EURUSD

The pair was ranging for most of yesterday as we saw both side undecided on which direction to take the pair, but by end of day we saw bears prevail as strong drive south proceeded. As it stands the pair is ranging between 1.1125 and 1.1150 with bears looking to close below for a chance at testing lower while bulls will look to capture 1.1150 if they wish to attract more buyers for a retest of 1.1200 and beyond.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1119 1.1139 1.1152 1.1172 1.1185 1.1205 1.1218
WEEKLY 1.1028 1.1093 1.1138 1.1203 1.1248 1.1313 1.1358
MONTHLY 1.0276 1.0422 1.0660 1.0806 1.1044 1.1190 1.1428
 

GBPUSD

The pair consolidated for most of yesterday as we saw bulls keep prices above last week’s lows with a bullish undertone prevailing. As it stands, bulls will look to capture 1.2825 as a stepping stone to testing deeper into last week’s highs while bears will need to capture 1.2800 if they wish to test last week’s lows.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2736 1.2762 1.2801 1.2827 1.2866 1.2892 1.2931
WEEKLY 1.2432 1.2602 1.2703 1.2873 1.2974 1.3144 1.3245
MONTHLY 1.1943 1.2152 1.2552 1.2761 1.3161 1.3370 1.3770
 

USDJPY

The pair consolidated yesterday as we saw a tight range prevail until this morning where bears overpowered weary bulls to drive the pair lower. As it stands, bears have the upper hand and they will look to capture 1.1075 as a stepping stone to lower prices while bulls will look to capture 1.1100 as stepping stone to regaining some of the recent losses.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.76 110.95 111.10 111.29 111.44 111.63 111.78
WEEKLY 109.44 110.14 110.74 111.44 112.04 112.74 113.34
MONTHLY 105.51 106.81 109.18 110.48 112.85 114.15 116.52
 

GOLD

Bulls attempted to break through 1270 but could not manage it as we are now back in the range of 1265 to 1270. Bulls swill look to capture 1270 as a stepping stone to 1300 while bears will look to capture 1265 as a stepping stone to 1250 and beyond.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1261.26 1263.11 1264.90 1266.75 1268.54 1270.39 1272.18
WEEKLY 1232.34 1239.97 1254.04 1261.67 1275.74 1283.37 1297.44
MONTHLY 1191.34 1218.37 1243.34 1270.37 1295.34 1322.37 1347.34