.0447 1.0532 1.0606 1.0690 1.0764 1.0922
MONTHLY 0.9703 1.0175 1.0483 1.0648 1.0955 1.1120 1.1593
 

GBPUSD

The pair found strong support at 1.2400 after bulls finally overcame bears to drive price back above the 1.2500 resistance level. As it stands the pair is range bound between 1.2475 and 1.2500 with bears hoping to close below 1.2475 as a stepping stone to testing lower with potential targets at 1.2450, 1.2425 and 1.2400 while bulls will look to capture 1.2500 in hopes of continuing on yesterday’s momentum with targets at 1.2525, 1.2550 and 1.2575.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2198 1.2317 1.2364 1.2435 1.2482 1.2554 1.2672
WEEKLY 1.2116 1.2282 1.2346 1.2448 1.2512 1.2613 1.2779
MONTHLY 1.1029 1.1719 1.2146 1.2410 1.2837 1.3101 1.3791
 

USDJPY

The pair is consolidating between 113.25 and 113.75 as market forces look for equilibrium. As it stands bulls will look to capture 113.75 in hopes of testing higher with potential targets at 114.00, 114.25 and 114.50 while bears will look to capture 113.25 in hopes of continuing south with potential targets at 113.00, 112.75 and 112.50.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.27 112.13 112.49 112.98 113.34 113.83 114.69
WEEKLY 108.79 111.13 111.99 113.48 114.33 115.82 118.16
MONTHLY 101.57 108.11 110.66 114.64 117.19 121.17 127.70
 

GOLD

Gold held below 1240 despite several bullish attempts to capture the level as we see bears gearing up for a move lower. Bears will look to capture 1230 in hopes of targeting 1225, 1220 and 1215 while bulls will need to capture 1235 and 1240 if they want a chance at testing the all-important 1250 level.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1222.10 1225.10 1231.30 1234.30 1240.50 1243.50 1249.70
WEEKLY 1198.96 1208.13 1222.86 1232.03 1246.76 1255.93 1270.66
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74