EUR/USD

Bulls re-entered the game forcefully, driving price back up to 1.1150, the pre NFP zone, where the EURUSD is currently trading. Bears appear to have taken control of 1.1150 and will be looking to target 1.1125, 1.1100 and 1.1075. However, should bulls capture 1.1150, we would see price driven higher with targets 1.1175, 1.1200 and 1.1225


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.1025 1.1046 1.1082 1.1103 1.1139 1.1160 1.1196
Weekly 1.0817 1.0930 1.1008 1.1121 1.1199 1.1312 1.1390
Monthly 1.0771 1.0862 1.1015 1.1106 1.1259 1.1350 1.1503
 

GBPUSD

Bulls managed to push prices higher but were stopped at the 1.3100 resistance zone as bears stepped in to protect the level driving prices below the 1.3050 support level with an eye on 1.3000, 1.2950 and 1.2900. Should bulls capture 1.3050, we would see one last push for 1.3100 with targets at 1.3150 and 1.3200.


GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.2854 1.2904 1.2953 1.3003 1.3052 1.3102 1.3151
Weekly 1.2579 1.2799 1.2936 1.3156 1.3293 1.3513 1.3650
Monthly 1.2165 1.2481 1.2849 1.3165 1.3533 1.3849 1.4217
 

USDJPY

102.50 served as an important pivot point as bears leveraged this area to attempt another assault on 100.00. They, however, could not approach 101.00 as bulls stepped in to protect the important handle, driving prices higher and we are now seeing the pair retesting the 101.50 resistance level. Support is at 101.25, 101.00 and 100.75. Resistance is at 101.50, 101.75 and 102.00.


USDJPY
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 100.82 101.29 101.59 102.06 102.36 102.83 103.13
Weekly 98.53 99.59 100.70 101.76 102.84 103.93 105.04
Monthly 91.60 95.81 99.07 103.28 106.54 110.75 114.01
 

GOLD

Bulls successfully defended 1330, forming a bullish head and shoulder and catapulting the price of gold back above the 1350 handle. Bulls will look to maintain their grip on 1350 with an eye on 1360, 1370 and 1380. On the other hand, bears will look to recapture 1350 in hopes of attracting more sellers as they look to capture 1340, 1330 and 1320.


GOLD
​​
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1320.96 1324.73 1331.86 1335.63 1342.76 1346.53 1353.66
Weekly 1292.44 1313.07 1324.74 1345.37 1357.04 1377.67 1389.34
Monthly 1251.66 1281.08 1318.61 1348.03 1385.56 1414.98 1452.51