EUR/USD
After yesterday’s drop and a test of 1.3780 intermediate support level was made, the single currency managed to close near previous highs and broke even higher reaching as high as 1.3888 so far. With a clear break of 1.3860, and demand at 1.3780, the single currency is expected to resume the uptrend for targets at 1.3905 (11th April high) and next 1.3947 and 1.3970 zone.
On the downside, support is found at 1.3869, 1.3854 and 1.3827 a break below 1.3854 would offer sellers a chance to see 1.3780 zone in case of overbought conditions.
Res: 1.3905, 1.3947, 1.3970, 1.4025
Sup: 1.3869, 1.3854, 1.3827, 1.3780
GBP/USD
Cable was supported yesterday at 1.6805, 5 pips ahead of 1.6800 support level, and managed to reach as high as 1.6900 during yesterday’s session. Remaining on an uptrend many supports are found at 1.6875, 1.6860, 1.6845 and at 1.6822 at the point where the rise started during yesterday’s session. The area of 1.6845-60 might offer sellers a boost if broken. On the other hand upside target is found at 1.7040 (2009 ultimate year high).
Res: 1.6925, 1.6960, 1.7000, 1.7040
Sup: 1.6875, 1.6860, 1.6845, 1.6820
USD/JPY
Resistance at 102.70 managed to hold the pair below and found sellers reaching as low as 102.03 yesterday. Only resistance before 102.70 is found at 102.36 (a 50% Fibo level of 102.77 to 102.03) and if broken a retest of 102.70 will be expected.
Below targets are found below 102.00 at 101.86, 101.50 and 101.20
Res: 102.36, 102.70, 103.00, 103.30
Sup: 102.00, 101.86, 101.50, 101.20
GOLD
Spot Gold found resistance yesterday below 1299 resistance level, it was tested twice and reached as high as 1297. Support level at 1286 was broken for a further test of lower borders at 1276 and even lower towards 1268, 1256.
A break above 1299 would open 1307 intermediate resistance where it is expected to reverse to an uptrend if broken. Another small resistance is found at 1290-92 zone, where couple of peaks appeared today.
Res: 1292, 1299, 1307, 1320
Sup: 1276, 1268, 1256, 1238
After yesterday’s drop and a test of 1.3780 intermediate support level was made, the single currency managed to close near previous highs and broke even higher reaching as high as 1.3888 so far. With a clear break of 1.3860, and demand at 1.3780, the single currency is expected to resume the uptrend for targets at 1.3905 (11th April high) and next 1.3947 and 1.3970 zone.
On the downside, support is found at 1.3869, 1.3854 and 1.3827 a break below 1.3854 would offer sellers a chance to see 1.3780 zone in case of overbought conditions.
Res: 1.3905, 1.3947, 1.3970, 1.4025
Sup: 1.3869, 1.3854, 1.3827, 1.3780
GBP/USD
Cable was supported yesterday at 1.6805, 5 pips ahead of 1.6800 support level, and managed to reach as high as 1.6900 during yesterday’s session. Remaining on an uptrend many supports are found at 1.6875, 1.6860, 1.6845 and at 1.6822 at the point where the rise started during yesterday’s session. The area of 1.6845-60 might offer sellers a boost if broken. On the other hand upside target is found at 1.7040 (2009 ultimate year high).
Res: 1.6925, 1.6960, 1.7000, 1.7040
Sup: 1.6875, 1.6860, 1.6845, 1.6820
USD/JPY
Resistance at 102.70 managed to hold the pair below and found sellers reaching as low as 102.03 yesterday. Only resistance before 102.70 is found at 102.36 (a 50% Fibo level of 102.77 to 102.03) and if broken a retest of 102.70 will be expected.
Below targets are found below 102.00 at 101.86, 101.50 and 101.20
Res: 102.36, 102.70, 103.00, 103.30
Sup: 102.00, 101.86, 101.50, 101.20
GOLD
Spot Gold found resistance yesterday below 1299 resistance level, it was tested twice and reached as high as 1297. Support level at 1286 was broken for a further test of lower borders at 1276 and even lower towards 1268, 1256.
A break above 1299 would open 1307 intermediate resistance where it is expected to reverse to an uptrend if broken. Another small resistance is found at 1290-92 zone, where couple of peaks appeared today.
Res: 1292, 1299, 1307, 1320
Sup: 1276, 1268, 1256, 1238
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