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• EURUSD

Update: The upside of the ascending channel remains solid. So we remain the same as long as the pair is traded below it. Above the current price of the pair we can find two strong resistance levels which are: The upside of the ascending channel and the downtrend line (that acts as a resistance level in our case). It is a good catch if the pair manages to go up again to reach those two levels then if it shows some negative factors, we may go short targeting the level of 1.0800. There are no exact prices to enter the market in this scenario. But rather we have areas that are very bearish (two levels mentioned above). We believe that these levels can take traders’ attention so let’s keep an eye on them and see what will happen?

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• GBPUSD

The pair is traded below the upside of the ascending channel shown on the chart so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.2800 during the week.

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• GOLD

A retest is expected for the level of 1220. As could be seen on the chart above that the pair may continue going up to reach the level of 1220 then a rebound is expected in case it shows some negative factors that it may go down again to reach the level of 1210.

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• AUDUSD

The pair managed to close below the level of 0.7440 (our key level of last week). It is still traded below it and at the same time it is traded above 0.7400. So, the weekly scenario could go this way, we remain bullish as long as the pair is traded above the level of 0.7400.

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• GBPJPY

As we mentioned last week that the pair has been traded below a strong resistance level around 1.3840 and this helped the CAD to gain value against the American Dollar that it reached the level of 1.3600. So we believe that the level of 1.3600 is a good bullish area where we can go long targeting the level of 1.3840 again.