GBPUSD: The pair continues to retain its upside pressure leaving risk of more strength on the cards in the days ahead. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level...
25.07.2018 XAUUSD (1224.17): Gold prices were seen trading subdued as price action continues to remain support above the 1219 level. We expect to see this sideways pattern continue ahead of a potential breakout. To the upside, the resistance level at 1247 – 1242 remains a prime target...
24.07.2018 USD/JPY (111.30): The USDJPY currency pair extended losses as price action was seen trading near the support region of 111.13 – 110.85. The consolidation at this level could see the declines continuing to extend lower...
Pivot (invalidation): 7600 Our preference Long positions above 7600 with targets at 7900 & 8020 in extension. Alternative scenario Below 7600 look for further downside with 7435 & 7230 as targets...
Pivot (invalidation): 68.30 Our preference Short positions below 68.30 with targets at 67.40 & 67.00 in extension. Alternative scenario Above 68.30 look for further upside with 68.85 & 69.30 as targets...
The US dollar is declining on Tuesday. Nevertheless, so far this reduction should be regarded as correctional. The different focus of monetary policy of central banks in the US and Australia will be the main most important long-term factor in favor of weakening the AUD / USD pair...
USDJPY: The pair rejected lower prices to close flat on Monday leaving risk of a move higher on the cards. On the downside, support lies at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110...
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Pivot (invalidation): 7370 Our preference Long positions above 7370 with targets at 7700 & 7900 in extension. Alternative scenario Below 7370 look for further downside with 7230 & 7035 as targets...
Pivot (invalidation): 67.70 Our preference Long positions above 67.70 with targets at 68.90 & 69.15 in extension. Alternative scenario Below 67.70 look for further downside with 67.20 & 66.60 as targets...
Pivot (invalidation): 15.3700 Our preference Long positions above 15.3700 with targets at 15.6200 & 15.7200 in extension. Alternative scenario Below 15.3700 look for further downside with 15.3000 & 15.2200 as targets...
Pivot (invalidation): 1226.00 Our preference Long positions above 1226.00 with targets at 1238.00 & 1241.00 in extension. Alternative scenario Below 1226.00 look for further downside with 1221.00 & 1215.50 as targets...
Pivot (invalidation): 1.1650 Our preference Short positions below 1.1650 with targets at 1.1620 & 1.1600 in extension. Alternative scenario Above 1.1650 look for further upside with 1.1665 & 1.1680 as targets...
Pivot (invalidation): 0.8945 Our preference Short positions below 0.8945 with targets at 0.8920 & 0.8900 in extension. Alternative scenario Above 0.8945 look for further upside with 0.8960 & 0.8980 as targets...
Pivot (invalidation): 0.7400 Our preference Long positions above 0.7400 with targets at 0.7440 & 0.7455 in extension. Alternative scenario Below 0.7400 look for further downside with 0.7375 & 0.7350 as targets...
Pivot (invalidation): 1.3165 Our preference Short positions below 1.3165 with targets at 1.3105 & 1.3065 in extension. Alternative scenario Above 1.3165 look for further upside with 1.3200 & 1.3230 as targets...
Pivot (invalidation): 0.9950 Our preference Short positions below 0.9950 with targets at 0.9890 & 0.9870 in extension. Alternative scenario Above 0.9950 look for further upside with 0.9975 & 1.0005 as targets...
Pivot (invalidation): 111.60 Our preference Short positions below 111.60 with targets at 110.60 & 110.20 in extension. Alternative scenario Above 111.60 look for further upside with 112.15 & 112.50 as targets...
Pivot (invalidation): 1.3095 Our preference Long positions above 1.3095 with targets at 1.3180 & 1.3215 in extension. Alternative scenario Below 1.3095 look for further downside with 1.3050 & 1.3000 as targets...