EUR/USD technical analysis
This pair is moving in a sideways range between the 1.1350 resistance level and the 1.1166 support level. We expect that if it tests the support level and breaks it, we may target 1.1000 levels. In the event of a rebound from the support level or from the current level, we may target 1.1350 resistance levels. If this is bypassed, we may target the 1.1450 / 1.15 level.
GBP/USD technical analysis
This pair is trading between the two sides of a descending channel and it has retreated from its upper limit and reached its target at 1.2335. This was broken, so we expect to target 1.2200, the lower limit of the channel. The resistance level of 1.2400 should be crossed to see more upside, targeting 1.2550 levels.
USD/JPY technical analysis
This pair tested the resistance of 108.00, but it retreated from it and we expect it to target the 107.30 support level. If this is broken it, we may target 106.70. However, if it succeeds in overcoming the 108.00 resistance, we may target 108.50 - 109.00.
Gold technical analysis
Gold succeeded in passing the $1780 resistance level and our expectations are for it to rise further and target $1,800. The support levels that gold may face in case of decline are 1780, then 1765.
Oil technical analysis
Oil succeeded in reaching its target of $40.50 and our expectations are for it to break through this level and target 41.70 levels. However, if it retreats from the current levels, it may test support at 39.00 and then, if this is broken, target 37.30 again. If this is broken in turn, we may target 34.75 support.
Dow Jones technical analysis
The Dow Jones is still trading above 24800 and inside the ascending channel, so we expect it to continue rising to 27600/28000 levels. If the 24800 support level is broken, it may fall to 23000 levels.
