GBP/USD Jumps, Gold Rebounds
Panayiotis Miltiadous | Jul 23, 2015 08:28AM ET
AUD/USD
Market Scenario 1: Long positions above 0.7391 with targets at 0.7421 and 0.7469.
Market Scenario 2: Short positions below 0.7391 with targets at 0.7343 and 0.7313.
Comment: The pair advanced slightly, but still remains well below its trading average as commodity and commodity currencies decline.
Supports and Resistances:
R3 0.7499
R2 0.7469
R1 0.7421
PP 0.7391
S1 0.7343
S2 0.7313
S3 0.7265
EUR/JPY
Market Scenario 1: Long positions above 135.31 with targets at 135.77 and 136.09.
Market Scenario 2: Short positions below 135.31 with targets at 134.99 and 134.53.
Comment: The pair couldn’t break resistance level 135.77 and now declines.
Supports and Resistances:
R3 136.55
R2 136.09
R1 135.77
PP 135.31
S1 134.99
S2 134.53
S3 134.21
EUR/USD
Market Scenario 1: Long positions above 1.0921 with targets at 1.0973 and 1.1018.
Market Scenario 2: Short positions below 1.0921 with targets at 1.0876 and 1.0824.
Comment: The pair advanced to the area 1.0950/60 near session peaks.
Supports and Resistances:
R3 1.1070
R2 1.1018
R1 1.0973
PP 1.0921
S1 1.0876
S2 1.0824
S3 1.0779
GBP/JPY
Market Scenario 1: Long positions above 193.25 with targets at 194.22 and 194.93.
Market Scenario 2: Short positions below 193.25 with targets at 192.54 and 191.57.
Comment: The pair trades neutral slightly above 193.70 level.
Supports and Resistances:
R3 195.90
R2 194.93
R1 194.22
Get The News You Want
PP 193.25
S1 192.54
S2 191.57
S3 190.86
GBP/USD
Market Scenario 1: Long positions above 1.5600 with targets at 1.5656 and 1.5701.
Market Scenario 2: Short positions below 1.5600 with targets at 1.5555 and 1.5499.
Comment: The pair jumped and tries to surpass resistance level 1.5656.
Supports and Resistances:
R3 1.5757
R2 1.5701
R1 1.5656
PP 1.5600
S1 1.5555
S2 1.5499
S3 1.5454
USD/JPY
Market Scenario 1: Long positions above 123.88 with targets at 124.21 and 124.46.
Market Scenario 2: Short positions below 123.88 with targets at 123.63 and 123.30.
Comment: The pair dropped sharply below pivot point 123.88.
Supports and Resistances:
R3 124.79
R2 124.46
R1 124.21
PP 123.88
S1 123.63
S2 123.30
S3 123.05
GOLD
Market Scenario 1: Long positions above 1093.60 with targets at 1101.70 and 1110.30.
Market Scenario 2: Short positions below 1093.60 with targets at 1085.00 and 1076.90.
Comment: Gold prices made a rebound above resistance level 1101.70.
Supports and Resistances:
R3 1118.40
R2 1110.30
R1 1101.70
PP 1093.60
S1 1085.00
S2 1076.90
S3 1068.30
CRUDE OIL
Market Scenario 1: Long positions above 49.65 with targets at 50.26 and 51.32.
Market Scenario 2: Short positions below 49.65 with targets at 48.59 and 47.98.
Comment: Crude oil prices trade near 49.40 level.
Supports and Resistances:
R3 51.93
R2 51.32
R1 50.26
PP 49.65
S1 48.59
S2 47.98
S3 46.92
USD/RUB
Market Scenario 1: Long positions above 56.325 with targets at 56.963 and 57.281.
Market Scenario 2: Short positions below 56.325 with targets at 56.006 and 55.368.
Comment: The pair trades neutral above pivot point 56.325.
Supports and Resistances:
R3 58.238
R2 57.281
R1 56.963
PP 56.325
S1 56.006
S2 55.368
S3 54.412
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.