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• EURUSD

The pair managed to reach our weekly resistance level at 1.1850 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 1.1800 during the day.

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• GBPUSD

Update: The pair reaches its first target at 1.3322. As we can see on the daily chart that the pair is traded above an uptrend line shown on the chart in red. The price of the pair may continue going up to reach the level of 1.3122 followed by 1.3450 during the week. This is conditioned by the continuation of trading above the uptrend line.

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• GOLD

Update: The pair reached its first target 1290. As could be seen on the chart above that the pair is traded above an uptrend line shown on the chart in red along with a strong support level that could be found at 1260 so we remain bullish as long as the pair is traded above those levels. Our targets: 1290 – 1300.

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• AUDUSD

Update: we remain bearish. The pair managed to form a head and shoulders patter shown on the chart above and it also managed to break through the nick line of the pattern so this has opened the door for the pair for further downward movement that it may reach the level of 0.7500 followed by 0.7400.

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• GBPJPY

Update: We remain the same. The pair managed to form a bullish harmonic pattern that it may go down to reach the uptrend line shown on the chart that is where we can go long (PRZ) so we will be waiting for the pair to reach that level. Breaching the level of 148 can open the door for further downward movement that the pair can reach the uptrend line shown on the chart in red.

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