EURUSD

The pair peeked at 1.1171 before turning south on profit taking as we now see the bears looking to take the advantage by capturing 1.1125. Should bears be successful, this would see the break of the near-term uptrend, suggesting further downside, with targets at 1.1100, 1.1075 and 1.1050. However, if bulls manage to hold 1.1125 and capture 1.1150, we would see further upside as bulls hunt 1.1200 and beyond.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1018 1.1048 1.1103 1.1133 1.1188 1.1218 1.1273
WEEKLY 1.0650 1.0744 1.0837 1.0931 1.1024 1.1118 1.1211
MONTHLY 1.0276 1.0422 1.0660 1.0806 1.1044 1.1190 1.1428
 

GBPUSD

The pair could not hold the gains above 1.2975 and we are now seeing a push south as bear look to close below 1.2950 in an attempt to attract more sellers for retest of 1.2900 and beyond. However, if bulls manage to capture 1.2975 again, we would see a move toward the 1.3000, 1.3025 and 1.3050 resistance levels.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2829 1.2866 1.2920 1.2957 1.3011 1.3048 1.3102
WEEKLY 1.2676 1.2759 1.2825 1.2908 1.2974 1.3057 1.3123
MONTHLY 1.1943 1.2152 1.2552 1.2761 1.3161 1.3370 1.3770
 

USDJPY

The pair shed over 250 pips before coming to a stop at the 110.50 support level where we have since seen a bounce on profit taking as bulls now test the 111.00 resistance level, which if captured will see further upside as the pair consolidates its losses with targets at 111.25, 111.50 and 111.75. However, if bears manage to control 111.00, we could see another retest to the downside as bears eye 110.00.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 107.62 109.19 110.00 111.57 112.38 113.95 114.76
WEEKLY 110.32 111.34 112.34 113.36 114.36 115.38 116.38
MONTHLY 105.51 106.81 109.18 110.48 112.85 114.15 116.52
 

GOLD

Bulls took full control of the precious metal to blow right through the 1250 resistance level for a test of 1262 before profit taking saw a pull back towards the 1250 mark. Bears will need to break below 1255 to test the 1250 and perhaps beyond. However, with the bullish trend in place, bulls will look to leverage the recent buying power to test higher, with a break of the 1260 a likely confirmation of further upside to perhaps the 1275 level.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1222.14 1226.07 1231.24 1235.17 1240.34 1244.27 1249.44
WEEKLY 1217.64 1226.97 1242.84 1252.17 1268.04 1277.37 1293.24
MONTHLY 1191.34 1218.37 1243.34 1270.37 1295.34 1322.37 1347.34