EURUSD

The pair gapped up on the opening as bulls charge full steam ahead. As it stands the medium and short term trends are up and bulls will look to capture 1.0875 as a stepping stone to 1.0900, 1.0925 and 1.0950 while bears will hope to retake 1.0850 in hopes of triggering a short-term reversal and regaining some lost ground with an eye on 1.0825, 1.0800 and 1.0775.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0679 1.0736 1.0768 1.0793 1.0825 1.0850 1.0907
WEEKLY 1.0625 1.0671 1.0735 1.0781 1.0845 1.0891 1.0955
MONTHLY 1.0098 1.0295 1.0436 1.0633 1.7740 1.0971 1.1112
 

GBPUSD

With the short term and medium term trends strongly bullish, bulls are looking to capture 1.2550 in a bid to drive prices higher with targets at 1.2575, 1.2600 and 1.2625 while bears will look to capture 1.2525 in hopes of reversing the short-term trend for a ride down to 1.2500, 1.2475 and 1.2450.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2405 1.2445 1.2460 1.2484 1.2500 1.2524 1.2564
WEEKLY 1.2159 1.2246 1.2358 1.2445 1.2557 1.2644 1.2756
MONTHLY 1.1884 1.2114 1.2248 1.2478 1.2612 1.2842 1.2976
 

USDJPY

Bears are extending on their 2017 lows as they now trade below 110.25, keeping the short term and medium term trends firmly negative. Bears will look to extend their gains by capturing 110.00 in hopes of testing 109.75, 109.50 and 109.25 while bulls will look to retake 110.25 in a bid to turn the short-term trend bullish and test 110.50, 110.75 and 111.00.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.43 110.29 110.81 111.15 111.67 112.00 112.86
WEEKLY 108.02 109.3 110.33 111.62 112.64 113.93 114.95
MONTHLY 107.83 109.70 111.24 113.11 114.65 116.52 118.06
 

GOLD

Bulls have cleared the 1250 hurdle and are now pointing firmly north as we see the short term and medium term trends firmly bullish. As it stands bulls will look to capture 1260 as a stepping stone to 1265, 1270 and 1275 while bears will look to capture 1255 in hopes of turning the short-term trend bearish for a run down to 1250, 1245 and 1240.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1233.36 1237.68 1245.21 1249.53 1257.06 1261.38 1268.91
WEEKLY 1210.14 1218.27 1233.24 1241.37 1256.34 1264.47 1279.44
MONTHLY 1147.44 1172.67 1212.64 1237.87 1277.84 1303.07 1343.04