EURUSD
The
EURUSD is moving in an upward direction on the hourly interval. The pair fell
to its first target of 121.00 and rebounded from it, and we expect it to
re-test the resistance area 1.2170-1.2220 in the coming hours.
Resistance
levels: 1.2170 - 1.2220 - 1.2300
Support
levels: 1.2100 - 1.2000 - 1.1930
Trend:
Bullish
GBPUSD
The
GBPUSD pair is moving in an upward direction on the hourly interval. The pair
rose to achieve its first target and close to the second target, where it is
currently trading near a major support area. We expect it to rise again
targeting 1.3400 then 1.3500, provided that it does not trade below 1.3200.
Resistance
1.3400 - 1.3450 - 1.3500
Support:
1.3300 - 1.3250 - 1.3200
Direction:
Bullish
USDJPY
The
USDJPY pair is moving upwardly on the hourly interval. The pair rose, achieving
its first target at 104.20, and we expect it to continue rising towards the
upper bound of the sideways trend at 104.80, provided that price remains above
103.50: 103.90.
Resistance
104.70- 105.00- 105.60
Support:
104.20 - 103.50 - 103.00
Trend:
Sideways
Gold
Gold
is moving in a bearish direction on the hourly interval. The aforementioned
resistance area succeeded in stopping the rise of gold and pushed it from the
level of 1875 to the level of $1825.
Resistance:
1840-1860-1880
Support
1820--1800--1760
Trend:
Bullish
Oil
Oil
(Brent crude) is moving in a sideway direction on the one-hour timeframe. Oil
rose to near its third target of $50.00 and is currently trading near a major
support area between $48.00 and $47.00. We expect that in the case of
maintaining trading above the aforementioned support area, it will rise again
targeting the level of $50.00 then $52.00.
Resistance
49.00 - 50.00 - 52.00
Support:
48.00 - 46.50 - 45.00
Trend: Sideways