EURUSD

Bears managed to test lower as we saw the 1.1075 come under fire, but the level held and bulls were soon back above 1.1100. As it stands, bulls will look to capture 1.1125 as a stepping stone to testing yesterday’s highs and beyond to the 1.1200 resistance level. However, should bears retake 1.1100, we would see further weakness with targets at 1.1075, 1.1050 and 1.1025.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0959 1.1016 1.1059 1.1116 1.1159 1.1216 1.1259
WEEKLY 1.0650 1.0744 1.0837 1.0931 1.1024 1.1118 1.1211
MONTHLY 1.0276 1.0422 1.0660 1.0806 1.1044 1.1190 1.1428
 

GBPUSD

Bears managed to test lower as we saw the 1.1075 come under fire, but the level held and bulls were soon back above 1.1100. As it stands, bulls will look to capture 1.1125 as a stepping stone to testing yesterday’s highs and beyond to the 1.1200 resistance level. However, should bears retake 111.00, we would see further weakness with targets at 1.1075, 1.1050 and 1.1025.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2707 1.2798 1.2869 1.2960 1.3031 1.3122 1.3193
WEEKLY 1.2676 1.2759 1.2825 1.2908 1.2974 1.3057 1.3123
MONTHLY 1.1943 1.2152 1.2552 1.2761 1.3161 1.3370 1.3770
 

USDJPY

Bears could not sustain the attack on the 110.25 support level as we saw bulls resurface to drive the pair 140 pips higher before entering consolidation. As it stands, bulls will look to keep price above 111.25 as a stepping stone to 111.50, 111.75 and 112.00. However, bears will look to capture 111.00 as a stepping stone to testing yesterday’s lows.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.05 109.63 110.57 111.15 112.09 112.67 113.61
WEEKLY 110.32 111.34 112.34 113.36 114.36 115.38 116.38
MONTHLY 105.51 106.81 109.18 110.48 112.85 114.15 116.52
 

GOLD

Gold peeked at 1265 before bears reentered to drive the pair back below the 1250 key support level. As it stands both sides will need to indicate their dominance around the 1250 mark if they are to attract more strength. Bulls will look to capture 1250, closing above 1255, as a stepping stone to 1275 while bears will look to close below 1245 as a stepping stone to 1225.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1224.70 1235.20 1244.00 1254.50 1254.50 1273.80 1282.60
WEEKLY 1217.64 1226.97 1242.84 1252.17 1268.04 1277.37 1293.24
MONTHLY 1191.34 1218.37 1243.34 1270.37 1295.34 1322.37 1347.34