EURUSD

The pair found support at 1.1175 before bulls drove higher to test just below the 1.1250 resistance level. As it stands bulls will look to capture 1.1250 in hopes of testing higher while bears will look to capture 1.1225 in hopes of igniting a sell off.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1129 1.1148 1.1184 1.1203 1.1239 1.1258 1.1294
WEEKLY 1.0720 1.0820 1.1014 1.1114 1.1308 1.1408 1.1602
MONTHLY 1.0276 1.0422 1.0660 1.0806 1.1044 1.1190 1.1428
 

GBPUSD

The pair whipsawed yesterday as we saw both sides fighting it out aggressively between the wedge. As it stands, bulls will look to capture 1.3000 in hopes of testing higher while bears will look to capture 1.2975 as a stepping stone to testing the bottom of the wedge.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2856 1.2890 1.2932 1.2966 1.3008 1.3042 1.3084
WEEKLY 1.2732 1.2798 1.2917 1.2983 1.3102 1.3168 1.3287
MONTHLY 1.1943 1.2152 1.2552 1.2761 1.3161 1.3370 1.3770
 

USDJPY

The pair ranged between the 111.75 and 112.00 zones before bears finally managed to break below to test the 111.50 support level before heading back for a retest of the 111.75. As it stands, if bears can keep prices below 111.75, we might see a retest lower with 111.00 exposed. However, if bulls capture 112.00, we could see a move higher as 113.00 becomes a target.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.59 111.02 111.26 111.69 111.93 112.36 112.60
WEEKLY 106.05 108.13 109.70 111.78 113.35 115.43 117.00
MONTHLY 105.51 106.81 109.18 110.48 112.85 114.15 116.52
 

GOLD

1250 was captured aggressively by bulls who drove the precious metal back toward 1260 before bears resurfaced. As it stands, bulls will need to capture 1260 if they wish to attract enough buying to take out the 1265 key level which will expose 1275 and beyond. However, if bears capture 1250, we could see a move south towards 1225.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1236.34 1241.97 1247.54 1253.17 1258.74 1264.37 1269.94
WEEKLY 1193.10 1203.70 1215.70 1226.30 1238.30 1248.90 1260.90
MONTHLY 1191.34 1218.37 1243.34 1270.37 1295.34 1322.37 1347.34