EURUSD
This pair retreated from the upper boundary of an ascending channel at 1.2000 to support levels of 1.1760. If the price stabilises above this, we may see it rise to again test 1.19 - 1.20. If it breaks 1.1780 support, it may go to 1.1600.
GBPUSD
This pair retreated below 1.2980, and we expect a correction and then test of this support; if it remains below it, we expect the decline to continue to 1.2800 levels.
As for the pair's rise and stability above 1.2980 levels, it may rise again to test 1.3150 - 1.3250.
USDJPY
This pair is still moving within the descending channel on the daily frame and has retreated from 107.00 resistance to 105.00 levels.
However, if it succeeds in maintaining its support level, we expect it to rise to test 107.00 resistance. We expect it to surpass this level to target 108.00 - 108.50.
If the pair falls and breaks the support level of 105.00, we expect it to fall to 104.20 - 103.40.
Gold
Gold faces support levels at $1925, and we expect a rise to 1980 if the price stabilises above 1920.
If it breaks the 1920 support level, we expect a retreat to 1900, then 1860.
WTI
Oil fell yesterday to $37.00 levels after breaking the support of 39.00, and we expect it to rise now to test the 39.00 resistance, and if it succeeds in rising above it, we may target 41.70.
If it fails to climb above 39.00, it may retreat to 37.00 support levels. If it breaks these, we may target $ 34.50.
Dow Jones
The Dow Jones fell to levels of 27400 points and succeeded in maintaining it as a support level. We expect it to rise to test 28100 points; if it succeeds in surpassing this, it may continue its rise to 28400 -28600.
Support levels for the index in the event of a decline are 27400 – 27200 - 27000
