EURUSD
The selling pressure persisted, leading to a decline in prices until the lower boundary of the upward channel was breached. Consequently, prices are expected to target the zone around 1.0785. However, this scenario would be invalidated if prices re-enter above 1.0900 once again.
|
Support |
1.0865 | 1.0840 | 1.0800 |
| Resistance | 1.0900 | 1.0950 |
1.0980 |
GBPUSD
![GBPUSD]()
Prices are trading below resistance areas in the $1.2755 range, and in this scenario, we may target the $1.2630 areas. This scenario would be invalidated with a re-entry above the $1.2755 area.
Prices are trading below resistance areas in the $1.2755 range, and in this scenario, we may target the $1.2630 areas. This scenario would be invalidated with a re-entry above the $1.2755 area.|
Support |
1.2700 | 1.2670 | 1.2630 |
| Resistance | 1.2750 | 1.2825 |
1.2895 |
USDJPY
Prices surged rapidly during morning trading sessions, breaking through resistance levels in the range of 149.50 and approaching the area of 150.70. It is anticipated that the USD/JPY pair will encounter selling pressure in this zone, which will dampen the pace of the upward corrective movement.
|
Support |
149.5 | 149.2 | 148.20 |
| Resistance | 150.50 | 150.80 |
– |
GOLD
The price of gold is moving upwards on the medium-term, but it encountered selling pressure around the $2195 level, resulting in a decline in prices. Currently, prices are trading around the support zone of $2140. If this zone is breached to the downside, we may test the support at $2125.
|
Support |
2140 | 2125 | 2100 |
| Resistance | 2160 | 2183 |
2200 |
USOIL
Prices rose after breaking above the $80 resistance level, reaching close to the target of $83. It is expected that there will be pressure in these areas that may force prices to retest the $79.50 – $80.
|
Support |
81 | 79.5 | 77.5 |
| Resistance | 82.50 | 83 |
83.5 |
BTCUSD
Bitcoin is moving in a bullish direction on the medium term; however, it faced strong selling pressure around the $73,300 range, leading to a decline in prices. Currently, prices are trading below the $66,500 level, and if they continue to remain below these levels, we might test the $60,800 area.
|
Support |
63300 | 61000 | – |
| Resistance | 66500 | 69000 |
71500 |
