EUR/USD

Bulls found strong resistance at the 23.5% fibo and have twice failed to break through with the pair in line to post a lower low on the H1 chart, hinting at a possible reversal. Should bulls manage to take control of 1.1175, we might see more upside as they look to test 1.1200, 1.1225 and 1.1250 while a break below 1.1150 would see bears use their momentum to target 1.1125, 1.1100 and 1.1075.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1028 1.1064 1.1121 1.1157 1.1214 1.1250 1.1307
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 back to the 1.3050 support level with an eye on 1.3000, 1.2950 and 1.2900. Should bulls capture 1.3075, 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 1.2860 1.2924 1.2968 1.3032 1.3076 1.3140 1.3184
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

101.00 has formed a formidable support barrier for bulls who have thrown everything they have at defending the level, only a close below 101 would expose more downside risk with targets at 100.75, 100.50 and 100.25. until then we will be looking for more upside as bulls look to push bears further back, with targets at 101.50 , 101.75 and 102.00.


USD/JPY
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 99.80 100.37 100.83 101.40 101.86 102.43 102.89
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

Bears stepped in at the 23.6% fibo level and managed to beat bears back below the 1350 level as the precious metal now trades at 1342 with downside targets at 1335, 1330 and 1325. Resistance is at 1345, 1350 and 1355.


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