EURUSD
The
EURUSD pair rose and is close to breaching the descending classical channel
pattern. If it settles higher from it, it will likely target 1.1175 price
level.
Resistance
levels: 1.1175 - 1.1210 - 1.1260
Support
levels: 1.1110 - 1.0990 - 1.0940
Direction:
Bearish
GBPUSD
The
GBPUSD broke the support level of 1.3020, which turned into a resistance level.
In the event of a break-up, it might target the level of 1.3500 or the broken
trend line to retest it.
Resistance
1.3500 -1.3600 - 1.3650
Support:
1.2960 - 1.2900 - 1.2850
Direction:
Bearish
USDJPY
The
USDJPY is showing volatility over the one-hour timeframe and is likely to
continue falling until the 108.90 price level, where it may find the first
support levels.
Resistance:
109.70 - 110.00 - 110.50
Support:
108.90 - 108.30 - 107.90
Trend:
Volatile
Gold
Gold
rose strongly and breached the resistance level of 1495, which turned into a
support level. Now, the price is facing resistance level at 1515 and is likely
to drop as a downside correction to the level of 1495.
Resistance:
1515 - 1540 - 1560
Support:
1445 - 1430 - 1420
Trend:
Bullish
Oil
Oil
is moving in an upside direction on the hourly timeframe and the price is close
to the upper border of the bullish classical channel pattern. It is possible to
witness a downside correction until the price level of 58.80.
Resistance
62.50 - 65.00 - 68.00
Support:
58.81 - 53.75 - 51.45
Trend: Bullish