EURUSD

The
EURUSD is still moving in a downside direction on the hourly interval after
breaking the head and shoulders pattern and breaking the level of 1.1088, as we
expected yesterday. It is likely that it will target the price level of 1.0990
during the coming hours.

Resistance
levels: 1.1250 – 1.1300 – 1.1350

Support
levels: 1.0990 – 1.0940 – 1.0850

Trend:
Bearish

 

GBPUSD

The
GBPUSD is moving in an upside direction on the hourly timeframe, forming a triangle
pattern, as shown in the following image. It is likely that it will target the
1.3500 price level in the coming days.

Resistance
1.3500 -1.3600 – 1.3650

Support:
1.2270 – 1.2250 – 1.2200

Direction:
Bullish

 

USDJPY

The
USDJPY is moving in an upside direction over the one-hour timeframe and it is expected
to start a downside correction until the price level of 108.40, where from it
we can buy again.

Resistance
109.70 – 110.00 – 110.50

Support:
108.40 – 107.50 – 107.00

Trend:
Bullish

 

Gold

Gold
is moving in a bullish direction over the hourly timeframe. It is preferable to
wait until the price reaches the level of 1520 to buy again.
Gold targets the 1582 level as a first
objective.

Resistance:
1600 – 1625 – 1650

Support
1513 – 1500 – 1480

Trend:
Bullish

 

Oil

Oil
is currently moving in a bearish direction over the one-hour timeframe after
breaking the classical ascending channel. It is likely that the price will target
the level of 53.75 within hours.

Resistance
62.50 – 65.00 – 68.00

Support:
53.75 – 51.45 – 50.00

Trend: Bearish


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