We expect the bearishness of the EURUSD to settle around 1.1300 and stability below the mentioned level may be the reason for the extension in the downside.
There is an increase in bearish forces, and trading below the moving averages is also supportive of negativity. We expect attempts to fall towards 1.1200 as the first target, as a breach of 1.1350 will make us concerned about these negative [...]
GBPUSD remains positive, and the pair is now stabilizing around 1.3215. We will maintain our positive outlook for the pair targeting 1.3300 and stability above this level is important to confirm the bullish trend.
Technical indicators supporting the pair continue to rise, knowing the break of the 1.3150 price will be a reason to thwart any attempt to rise.
Support: 1.3030 - 1.3120
The USDCHF continues to trade negatively and settles around 0.9940, stability below this level is considered negative. We expect an extension in the bearish direction, and all we need today is a break of 0.9860 to confirm the extension of the bearish trend. From the top, a breach of 0.9980 will make us concerned about these negative outlooks.
The USD / JPY pair continues to decline, settling around 110.00. The downside may occur today, but the extension of the downside move will depend on the pair's ability to breach the 109.00 level, breaching 110.50 may negate any attempt to lower the pair.
The pair is trending below 110.00 targeting 109.00 as long as stability remains below 110.50
The price of gold continues to rise and is now settling around 1313.00. Any trading above this level should be considered positive. The bullish wave of gold continues to breach the psychological barrier 1323.00, but we confirm that this requires stability of trading above 1308.00
Price Trend: Up above 1313.00 targeting 1323.00 with no break of 1308.00