EUR/USD

Bulls captured all three of their targets yesterday and were halted at the 38.2% fibo as bear’s re-entered the market in an attempt to regain their composure. The land between 1.1200 and 1.1225 makes for the new battle ground, where should bulls capture 1.1250, we would see them move further north with targets at 1.1250, 1.1275 and 1.1300. However, should bears capture 1.1200, we would see them march south to 1.1175, 1.1150 and 1.1125.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.1091 1.1122 1.1174 1.1205 1.1257 1.1288 1.1340
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

The pair breeze through its upside target as we saw momentum favoured the bulls as the stormed through several key resistance points until finally taking some profits at the 23.6% fibo as we saw the pair pull back from its highs of the day. The land between 1.3300 and 1.3350 makes for the new battle ground, and should bulls capture 1.3350, we would see them move further north with targets at 1.3375, 1.3400 and 1.3450. However, should bears capture 1.3300, we would see them march south to 1.3250, 1.3200 and 1.3150.


GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.3031 1.3100 1.3228 1.3297 1.3425 1.3494 1.3622
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

Bears breezed through the 101.00 handle as they continue to dominate the pair, dipping as low as 100.50. Currently the pair is back at 101.00, where we expect the two forces to continue the tug of war until we see either 100.00 or 102.00. Should bulls manage to control 101.00, we would see them target 101.25, 101.50 and 101.75. However, the more likely scenarios is that bears will look to leverage their recent momentum to capture 101.00 and drive prices to 100.50, 100.00 and 99.50.


USDJPY
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 97.91 99.28 100.09 101.46 102.27 103.64 104.45
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

Bulls have managed to capture 1350 and care currently trading at 1364 with an eye on 1370, 1380 and 1390 as they look to continue their post Brexit bullish run with hopes of topping the 1400 handle as they drive deeper into 2013 prices. Should bears recapture 1350, we would see them look to target 1340, 1330 and 1320.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1332.60 1339.60 1352.00 1359.00 1371.40 1378.40 1390.80
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