EURUSD

The hourly trend is up with price making higher highs. As it stands bulls have the momentum and will look to capture 1.0825 as a stepping stone to 1.0850, 1.0875 and 1.0900. however, should bears manage to close below 1.0790, breaking the inner trendline, we will likely see a move towards the longer-term trend line and potentially beyond with targets at 1.0750, 1.0725 and 1.0700.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0639 1.0678 1.0744 1.0783 1.0849 1.0888 1.0954
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

The hourly continues to make higher highs with bulls looking to break beyond 1.2500 in hopes of making higher highs with targets at 1.2525, 1.2550 and 1.2575. Bears on the other hand will look to capture 1.2460, breaking below the inner trend line for a potential drive to the longer-term trend line with potential targets at 1.2450, 1.2425 and 1.2400.

 GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2222 1.2280 1.2380 1.2438 1.2538 1.2596 1.2696
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

The hourly trend is down with bears looking to take control of the 111.50 resistance line before continuing south to 111.25, 111.00 and 110.75. Bulls will need to capture 111.75, breaking the inner trendline and setting up a potential run to the larger term trendline with potential targets at 112.00, 112.50 and 112.75.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.85 110.69 111.20 112.04 112.55 113.39 113.90
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 have managed to make new highs on the hourly and are currently trading between the 1245 and 1250 range as further direction is sought. As it stands, bulls will try maintain their grip on 1245 with 1250, 1255 and 1260 in their sights. Bears, on the other hand, will need to capture 1245, breaking below the inner trendline, If they wish to test lower with potential targets ta 1240, 1235 and 1225.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1214.46 1220.43 1233.26 1239.23 1252.06 1258.03 1270.86
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