EURUSD

Bears could not sustain a break below 1.0500 and we are currently seeing resistance at 1.0525 being tested as bulls look to try and ignite a deeper correction. Should bulls manage to capture 1.0525, we would see a potential move to 1.0550, 1.0575 and 1.0600. However, if bears manage to capture 1.0500, we would see further downside to 1.0475, 1.0450 and 1.0425.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0422 1.0457 1.0482 1.0517 1.0542 1.0577 1.0602
WEEKLY 1.0348 1.0420 1.0492 1.0564 1.0636 1.0708 1.0780
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.774 1.0971 1.1112
 

GBPUSD

The pair is beginning to flatten out as we see consolidation post the aggressive selling triggered early in the week. As it stands, bulls will look to capture 1.2300 in hopes of a deeper correction with targets at 1.2325, 1.2350 and 1.2375. However, if bears manage to capture 1.2250, we are likely to see a continuation lower with targets at 1.2225, 1.2200 and 1.2175.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2168 1.2204 1.2236 1.2272 1.2304 1.2340 1.2372
WEEKLY 1.2211 1.2304 1.2386 1.2479 1.2561 1.2654 1.2736
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

The pair hit resistance at 114.50 which is the long-term downtrend which continued from January. As it stands, bears will look to leverage the key resistance in their favor as they look to capture 114.00 in hopes of triggering further downside moves with targets at 113.75, 113.50 and 113.25. However, bulls will be hard pressed to let go of their momentum and if they manage to capture 114.25, we will likely see another test of the resistance line with targets at 114.50, 114.75 and 115.00.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.90 113.28 113.85 114.23 114.80 115.18 115.75
WEEKLY 109.61 110.76 111.48 112.63 113.35 114.50 115.22
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Gold continues to slide as bears look to 1200 their prize target for now. As it stands the precious metal is trading between support at 1230 and resistance at 1235. Bears will look to capture 1230 in hopes of triggering more selling with targets at 1225, 1220 and 1215 while bulls will look to capture 1235 in hopes of targeting 1240, 1245 and 1250.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1208.96 1219.83 1225.86 1236.73 1242.76 1253.63 1259.66
WEEKLY 1206.36 1217.23 1237.06 1247.93 1267.76 1278.63 1298.46
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04