EURUSD

The pair continues to push north with Fridays high being tested by renewed vigor from the bulls. As it stands, bulls will look to capture 1.0775 as a stepping stone to 1.0800, 1.0825 and 1.0850 while bears will have their work cut out for them, needing to capture 1.0750 if they wish to attract more sellers for a retest of 1.0725, 1.0700 and 1.0675.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0639 1.0694 1.0716 1.0749 1.0772 1.0805 1.0860
WEEKLY 1.0341 1.0524 1.0631 1.0707 1.0814 1.0890 1.1073
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.7740 1.0971 1.1112
 

GBPUSD

Bulls have run a mock after halting the selling pressure just shy of the 1.2100 support level to now trade above 1.2400. As it stands bulls will look to push through 1.2425 in hopes of testing 1.2450, 1.2475 and 1.2500 while bears will look to leverage the long-term downtrend line in confluence with the overbought stochastics to capture 1.2400 as a stepping stone to 1.2375, 1.2350 and 1.2325.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2212 1.2293 1.2345 1.2375 1.2426 1.2456 1.2538
WEEKLY 1.1711 1.2007 1.2201 1.2303 1.2497 1.2599 1.2896
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

Bulls have managed to protect 112.50 as they look to retrace some of their recent losses. Bulls will need to capture 112.75 if they wish to convince more buyers to join the game, effectively breaking above the trendline and exposing 113.00, 113.25 and 113.50. Bears on the other hand, will be hard pressed to relinquish the ground and will protect 112.75 in hopes of retaking 112.50 for a ride down to 112.25, 112.00 and 111.75.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.09 112.00 112.34 112.90 113.24 113.81 114.71
WEEKLY 108.21 110.84 111.76 113.48 114.40 116.12 118.75
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Bulls managed to peek above 1235 but where yet again rejected as bears defended the key resistance level. As it stands bears will look to close below the trendline, capturing 1230, triggering stops and attracting more sellers for a ride to 1225, 1220 and 1215. Bulls, on the other hand, will have their heart set on the 1250 level and will look to capture 1235 as a stepping stone to 1240 and 1245.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1126.76 1227.63 1229.31 1230.18 1231.86 1232.73 1234.41
WEEKLY 1172.66 1184.73 1207.26 1219.33 1241.86 1253.93 1276.46
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04