EUR/USD

The pair has been sold off for most of the week and is currently consolidating between 1.1250 and 1.1275. Bulls will look to capture 1.1275 with hopes of reclaiming some of their lost pips with targets at 1.1300, 1.1325 and 1.1350. However, bears will look to milk their recent momentum with a break of 1.1250 likely to see them make new weekly lows with targets at 1.1225, 1.1200 and 1.1175.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1158 1.1200 1.1232 1.1274 1.1306 1.1348 1.1380
WEEKLY 1.0982 1.1067 1.1196 1.1281 1.1410 1.1495 1.1624
MONTHLY 1.0766 1.0858 1.1016 1.1108 1.1266 1.1358 1.1516
 

GBPUSD

Cable had a failure swing around the 1.3250 resistance level and has since snuck below 1.3225 and is currently making its way towards support at 1.3200. Bulls will likely look to retest 1.3225, which if they manage to break will see them target 1.3250, 1.3275 and 1.3400. However, bears will have numbers stationed at 1.3225 as they look to leverage the resistance level and make a push for 1.3200 with targets at 1.3175 and 1.3150.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3054 1.3106 1.3170 1.3222 1.3286 1.3338 1.3402
WEEKLY 1.2573 1.2718 1.2896 1.3041 1.3219 1.3364 1.3542
MONTHLY 1.2168 1.2482 1.2857 1.3171 1.3546 1.3860 1.4235
 

AUDUSD

The pair is currently oscillating between support at 0.7600 and resistance at 0.7650 as the pair looks for direction. A break above 0.7650 would see the bullish medium term trend reignited as bulls try for 0.7675, 0.7700 and 0.7725. However, should bears manage to capture 0.7600, we would see bears push for 0.7575, 0.7550 and 0.7525.


USD/JPY
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7540 0.7563 0.7588 0.7611 0.7636 0.7659 0.76847
WEEKLY 0.7406 0.7501 0.7564 0.7659 0.7722 0.7817 0.7880
MONTHLY 0.7172 0.7288 0.7443 0.7559 0.7714 0.7830 0.7985
 

GOLD

Bears have stumbled at 1325 as bulls have stepped in to stem the recent drop in gold prices. If bull’s manage to maintain their grip on 1325, we would see them push for 1330, 1335 and 1340 as they look to rekindle a bullish stronghold. However, should bears manage to capture 1325, we would see further sell offs to 1320 and 1315 as bears march to key support at 1310.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1304.84 1313.87 1319.14 1328.17 1333.44 1342.47 1347.74
WEEKLY 1309.60 1321.60 1331.00 1343.00 1352.40 1364.40 1373.80
MONTHLY 1254.14 1283.47 1316.40 1345.57 1378.34 1407.67 1440.44