FxMonMan - GOLD, EUR/USD, GBP/USD, USD/JPY overview

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 ;-)