EUR/USD

The pair was sold aggressively on Friday as bears broke through several key support levels only to be halted at the 1.1050 level as bulls swooped in at bargain prices, moving the pair back up to the 50% fibo at 1.1100. As it stands the trend is bearish and bears are expected to retake control at 1.1100 with targets at 1.1075, 1.1050 and 1.1025. However, should bulls manage to take control of 1.1100, we would see them try negate Fridays loses as they target 1.1125, 1.1150 and 1.1175.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1066 1.1073 1.1080 1.1087 1.1094 1.1101 1.1108
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

The pair made a b-line for the 1.3000 major support zone but was stopped at 1.3010 as bulls gave one last push for higher prices/ currently the pair is retesting the 50% fibo at 1.3100, where we expect them to continue their downward play with targets at 1.3050, 1.300 and 1.2950. However, should bulls capture 1.3100, we would see them try for 1.3250 with interim targets at 1.3150 and 1.3200.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0305 1.3059 1.3067 1.3076 1.3084 1.3093 0.9847
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

The USDJPY briefly peaked below 101.00 on Friday before being bought up by hungry bulls who managed to drive prices to 102.00 by end of day. The pair is still in a downtrend and could bears take control of 102.00, we would see them make an attempt on 101.75, 101.50 and 101.25. However, should bulls maintain their grip on 102.00 and capture 102.25, we would see them target 102.50 and 102.75 as they look to make a higher high on the H1 chart.


USD/JPY
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 101.44 101.65 101.85 102.06 102.26 102.47 102.67
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

After an intense week of back and forth, bears took control to finish the week at the 38.2% fibo level. Currently the battle for direction is being fought at 1330 with bulls looking to target 1340, 1350 and 1360 while bears will be looking to target 1325, 1320 and 1315.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1332.51 1334.93 1337.11 1339.53 1341.71 1344.13 1346.31
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