EURUSD
The
EURUSD is moving in a bearish direction on the hourly interval, yet the pair is
expected to drop from the current levels until the price level of 1.0650.
Resistance
levels: 1.1050 - 1.1000 - 1.0900
Support
levels: 1.0800 - 1.0750 - 1.0700
Trend:
Bearish
GBPUSD
The
GBPUSD pair is moving in a bearish direction on the one-hour timeframe, forming
a classic descending channel. It is likely that the pair will rise to the level
of 1.3100 as it bounces from the lower bound of the descending classic channel.
Resistance
1.3000 -1.3200 - 1.3350
Support:
1.2270 - 1.2250 - 1.2200
Direction:
Bearish
USDJPY
The
USDJPY pair is moving in an upside direction on the hourly interval. The price
bounced from the resistance level of 112.00, while it may find support at the
price level of 110.00.
Resistance
112.00 - 112.50 - 113.00
Support:
110.00 - 109.50 - 108.40
Trend:
Bullish
Gold
Gold
is moving in a bullish direction on the one-hour timeframe, as shown in the
following image. Gold is now having a strong support at 1625.
Resistance:
1675 - 1700 - 1750
Support
1650 - 1600 - 1550
Trend:
Bullish
Oil
Oil
is moving in a bearish direction on the hourly interval, as shown in the
following image, after it terraced the target of 49.00 that we mentioned
yesterday. We expect more decline, but the best area to sell from is 50.00.
Resistance
50.00- 52.50-55.50
Support:
45.00 - 42.00 - 40.00
Trend: Bearish