The EURUSD is moving in a bearish direction on the hourly interval. The pair has reached the lower bound of the descending classical channel and it is expected to rise to the resistance level of 1.0990, but on condition of stability above 1.0872.
Resistance levels: 1.0990 - 1.1086 - 1.1175
Support levels: 1.0800 - 1.0750 - 1.0700
The GBPUSD pair is moving in a bearish direction on the one-hour timeframe, forming a classic descending channel, where the pair is expected to drop from the level of 1.3100.
Resistance 1.3500 -1.3600 - 1.3650
Support: 1.2270 - 1.2250 - 1.2200
The USDJPY pair is still moving in a bullish direction on the hourly interval. If it remained above the support level of 109.65, it is likely to rise in the coming hours.
Resistance 110.00 - 110.50 - 111.00
Support: 108.40 - 107.50 - 107.00
Gold is moving in a bullish direction on the one-hour timeframe, as shown in the following image. Gold is targeting 1600 price level during the coming hours.
Resistance: 1600 - 1625 - 1650
Support 1550 - 1520 - 1500
Oil is moving in an upside direction over the one-hour timeframe after breaching the classic descending channel. The price is expected to rise until the resistance level of 54.75 during the coming hours.
Resistance 54.75 - 62.50 - 65.00
Support: 51.45 - 50.00 – 45.00