The EURUSD pair rose strongly yesterday from 1.1110 levels, as we expected, the pair now faces a resistance level at 1.1175 and the upper limit of the bullish classic channel, so we may see a corrective decline for the pair in the coming hours.
Resistance levels: 1.1175 - 1.1210 - 1.1260
Support levels: 1.1110 - 1.0990 - 1.0940
The GBPUSD rose strongly during the past hours as a result of the Parliamentary elections in Britain. The pair has an open way to target 1.3500 areas as one of its first targets.
Resistance 1.3500 -1.3600 - 1.3650
Support: 1.3250 - 1.3120 - 1.2960
The USDJPY broke through the triangle pattern on the hourly interval and currently moving in an upward direction, but it faces a strong resistance level at 109.70 so we may witness a correction within hours and then it will provide a buying opportunity to complete the upside direction.
Resistance: 109.70 - 110.00 - 110.50
Support: 108.90 - 108.30 - 107.90
Gold fell yesterday, as we expected, after touching the upper border of the bullish classic channel on the hourly timeframe, which is compatible with the resistance level of 1478. We are currently waiting for a positive price behavior at the lower border of the channel to buy again.
Resistance: 1495 - 1515 - 1540
Support: 1445 - 1430 - 1420
Oil rose yesterday and breached the resistance level of 58.80, which turned into a support level. In the event of stability above it, oil price will target the level of 62.50, and if it is broken, the target will be 53.75.
Resistance 62.50 - 65.00 - 68.00
Support: 58.81 - 53.75 - 51.45