EUR/USD technical analysis
The pair was unable to maintain the support level of 1.1240 and broke it, so we expect it to target the level of 1.1150. If the pair succeeds in rising above the 1.1240 barrier, it may complete the rise to 1.1355 levels.
GBP/USD technical analysis
This pair retreated yesterday and broke the support of 1.2500, reaching 1.24 levels, and we expect the declines to continue and target 1.2360 - 1.2300.
Resistance levels: 1.2500 - 1.2550.
USD/JPY technical analysis
The pair retreated to the support level of 106.70, succeeded in maintaining it, and we expect that as long as it trades above it, it may rebound to a resistance level of 107.30. If it breaks the support of 106.70, we may target the 106.00 level.
Gold technical analysis
Gold is still moving in the transverse channel with its upper bound at $1745 levels. We expect a bounce from or before it to test at the support levels of 1700 and then break it, targeting 1670. We anticipate resistance levels at 1745 - 1765.
Oil technical analysis
Oil succeeded to reach its expected target with the latest analysis at $40.50 levels. Our expectation is that it will retract from the current levels to 39-37.30 support. However, if it succeeds in surpassing the 40.50 level, we expect to target 41.70 levels.
Dow Jones technical analysis
The Dow Jones has succeeded in rebounding from the 24800 level and we expect it to continue rising to 27600/28000 levels. If the 24800 support level is broken, the decline may continue to 23000 levels.
