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GBPUSD Weakens Towards Key Support
 
GBPUSD weakens towards key support located at 1.2439/00 levels. Support comes in at 1.2350 with a turn below that level shifting focus to the 1.2300 level. Further down, support resides at the 1.2250 level where a break will turn attention to the 1.2200 level. Further down, support lies at the 1.2150 level. On the upside, resistance stands at the 1.2500 with a turn above here allowing for additional strength to build up towards the 1.2550 level. Further out, resistance stands at the 1.2600 level followed by the 1.2650 level. On the whole, GBPUSD retains its downside pressure short term.
 
GBPUSD%202052.png
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CRUDE OIL Corrective Pullback Mode Remains 
 
CRUDE OIL corrective pullback mode remains as more decline is likely in the days ahead. Support lies at the 56.50 level where a break will expose the 56.00 level. A cut through here will set the stage for a run at the 55.50 level. Further down, support comes in at the 55.00 level. Its daily RSI is a bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 57.50 levels. Further out, resistance comes in at the 58.00 level. A break above here will aim at the 58.50 level and then the 59.00 level followed by the 59.50.00 level. All in all, CRUDE OIL remains biased to the downside nearer term on pullback.
 
CRUDE%20OIL%202019.png
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EURUSD Consolidates With Downside Threats
 
EURUSD consolidates with downside bias as it retains its broader medium term trend. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its weekly RSI is bearish and pointing lower suggesting more weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD expects more weakness to occur in the days ahead. 
 
EURUSD%202018c.png
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GOLD Backs Off Higher Prices On Pullback
 
GOLD may be biased to the upside in the medium term but faces pullback risk after rejecting higher prices on Friday. On the downside, support comes in at the 1,420.00 level where a break will turn attention to the 1,410.00 level. Further down, a cut through here will open the door for a move lower towards the 1,400.00 level. Below here if seen could trigger further downside pressure targeting the 1,390.00 level. Conversely, resistance resides at the 1,430.00 level. Further out, resistance resides at the 1,440.00 level where a break will aim at the 1,450.00 level. A turn above there will expose the 1,460.00 level. Further out, resistance stands at the 1,470.00 level. All in all, GOLD looks to strengthen further in the short term.
 
 
GOLD%202022c.png
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GBPJPY Bear Pressure Remains Towards 133.84
 
GBPJPY bear pressure remains towards 133.84 support zone as we expect more weakness. On the downside, support comes in at the 134.00 level where a violation will aim at the 133.50 level. A break below here will target the 133.00 level followed by the 132.50 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 135.00 level followed by the 135.50 level. A cut through that level will set the stage for a move further higher towards the 136.00 level. Further out, resistance resides at the 136.50 level. All in all, GBPJPY remains biased to the downside nearer term.
 
 
GBPUSD%202019f.png
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EURUSD threatens further bearishness as we look for more decline in the new week. Support comes in at the 1.1100 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for further upside towards the 1.1.1200 level. Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EURUSD expects more weakness to occur in the new week. 
 
 
EURUSD%202018p.png
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EURUSD Targets Immediate Resistance At 1.1161 Level
 
EURUSD targets immediate resistance at 1.1161 level as we enter the new week. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level. A break below here will target the 1.0950 level. Further down, support sits at the 1.0900. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for further upside towards the 1.1.1200 level. Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EURUSD expects more recovery in the new week.
 
 
EURUSD%202019e.png
 
 
 
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USDCAD Strengthens  On Further Price Rally 
 
USDCAD strengthens on further price rally following its Tuesday gain. This development leaves risk of more gain on the cards. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. Further down, support comes in at the 1.3150 level. Conversely, resistance lies at the 1.3350 level where a violation will target the 1.3400 level. Further up, resistance resides at the 1.3450 level and then the 1.3500 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. All in all, USDCAD looks to recover further higher.
 
USDCAD%202020.png
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EURUSD Breaks Down Below Consolidation Range
 
EURUSD breaks down below consolidation range as it eyes further weakness. Further down, support comes in at the 1.1100 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1200 level with a break through there opening the door for further upside towards the 1.1.1250 level. Further up, resistance comes in at the 1.1300 level where a violation will expose the 1.1350 level. All in all, EURUSD looks to weaken further on bear pressure.
 
 
 
EURUSD%202018p.png
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EURJPY Remains Vulnerable With Eyes On Further Weakness
 
EURJPY remains vulnerable with eyes on further weakness. On the downside, support comes in at the 117.50 level where a break if it occurs aiming at the 117.00 level. A break through here will turn focus to the 116.50 level and possibly lower towards the 116.00 level. Its daily RSI bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 118.50 level. Further out, we envisage a possible move towards the 119.00 level. Further out, resistance resides at the 119.50 level with a turn above here aiming at the 120.00 level. On the whole, EURJPY retains its downside pressure in the medium term.
 
 
EURJPY%202021b.png
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USDCHF Bounces Off Lower Prices On Correction.
 
USDCHF bounces off lower prices on correction the past week. This has opened the door for more gain in the new week. Resistance resides at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900 level. Further out, resistance comes in at the 0.9950 level. On the downside, support is seen at the 0.9750 level with a turn below here opening the door for more decline towards the 0.9700 level. And then the 0.9650 level. Further down, support resides at the 0.9600 level. All in all, USDCHF remains biased to the upside on further corrective strength.
 
