Nothing important for today.
- EURUSD
The daily timeframe shows that the pair is traded above a strong support level that is 1.1217. Therefore, we are bullish as long as the pair is traded above this level. Our first target is: 1.15.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.21 ▪ 1.1850 ▪ 1.18 |
▪ – ▪ 1.1217 ▪ 1.10 |
We are bullish as long as the pair is traded above the level of 1.1217 |
- GBPUSD
We are not able to find any place where we can enter the market. So, we will be waiting for the pair to reach the support level of 1.2730 – 1.27 (where we can look for some bullish evidence).
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.36 ▪ 1.33 ▪ 1.32 |
▪ 1.2730 ▪ 1.27 ▪ 1.26 |
Waiting for the pair to reach the area located between 1.2730 – 1.27. |
- GOLD
As could be seen on the 4 hour-chart that the pair is traded within a descending channel and to be accurate, just right below the upside of the channel which suggests that the pair might go down targeting the level of 1298 during the week.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1330 ▪ 1310 |
▪ 1298 ▪ 1180 ▪ 1170 |
We are bearish as long as the pair is traded below the upside of the channel. |
- AUDUSD
As could be seen on the daily timeframe that the pair is traded above a strong support level that is 0.70 so we are bullish as long as the pair is traded above it. Our first target is: 0.73.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.7550 ▪ 0.7600 ▪ 0.7260 |
▪ 0.7000 ▪ – ▪ – |
We are bullish as long as the pair is traded above the level of 0.70. |
- GBPJPY
As could be seen on the daily timeframe that the pair is forming a head and shoulders pattern. The 2nd shoulder is being formed so we will be waiting for the pair to confirm the validity of the pattern by the breakout of the neck-line.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 156 ▪ 155 ▪ 144 |
▪ 140 ▪ 139 ▪ 138 |
Waiting for the breakout of the neck-line. |
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