GBPUSD
Prices are trading in a sideways range between the resistance area at 1.2775 and the support area at 1.2530. It is expected that prices will experience relative calm in price fluctuations, remaining confined within a narrow range, with a slight downward bias.
|
Support |
1.2575 | 1.2540 | 1.2520 | ||
| Resistance | 1.2640 | 1.2670 |
1.2740 |
||
USDJPY
The USD/JPY pair is trading below the 152 level, which is considered a significant resistance. It is expected to limit the pace of the upward corrective movement, causing prices to move sideways in the short term between the aforementioned resistance and the support at 150.50. This scenario would be invalidated by a breakout above the previously mentioned resistance level.
|
Support |
151.30 | 151 | 150.50 | |||
| Resistance | 152 | – | – | |||
GOLD
Gold is trading within a sideways range in the short term, between the resistance zone around $2205 and the support zone around $2140. It is expected that the support zone will be tested in upcoming sessions. However, if prices break above the previously mentioned resistance zone, it could signal a resumption of the medium-term upward trend for gold.
|
Support |
2160 | 2140 | 2120 | |||
| Resistance | 2183 | 2205 |
2222 |
|||
USOIL![USOIL]()
Prices declined in the recent trading sessions after approaching near the $83 level. It is anticipated that prices will move within a sideways range in the short term, fluctuating between the $83 and $80 levels.
|
Support |
80.50 | 80 | 79.5 | |||
| Resistance | 82 | 82.50 |
83 |
|||
DOWJONES
The Dow Jones index breached its previous peak and regained its upward trend in the short term. However, it encountered selling pressure around the $40,000 level, leading to a test of the support zone around $39,300, as anticipated. It is likely that prices will rebound from these levels. Conversely, if the previous support zone is broken downward, we may target the $38,500 level.
|
Support |
39300 | 38800 | 38500 | |||
| Resistance | 40000 | 40350 | – | |||
NASDAQ
Nasdaq index is trading sideways in the short term. If prices break above the $18,500 level, it’s likely to target the $18,800 area. However, if prices break below the $17,850 level, this scenario would be invalidated.
|
Support |
18200 | 18000 | 17850 | |||
| Resistance | 18350 | 18500 |
18800 |
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