EUR/USD To Drop, GBP/USD Weak
Panayiotis Miltiadous | May 26, 2015 06:44AM ET
AUD/USD
Market Scenario 1: Long positions above 0.7821 with target at 0.7857.
Market Scenario 2: Short positions below 0.7803 with target at 0.7767.
Comment: The pair risks unwinding of short positions, but a rebound in US data ahead might fuel further weakness in the pair.
Supports and Resistances:
R3 0.7875
R2 0.7857
R1 0.7839
PP 0.7821
S1 0.7803
S2 0.7785
S3 0.7767
EUR/JPY
Market Scenario 1: Long positions above 133.74 with target at 134.32.
Market Scenario 2: Short positions below 133.49 with target at 132.91.
Comment: The pair jumped and found resistance at 133.74.
Supports and Resistances:
R3 134.32
R2 134.07
R1 133.74
PP 133.49
S1 133.16
S2 132.91
S3 132.58
EUR/USD
Market Scenario 1: Long positions above 1.0930 with target at 1.0982.
Market Scenario 2: Short positions below 1.0878 with target at 1.0826.
Comment: The pair is expected to drop below 1.0900 and might reach 1.0846, according to analysts.
Supports and Resistances:
R3 1.1086
R2 1.1034
R1 1.1006
PP 1.0982
S1 1.0954
S2 1.0930
S3 1.0878
S4 1.0826
GBP/JPY
Market Scenario 1: Long positions above 188.93 with target at 189.74.
Market Scenario 2: Short positions below 188.50 with target at 188.12.
Comment: The pair advanced and now faces resistance level 188.93.
Supports and Resistances:
R4 190.55
R3 189.74
R2 188.93
R1 188.50
PP 188.12
S1 187.69
S2 187.31
S3 186.51
Get The News You Want
GBP/USD
Market Scenario 1: Long positions above 1.5425 with target at 1.5479.
Market Scenario 2: Short positions below 1.5372 with target at 1.5318.
Comment: The pair’s weakness is probably leading it to break below 1.5400 level.
Supports and Resistances:
R3 1.5586
R2 1.5532
R1 1.5503
PP 1.5479
S1 1.5449
S2 1.5425
S3 1.5372
S4 1.5318
USD/JPY
Market Scenario 1: Long positions above 122.29 with target at 122.64.
Market Scenario 2: Short positions below 122.29 with target at 121.93.
Comment: The pair rose higher near to 122.60 as fresh bids entered once the pair breached the March 2015 high of 122.00.
Supports and Resistances:
R4 122.64
R3 122.29
R2 121.93
R1 121.74
PP 121.58
S1 121.39
S2 121.22
S3 120.87
GOLD
Market Scenario 1: Long positions above 1199.69 with target at 1203.24.
Market Scenario 2: Short positions below 1193.20 with target at 1186.71.
Comment: Gold prices go back under 1200.00 level as dollar strength weighs.
Supports and Resistances:
R3 1219.16
R2 1212.67
R1 1209.73
PP 1206.18
S1 1203.24
S2 1199.69
S3 1193.20
S4 1186.71
CRUDE OIL
Market Scenario 1: Long positions above 59.72 with target at 60.35.
Market Scenario 2: Short positions below 59.20 with target at 58.57.
Comment: Crude oil markets were supported by a reported decline in U.S. production and crude oil inventories last week, but prices failed to re-test the highs set earlier in the month, analysts said.
Supports and Resistances:
R3 61.50
R2 60.87
R1 60.35
PP 59.72
S1 59.20
S2 58.57
S3 58.05
USD/RUB
Market Scenario 1: Long positions above 49.563 with target at 50.049.
Market Scenario 2: Short positions below 48.934 with target at 48.449.
Comment: The pair advanced and trades above 49.200 level.
Supports and Resistances:
R3 51.164
R2 50.049
R1 49.563
PP 48.934
S1 48.449
S2 47.820
S3 46.705
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.