EURUSD

The pair continues to weaken as we see significant weakness in the EUR and an uptick in the USD. As it stands the trend is bearish and bears will look to capture 1.0575 in hopes of testing lower with potential targets at 1.0550, 1.0525 and 1.0500. However, bulls will look to regain some of their recent losses and look to capture 1.0600 in hopes of capturing 1.0625, 1.0650 and 1.0675.

  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 resistance at the 1.2475 resistance level as we saw bears reenter to drive price lower. As it stands the trend is still bearish and bears will look to capture 1.2450 as a confirmation of further weakness with potential targets at 1.2425, 1.2400 and 1.2375 while bulls will need to capture 1.2475 if they wish to change the trend, exposing further upside with potential targets at 1.2500, 1.2525 and 1.2550.

  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 continued to squeeze higher yesterday as we saw significant weakness creep in from the JPY. As it stands bulls have the edge in the short term but will need a lot more work if they are too convince markets of a longer term recovery. Bulls will look to capture 113.75 in hopes of attracting more buyers and potentially targeting 114.00, 114.25 and 114.50 while bears will need to capture 113.50 if they are to continue the medium term trend to the downside with potential targets at 113.25, 113.00 and 112.75.

  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 was yet again rejected at the 1244 level as bears formed a solid defensive line to absorb aggressive buying by bulls. As it stands the pair has retraced back below the 1235 level and bears will look to capture 1230 a s stepping stone to further weakness with potential targets at 1225, 1220 and 1215 while bulls will look to capture 1235 in hopes of gathering enough support to attempt another assault on 1244.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1227.76 1230.63 1234.41 1237.28 1241.06 1243.93 1247.71
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