USDJPY
The USD/JPY pair declined in yesterday’s trading, coming close to the 148.15 support area before bouncing back up. It is likely that prices will move within a sideways range in today’s trading between 149.75 and 148.15. However, if the aforementioned support area is broken to the downside, the downward trend in prices is expected to resume.
|
Support |
149.75 | 148.50 | 148.15 |
| Resistance | 150.75 | 151.50 |
152.60 |
GOLD
Gold has broken above the $2440 level, reaching the resistance area around $2460. If this resistance is broken to the upside, the target could be $2475. However, this scenario would be invalidated if the $2440 support area is broken to the downside.
|
Support |
2440 | 2418 | 2400 |
| Resistance | 2460 | 2475 |
2485 |
USOIL
Oil is trading below the key resistance area at $78.25. If this resistance is broken to the upside, the target could be $79.45. However, it is likely that the mentioned resistance area will limit the upward momentum in today’s trading.
|
Support |
77 | 76.15 | 74.15 |
| Resistance | 78.25 | 78.50 |
79.45 |
