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Daily Technical Report 7-5-2024

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USDJPY

USDJPY

The prices are trading below the area of $154.70, and it’s likely that this area will limit the upward momentum and we may retest $152.85 again. This scenario is invalidated if $154.70 is breached to the upside.

Support

152.75 152.25 151.65
Resistance 154.8 155.5

GOLD

GOLD

Prices are moving sideways in the short term,  trading expected to be confined between $2315 and $2290 today.

Support

2275 2265 2230
Resistance 2320 2330

2355

USOIL

USOIL

The oil tested the support levels at $77.5, and if it breaks below, we may target $76. However, it’s likely that this area will limit the downward momentum and we might see a rebound back up towards $79.4.

Support

77.8 77.5 76.5
Resistance 79.4 80

80.5

NASDAQ

NASDAQ

The Nasdaq index is trading below the resistance zone at $18,150. If it breaks above that area, we may target $18,400. However, it’s likely that we’ll retest the $17,900 level.

Support

17900 17600 17400
Resistance 18150 18400

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