GBP/USD Falls, Oil Continues To Gain
Panayiotis Miltiadous | May 21, 2015 06:10AM ET
AUD/USD
Market Scenario 1: Long positions above 0.7889 with target at 0.7918.
Market Scenario 2: Short positions below 0.7889 with target at 0.7844.
Comment: The pair struggles to break pivot point 0.7889.
Supports and Resistances:
R3 0.7992
R2 0.7963
R1 0.7918
PP 0.7889
S1 0.7844
S2 0.7815
S3 0.7770
EUR/JPY
Market Scenario 1: Long positions above 134.45 with target at 135.00.
Market Scenario 2: Short positions below 134.06 with target at 133.51.
Comment: The pair weakened and currently trades below pivot point 134.45.
Supports and Resistances:
R3 135.94
R2 135.39
R1 135.00
PP 134.45
S1 134.06
S2 133.51
S3 133.12
EUR/USD
Market Scenario 1: Long positions above 1.1103 with target at 1.1145.
Market Scenario 2: Short positions below 1.1055 with target at 1.1013.
Comment: The pair is giving away initial gains on Thursday and goes back to 1.1100 level.
Supports and Resistances:
R3 1.1235
R2 1.1193
R1 1.1145
PP 1.1103
S1 1.1055
S2 1.1013
S3 1.0965
GBP/JPY
Market Scenario 1: Long positions above 188.04 with target at 189.00.
Market Scenario 2: Short positions below 187.48 with target at 186.52.
Comment: The pair declines ahead of UK retail sales.
Get The News You Want
Supports and Resistances:
R3 190.52
R2 189.56
R1 189.00
PP 188.04
S1 187.48
S2 186.52
S3 185.96
GBP/USD
Market Scenario 1: Long positions above 1.5531 with target at 1.5591.
Market Scenario 2: Short positions below 1.5531 with target at 1.5476.
Comment: The pair falls into losses near 1.5530 level.
Supports and Resistances:
R3 1.5706
R2 1.5646
R1 1.5591
PP 1.5531
S1 1.5476
S2 1.5416
S3 1.5361
USD/JPY
Market Scenario 1: Long positions above 121.12 with target at 121.65.
Market Scenario 2: Short positions below 120.76 with target at 120.23.
Comment: The pair has a bearish tone and trades below 121.00 level.
Supports and Resistances:
R3 122.54
R2 122.01
R1 121.65
PP 121.12
S1 120.76
S2 120.23
S3 119.87
GOLD
Market Scenario 1: Long positions above 1214.10 with target at 1218.90.
Market Scenario 2: Short positions below 1208.40 with target at 1203.60.
Comment: Gold prices try to stay steady above 1200.00 level.
Supports and Resistances:
R3 1224.60
R2 1218.90
R1 1214.10
PP 1208.40
S1 1203.60
S2 1197.90
S3 1193.10
CRUDE OIL
Market Scenario 1: Long positions above 59.57 with target at 60.11.
Market Scenario 2: Short positions below 59.17 with target at 58.63.
Comment: Crude oil prices continue to gain above 59.00 level.
Supports and Resistances:
R3 60.11
R2 59.57
R1 59.17
PP 58.63
S1 58.23
S2 57.69
S3 57.29
USD/RUB
Market Scenario 1: Long positions above 49.173 with target at 49.577.
Market Scenario 2: Short positions below 48.779 with target at 48.375.
Comment: The pair finds difficulties to break the resistance level 49.173.
Supports and Resistances:
R3 50.375
R2 49.577
R1 49.173
PP 48.779
S1 48.375
S2 47.981
S3 47.183
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.