 
USDCHF%20NEW%202018o.png
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EURUSD Looks To Recapture The 1. 1026 Support Zone
 
EURUSD looks to recapture the 1.1026 support zone as it retains its broader weakness. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.0950. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for further upside towards the 1.1.1200 level. Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EURUSD expects more weakness to occur in the days ahead.
 
EURUSD%202020c.png 
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USDJPY Recovers With Eyes On 107.21 Resistance Zone
 
USDJPY recovers with eyes on 107.21 resistance zone. This is coming on the back of its Monday gain. On the upside, resistance comes in at 107.00 level. Above this level will turn attention to the 107.50 level. Further out, we expect a possible move towards the 108.00 level. A cut through here will open the door for more gain towards the 108.50. On the downside, support comes in at the 106.00 level where a break will target the 105.50 level. Below that level will turn focus to the 105.00 level and then lower towards the 104.50 level. On the whole, USDJPY faces further upside pressure.
 
 
USDJPY%202018c.png
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USDCAD Rejects Lower Prices With Eyes On 1.3400 Level
 
USDCAD rejects lower prices with eyes on 1.3400 level as it retains its medium term uptrend. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. Further down, support comes in at the 1.3150 level. Conversely, resistance lies at the 1.3350 level where a violation will target the 1.3400 level. Further up, resistance resides at the 1.3450 level and then the 1.3500 level. All in all, USDCAD looks to recover further higher medium term.
 
USDCAD%202019r.png
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GBPUSD Bullish Strength Leaves Risk Towards 1.2381 Level
 
GBPUSD bullish strength leaves risk towards 1.2381 level following its rally on Thursday. Support lies at 1.2200 with a turn below that level turning attention to the 1.2150 level. Further down, support resides at the 1.2100 level where a break will turn attention to the 1.2050 level. Further down, support lies at the 1.2000 level. On the upside, resistance stands at the 1.2300 with a turn above here allowing for additional strength to build up towards the 1.2350 level. Further out, resistance stands at the 1.2400 level followed by the 1.2450 level. On the whole, GBPUSD retains its corrective upside pressure
 
 
GBPUSD%202020s.png
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USDCHF Weakens On Strong Sell-off
 
USDCHF weakens on strong sell-off following its intra day price rejection on Friday. Resistance comes in at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900 level. Further out, resistance stands at the 1.0000 level. On the downside, support is located at the 0.9700 level with a turn below here opening the door for more decline towards the 0.9650 level. And then the 0.9600 level. Further down, support comes in at the 0.9600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on further weakness.
 
 
USDCHF%20NEW%202018b.png
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GOLD Further Bull Pressure Is Envisaged
 
GOLD further bull pressure is envisaged as we look for price extension. On the downside, support comes in at the 1,520.00 level where a break will turn attention to the 1,510.00 level. Further down, a cut through here will open the door for a move lower towards the 1,500.00 level. Below here if seen could trigger further downside pressure targeting the 1,490.00 level. Conversely, resistance resides at the 1,530.00 level. Further out, resistance resides at the 1,540.00 level where a break will aim at the 1,550.00 level. A turn above there will expose the 1,560.00 level. Further out, resistance stands at the 1,570.00 level. All in all, GOLD looks to strengthen further in the new week.
 
 
GOLD%202022b.png 
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USDCAD Bear Pressure Sets Up To Extend Further
 
USDCAD bear pressure sets up to extend further following its Friday losses. Support lies at the 1.3200 level where a violation will aim at the 1.3150 level. Further down, support comes in at the 1.3100 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3050 level. Its daily RSI remains vulnerable to the downside suggesting more decline. Conversely, resistance stands at the 1.3300 level where a break will target the 1.3350 level. Further up, resistance resides at the 1.3400 level and then the 1.3450 level. All in all, USDCAD looks to weaken further in the days ahead.
 
USDCAD%202019ff.png 
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EURUSD Risk Turns Lower Towards 1.1051/26 Support Zone
 
EURUSD risk turns lower towards 1.1051/25 support zone as it retains downside pressure. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level. A break below here will target the 1.0950 level. Further down, support sits at the 1.0900. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1150 level with a violation of there opening the door for further gain towards the 1.1200 level. Further up, resistance lies at the 1.1250 level. A cut through that level will clear the way for a move towards  the 1.1300 level. All in all, EURUSD expects more weakness in the days ahead.
 
EURUSD%202015ca.png
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USDJPY Risk Builds Up On 106.97 Resistance Area
 
USDJPY risk builds up on 106.97 resistance area as it looks to strengthen further in the days ahead. On the upside, resistance comes in at 106.50 level. Above this level will turn attention to the 107.00 level. Further out, we expect a possible move towards the 107.50 level. A cut through here will open the door for more gain towards the 108.00. On the downside, support comes in at the 105.50 level where a break will target the 105.00 level. Below that level will turn focus to the 104.50 level and then lower towards the 104.00 level. On the whole, USDJPY faces further upside pressure.
 
 
 
USDJPY%202018cc.png
 
 
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