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EURUSD: Pressure Builds Up On 1.0909 Level

EURUSD: The pair sold off the past week, opening the door for more weakness to occur. Support lies at the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level. Its weekly RSI is bearish and pointing

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USDJPY: Sets Up To Correct Lower On Price Rejection

USDJPY: After the pair rejected higher prices to close lower on Thursday , it faces the risk of a move lower. On the downside, support comes in at the 103.00 level where a break if seen will aim at the 102.50 level. A cut through here will turn focus to the 102.00 level and possibly lower towards

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GBPUSD: Broader Bias Remains Lower Medium Term

GBPUSD: Despite its price hesitation on Wednesday , further weakness is likely. On the downside, support lies at the 1.2150 level where a break will turn attention to the 1.2100 level. Further down, support lies at the 1.2050 level. Below here will set the stage for more weakness towards the

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GOLD Looks To Extend Weakness On Bear Threats

GOLD: The commodity continues to face downside pressure on pullbacks. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. Below here if

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USDJPY: Bullish, Maintains Recovery Tone

USDJPY: The pair remains on the offensive as it looks to resume that strength after its one-day correction. On the downside, support comes in at the 103.00 level where a break if seen will aim at the 102.50 level. A cut through here will turn focus to the 102.00 level and possibly lower towards the

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GBPUSD: Vulnerable To The Downside But With Warning

GBPUSD: With the pair extending its weakness the past week, further weakness is likely. However, a recovery could be seen in the new week after taking back some of those losses the past week. On the downside, support lies at the 1.2400 level where a break will turn attention to the 1.2350 level

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GOLD Remains Vulnerable But With Caution

GOLD: The commodity continues to face downside pressure but with a rejection candle printed on Friday , a recovery risk cannot be ruled out. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open

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EURUSD Eyes Recovery Within Consolidation Range

EURUSD: The pair continues to face consolidation risk though looking to recover higher. Support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. Conversely, on the upside, resistance

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USDCHF Sees Upside Pressure With Broader Range

USDCHF: The pair retains its upside bias closing higher the past week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break

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GBPUSD: Risk Turns Lower Towards The 1.2600 Zone

GBPUSD: With the pair taking back its Wednesday gains to weaken further on Thursday , further move lower is expected. On the downside, support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support lies at the 1.2500 level. Below here will set the