USDJPY

USDJPY kept its bullish momentum, trading at 109.10 levels. On the downside, short term support comes in at the 109.00 level where a break may indicate a move towards 108.95 and 108.60 levels. On the other side, short term resistance resides at the 109.20 level where a break may result an uptrend to 109.50 and 109.90 levels.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.87 108.95 109.02 109.10 109.17 109.25 109.32
WEEKLY 106.09 106.88 107.96 108.75 109.83 110.62 111.70
MONTHLY 102.04 103.30 104.79 106.05 107.54 108.80 110.29

EURUSD

The Euro remained in a bearish zone this past week and declined below 1.2200 against the US Dollar. The EUR/USD pair traded as low as 1.2056 before it found support. It started an upside correction from the 1.2056 low and moved above 1.2080. Support still lies at 1.209 levels and on the other side, resistance lies at 1.213 levels, where an uptrend might drive the pair back to the 1.220 area.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2107 1.2113 1.2118 1.2124 1.2129 1.2135 1.2140
WEEKLY 1.1794 1.1925 1.2028 1.2159 1.2262 1.2393 1.2496
MONTHLY 1.1836 1.1995 1.2159 1.2318 1.2482 1.2641 1.2805

GBPUSD

The Pound tumbled on sell off on Friday afternoon, following a GDP release with the worst growth figure in five years. The pair bottomed at 1.3745 last Friday, making it the support level, where a break will turn attention to the 1.3700 level. Short term resistance stands at the 1.3800 levels, with a break above this level may result in a move towards the 1.3900 level.

GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3755 1.3762 1.3766 1.3773 1.3777 1.3784 1.3788
WEEKLY 1.3392 1.3570 1.3675 1.3853 1.3958 1.4136 1.4241
MONTHLY 1.3205 1.3459 1.3738 1.3992 1.4271 1.4525 1.4804

GOLD

The commodity continues to face its downside pressure but looks to recovery higher. On the downside, support comes in at the 1,320.00 level where a break will turn attention to the 1,310.00 level. Conversely, resistance resides at the 1,330.00 level where a break will aim at the 1,340.00 level. A turn above there will expose the 1,350.00 level. Further out, resistance stands at the 1,360.00 level. All in all, GOLD looks to weaken further lower but with caution.

GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1322.34 1322.87 1323.64 1324.17 1324.94 1325.47 1326.24
WEEKLY 1297.56 1306.93 1315.66 1325.03 1333.76 1343.13 1351.86
MONTHLY 1250.24 1279.77 1303.54 1333.07 1356.84 1386.37 1410.14