USDJPY

The USDJPY was almost flat earlier on the day at 113.30 as BOJ economic data didn’t inspire traders. Price action is seen attempting to test the previous lows near 113.00. Immediate support is seen at 113.00 level and a break below here will extend the decline targeting 112.00 area. However, a break above 113.70 resistances might trigger upside pressure and focus to 114-115 handles.

USDJPY-26-12-2017

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 113.05 113.12 113.22 113.29 113.39 113.46 113.56
WEEKLY 111.21 111.76 112.53 113.08 113.85 114.40 115.17
MONTHLY 106.78 108.81 110.67 112.70 114.56 116.59 118.45

EURUSD

EURUSD recovered after the downside pressure from the Catalan Votes from last week. Price action managed to retrace and reach 1.1875 resistance level. To the downside, the next support is seen at 1.1800 – 1.1700 level where the declines could be halted. From the other side if bulls manage to break above 1.1860, we might see further upside movement back to 1.1900 levels.

EURUSD-26-12-2017

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1788 1.1817 1.1846 1.1875 1.1904 1.1933 1.1962
WEEKLY 1.1604 1.1671 1.1768 1.1835 1.1932 1.1999 1.2096
MONTHLY 1.1244 1.1399 1.1652 1.1807 1.2060 1.2215 1.2468

GBPUSD

GBPUSD continues to trade within narrow range upside limited at 1.3400, as near-term bulls repeatedly failed to close above 1.3400 level. Key resistance remains at 1.3500 and clear move above that area could trigger further bullish pressure exposing 1.3600 key resistance. However, the downside is expected to remain vulnerable if the price breaks below 1.3300 support level.

GBPUSD-26-12-2017

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3323 1.3342 1.3358 1.3377 1.3393 1.3412 1.3428
WEEKLY 1.3201 1.3256 1.3310 1.3365 1.3419 1.3474 1.3528
MONTHLY 1.2680 1.2859 1.3192 1.3371 1.3704 1.3883 1.4216

GOLD

Gold continues climbed higher and has pushed to 1280 resistance area. Intraday bias looks bullish targeting 1290 level and a break from here will target 1300. Support is seen at 1260.00 level where a break will expose 1230 region. The intraday outlook is bullish in the short to medium term.

GOLD-26-12-2017

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1275.76 1276.83 1277.36 1278.43 1278.96 1280.03 1280.56
WEEKLY 1238.46 1247.03 1263.06 1271.63 1287.66 1296.23 1312.26
MONTHLY 1230.10 1250.10 1263.40 1283.40 1296.70 1316.70 1330.00