05 August 2020

US ISM Non-Manufacturing PMI: Wednesday, 14:00. The services sector showed strong expansion in June, with a reading of 57.1. The July forecast stands at a respectable 55.0.

USD

US ISM Non-Manufacturing PMI

  • EURUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.1900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1805.

Resistance levels: Support levels: Recommended:
▪ 1.1970
▪ 1.1950
▪ 1.1900
▪ 1.1805
▪ 1.1780
▪ 1.1755
We are bearish as long as the pair is trading below the level of 1.1900.
  • GBPUSD

The chart above shows that the pair is trading below the level of 1.3170. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3090.

Resistance levels: Support levels: Recommended:
▪ 1.3233
▪ 1.3200
▪ 1.3170
▪ 1.3090
▪ 1.3050
▪ 1.3000
We are bearish as long as the pair is trading below the level of 1.3170.
  • GOLD

The chart above shows that the pair is trading above a strong support level that is 2000. Therefore, we are bullish as long as the pair is trading above it. Our first target is 2070.

Resistance levels: Support levels: Recommended:
▪ 2100
▪ 2090
▪ 2070
▪ 2000
▪ 1980
▪ 1975
We are bullish as long as the pair is trading above the level of 2000.
  • AUDUSD

As could be seen on the chart above that the pair is trading above the level of 0.7100. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7250.

Resistance levels: Support levels: Recommended:
▪ 0.7300
▪ 0.7250
▪ 0.7230
▪ 0.7100
▪ 0.7050
▪ 0.7010
We are bullish as long as the pair is trading above the level of 0.7100.
  • GBPJPY

As could be seen on the chart above that the pair is trading below the level of 139.70. Therefore, we are bearish as long as the pair is trading below it. Our first target is 138.20.

Resistance levels: Support levels: Recommended:
▪ 140.00
▪ 139.70
▪ 139.55
▪ 138.20
▪ 138.00
▪ 137.60
We are bearish as long as the pair is trading below the level of 139.70.

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