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• EURUSD

Update: We remain the same. As could be seen on the chart above that the pair is traded within a bearish channel. The pair is traded now above the downside of the channel which means that the pair might go up as long as it is traded above the downside of the channel. Out first target is 1.15.

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• GBPUSD

Update: We remain the same. As could be seen on the chart above that the pair is about to reach a strong resistance level that is located between 1.32 – 1.33. We need some bearish evidence to show up below this area so we can go short targeting the level of 1.29 during the week.

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• GOLD

Update: Still traded above the uptrend line. The chart above shows that the pair is traded above a strong support level that is the uptrend line. We are bullish as long as the pair is traded above it. Out first target is 1310.

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• AUDUSD

Update: Still traded above the downside of the channel. The chart above shows that the pair is traded above a strong support level that is the downside of the bearish channel. This opens the door for further upward movement during the week that it may reach the level of 0.71.

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• GBPJPY

Update: The support level of 143.77 is broken so the pair might continue going down to reach the level of 140. The chart above shows that the pair is traded above a strong support level that is 143.77 so we are bullish as long as the pair is traded above it. Out first target is 148. On the other hand, if the pair breaks the level of 143.77 then the way is open for the pair to reach 140.

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