EURUSD
The
EURUSD is still moving in an upside direction on the hourly interval and up
from the head and shoulders pattern. The price has reached the resistance level
that we targeted yesterday, and in the event of its breach, it will target 1.1250.
Resistance
levels: 1.1250 - 1.1300 - 1.1350
Support
levels: 1.0990 - 1.0940 - 1.0850
Trend:
Volatile
GBPUSD
The
GBPUSD is moving in a bearish direction on the hourly timeframe, forming a
wedge pattern, as shown in the following image, and it is likely that it will
target the level of 1.2900.
Resistance
1.3500 -1.3600 - 1.3650
Support:
1.2270 - 1.2250 - 1.2200
Direction:
Bearish
USDJPY
The
USDJPY is moving in an upside direction over the one-hour timeframe and the
price is close to the upper limit of the channel. We should wait for the correction
until the price level of 108.40 to buy again.
Resistance
109.70 - 110.00 - 110.50
Support:
108.40 - 107.50 - 107.00
Trend:
Bullish
Gold
Gold
is moving in a bullish direction over the hourly timeframe. It is preferable to
wait until the price reaches the level of 1513 to buy again. Gold targets the 1582 pursuit level as
a first target.
Resistance:
1600 - 1625 - 1650
Support
1513- 1500 - 1480
Trend:
Bullish
Oil
Oil
is still moving in an upside direction over the one-hour timeframe, as can be
seen from the following image. We expect more bullishness during the coming hours,
provided that it breaches the level of 58.50, which represents a resistance
level close to the price.
Resistance
62.50 - 65.00 - 68.00
Support:
58.81 - 53.75 - 51.45
Trend: Bullish