EUR/USD technical analysis
This pair succeeded in breaking through the resistance barrier of 1.1240, and if it achieves stability above this level, we would expect it to target 1.1350 then 1.1400 levels. The support level of the pair is 1.1240 – if this is broken down, may complete the decline to the level of 1.1150.
GBP/USD technical analysis
This pair is moving inside a descending channel, and we expect it to decline to the support levels of 1.2330. If it breaks this level, we may target 1.2290 levels. The pair's resistance is 1.2450 / 1.2500.
USD/JPY technical analysis
This pair retreated to the support level of 106.70, and succeeded in maintaining it. 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 trading near the upper boundary of the cross channel it is moving inside, between a resistance of $1765 and a support of 1670. We expect that as long as it trades below 1765 levels, it may rebound to experiment at 1730 levels, then support 1700, and then break it, targeting 1670. If it succeeds in overcoming the resistance level of 1765, we may target 1,800 levels.
Oil technical analysis
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Oil succeeded in reaching our expected target of $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.
