USDJPY

The USDJPY recovers mildly after dropping to 111.62. But as long as 112.52 minor resistance holds, deeper fall is expected. Current decline is seen as correcting whole rise from 104.62. On the upside, considering mild bullish convergence condition in 4-hour MACD, above 112.52 minor resistance will indicate completion of the pull back and bring retest of 114.54 high.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.98 111.30 111.57 111.89 112.16 112.48 112.75
WEEKLY 109.26 110.55 111.37 112.66 113.78 114.77 115.59
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

Intraday bias in EURUSD remains neutral for the moment. On the upside, break of 1.1610 will extend the rebound from 1.1431 towards 1.1814 resistance. Immediate resistance is now pegged near the 1.1580 region. On the downside, break of 1.1534 will indicate completion of rebound from 1.1431. Intraday bias will be turned back to the downside for 1.1431 and then 1.1300 low.

EURUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1485 1.1514 1.1548 1.1577 1.1611 1.1640 1.1674
WEEKLY 1.1278 1.1354 1.1459 1.1535 1.1640 1.1716 1.1821
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

The Pound is waffling around 1.3155 handle after Monday’s bull-run off of a bearish gap looks set to go nowhere. In case of another rally, we’d continue to expect strong resistance at 1.3316 key fibonacci level to bring down trend resumption eventually. Support is seen at around the 1.3080-1.3100 region and resistance is at 1.3196-1.3293 region.

GBPUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3030 1.3066 1.3110 1.3146 1.3190 1.3226 1.3270
WEEKLY 1.2804 1.2916 1.3035 1.3147 1.3266 1.3378 1.3497
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

GOLD eyes further strength short term as it looks for strength. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. On the upside, resistance resides at the 1,240.00 level where a break will aim at the 1,250.00 level. Further out, resistance stands at the 1,270.00 level. All in all, GOLD looks to recover further higher.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1208.64 1215.67 1222.84 1229.87 1237.04 1244.07 1251.24
WEEKLY 1152.10 1167.90 1190.00 1208.80 1233.90 1249.70 1274.80
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34