GOLD, EUR/USD, GBP/USD, USD/JPY overview
Hi traders, let's look at the charts ;-)
GOLD
Hourly Chart:
Res2: 1235.28
Res1: 1228.97
Pivot: 1217.57
Sup1: 1211.26
Sup2: 1199.86
Comments: I will try to open a smaller short position around 1227 levels (test of historical trendline)
EUR/USD
Hourly Chart:
Res2: 1.1900
Res1: 1.1871
Pivot: 1.1817
Sup1: 1.1787
Sup2: 1.1733
Comments: EUR is trying to pretend that the territory below 1.18 was just a small affair, so we'll see how long it bears will allow ;-)
GBP/USD
Hourly Chart:
Res2: 1.5234
Res1: 1.5195
Pivot: 1.5136
Sup1: 1.5098
Sup2: 1.5038
Comments: Cable returns to the decreasing tunnel, but in this market sentiment its way will not be easy. The first more serious obstacle could be the zone around 38.2% Fibo.
USD/JPY
Hourly Chart:
Res2: 120.39
Res1: 119.44
Pivot: 118.93
Sup1: 117.99
Sup2: 117.48
Comments: As you can see USD/JPY broke the lower trendline and I hope to see confirmation of this break and further decline. But beware of overly optimistic targets, the golden ratio is close...
Lots of green pips ;-)
Hi traders, let's look at the charts ;-)
GOLD
Hourly Chart:
Res2: 1235.28
Res1: 1228.97
Pivot: 1217.57
Sup1: 1211.26
Sup2: 1199.86
Comments: I will try to open a smaller short position around 1227 levels (test of historical trendline)
EUR/USD
Hourly Chart:
Res2: 1.1900
Res1: 1.1871
Pivot: 1.1817
Sup1: 1.1787
Sup2: 1.1733
Comments: EUR is trying to pretend that the territory below 1.18 was just a small affair, so we'll see how long it bears will allow ;-)
GBP/USD
Hourly Chart:
Res2: 1.5234
Res1: 1.5195
Pivot: 1.5136
Sup1: 1.5098
Sup2: 1.5038
Comments: Cable returns to the decreasing tunnel, but in this market sentiment its way will not be easy. The first more serious obstacle could be the zone around 38.2% Fibo.
USD/JPY
Hourly Chart:
Res2: 120.39
Res1: 119.44
Pivot: 118.93
Sup1: 117.99
Sup2: 117.48
Comments: As you can see USD/JPY broke the lower trendline and I hope to see confirmation of this break and further decline. But beware of overly optimistic targets, the golden ratio is close...
Lots of green pips ;-)
