EURUSD Pulls Back With Caution!
As long as 1.2015 resistance holds on a daily closing basis, the EURUSD remains in a pullback mode and further down could be seen towards the 1.1773 levels where rebound is likely, below that level will extend the corrective pullback towards the 1.1727/1/1670 levels, further down sees a free fall to the 1.1477 levels.
On the upside, above 1.12015 will restore the upside momentum and pave the way to the 1.2110 levels ahead of the 1.2210 levels, next resistance comes at the 1.2315 levels.
GBPUSD, Short Term Bullish!
As long as 1.2872/1.2905 support holds on a daily closing basis, the GBPUSD remains bullish with risk towards the 1.3000 levels ahead of the 1.3060 levels, a halt is likely and a reversal may occur from here, but a breakthrough that level will extend gains towards the 1.3111 levels, further upside resistance comes at the 1.3165 levels ahead of the 1.3225 levels.
On the downside, below 1.2872 sees a fall risk below 1.2773 levels towards the 1.2715/1.2615 levels.
USDJPY Sees Limited Gains!
As long as 109.55 support holds on a daily closing basis, the USDJPY remains bullish in short term forecast with risk to the 111.00 levels, a halt is likely and a reversal may occur, however; above that level sees a bullish move to the 111.95 levels, further upside, resistance comes at the 112.67 levels.
On the downside, below 109.55 sees a pullback risk to the 108.63 levels, below 108.63 will restore the downside momentum and open the way to the 108.00/107.20 levels…
XAUUSD Bullish Eyes Further Upside!
As long as 1283/1291/1299 support holds on a daily closing basis the XAUUSD remains bullish with risk to the 1337 levels, further upside will target the 1252 levels ahead of the 1275 levels. Below 1283 sees a pullback risk to the 1258 levels before the next rising. (Note: Minor support 1325)…
WTI Crude Oil Consolidates With Downside Bias!
As long as 47.77 resistance holds on a daily closing basis, the WTI Oil remains on the downside to the 45.80 levels, a halt is likely but a cut would open 44.40 levels, further down, support comes at the 42.60 levels…
On the upside, above 47.77 will target the 49.26 levels, further upside, resistance comes at the 50.30 levels.