Technical Analysis By zForex

[Z Forex]

EUR/USD Rebounds with Support at Key Levels
The EUR/USD has garnered support from both the 200MA and the 1.0850 level, currently showing signs of a rebound. The trajectory of this rebound may be influenced by today's data, potentially paving the way for either a sustained recovery or a breakout. The next support is at 1.0800 and the next resistance is at 1.0900.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0900	1.0850	1.0800	1.0750

GBP/USD Eyes the 1.2800 Level After Meeting Expectations
The GBP/USD discovered support at the 1.2600 level with 50MA. As anticipated, the rebound propelled the price back towards 1.2700. If this upward momentum persists, the next target stands at 1.2800.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2400

USD/JPY Faces Resistance at 148.35, Eyes 146.50
The USD/JPY pair encountered resistance at 148.35, as predicted. The next support is at 146.50. If a breakout occurs, the next target is 150.00.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold Nears Support at 2006 with Yields and Dollar Pressure
Gold is currently trading at a support level of 2006. The recent rise in yields and the value of the dollar have had a negative impact on gold. However, gold will likely rebound from this support level. If gold does break out of this support level, the next target will be 1979.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2056	2021	2006	1979	1960

Oil Displays Ambiguous Pattern, Next Resistance at 50MA
Oil is exhibiting an unclear pattern with low probability projections. The next support is at 70, while the resistance is at 50MA.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
81	78	74	70	68	64.9

 

[Z Forex]

EUR/USD Hovers Around 200MA for the Fourth Session
The EUR/USD continues hovering for the fourth session around the support at the 200MA and the 1.0850 and rebounding at the moment. The next support is at 1.0800 and the next resistance is at 1.0900.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0900	1.0850	1.0800	1.0750

GBP/USD Silently Awaits the Week’s Data
The GBP/USD is quiet today. The next move will depend on this week's data and market sentiment. The next resistance if the rebound continues is at 1.2800 while the 50MA will be the next support.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2400

USD/JPY Muted at the 148.35 Resistance
The pair continued for their third day, muted at the 148.35 resistance level. The next support is at 146.50. If a breakout occurs, the next target is 150.00.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold Resists at 200MA, Eyes 2006
Gold found resistance at the 200MA on a 4H chart and came back where the short-term bearish trend is still active. If it continues its downward trajectory, the next level is again will be at 2006.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2052	2021	2006	1979	1960

Uncertainty Continues for Oil at 50MA
Geopolitical tensions continue to impact oil prices, leaving future projections uncertain. The 50MA still holds as resistance.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
81	78	74	70	68	64.9

 

[Z Forex]

EUR/USD Holds Steady at 200MA Support, Awaits Data for Next Move
The EUR/USD pair maintains its position near the 200MA support at 1.0850, in a holding pattern as it awaits today's data developments to determine its next direction. The next support is at the 1.0800 level, with resistance at 1.0900 on the horizon.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0900	1.0850	1.0800	1.0750

GBP/USD Sees Incremental Gains Today with Some Constraints
GBP/USD experienced gains today but faces mild constraints, with the upcoming move dependent on today's economic data and market sentiment. Although the current pattern somewhat resembles a descending triangle, the likelihood remains low. If the rebound persists, the next resistance is at 1.2800, with the 50MA serving as the next support.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2400

USD/JPY Eyes 146.50 Support with Yen Strength Limited
The uncertainty persists for the USD/JPY pair near the 148.35 resistance following the recent BoJ meeting, with the Yen displaying limited strength. The next support lies at 146.50, and in the event of a breakout, the next resistance is set at 150.00.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold Maintains Short-Term Bearish Trend Following Market Uncertainty
Uncertainty in the market is affecting gold, keeping it in proximity to both the 50MA and the 200MA on a 4-hour chart. The short-term bearish trend is still active. If it continues down the next levels again at the 2006.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2052	2021	2006	1979	1960

Oil Influenced by Ongoing Tensions, Remains Muted
Oil remains in a state of uncertainty, exhibiting volatile movements with no clear direction established, influenced by economic uncertainty and geopolitical tensions. The next resistance looms near 78, closely tied to the 200MA, while support rests at 70.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
81	78	74	70	68	64.9

 

[Z Forex]

EUR/USD Volatility Follows PMI Data
The EUR/USD had strong volatility yesterday after PMI data while still hovering around the support at the 200MA and the 1.0850, waiting for today's GDP data for direction. The next support is at the 1.0800 level and the next resistance is at 1.0900.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0900	1.0850	1.0800	1.0750

GBP/USD Stalls in Price Range with Growing Uncertainty
The GBP/USD is experiencing range-bound movements due to increasing uncertainty at the start of the new year. The next resistance if the rebound continues is at 1.2800 while the 50MA will be the next support.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2400

USD/JPY Dependent on Dollar Movements
The USD/JPY pair is making some corrections but limited as it will depend on US dollar movements for today. The next support is at 146.50. If a breakout occurs, the next target is 150.00.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold Slips Following US PMI Data
Gold is falling today after yesterday's US PMI data where markets believe US economic resilience and rates will be held for longer. The short-term bearish trend is still active. If it continues to decrease, the next level will be at 2006 again.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2052	2021	2006	1979	1960

Crude Oil Initiates Reversal, Next Resistance at 78
Recent market trends indicate a potential reversal in oil prices, with the commodity poised for an upward movement. The next significant resistance level stands near the 200-day moving average, hovering around 78 and the support level remains steady at 70.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
81	78	74	70	68	64.9

 

[Z Forex]

EUR/USD Breaks 200 MA and Support, Eyes Long-Term Bullish Trend
The EUR/USD is breaking the 200 MA and the support level and now moving towards the next target range of 1.0780-1.0750, aligning with the lower parallel of the current long-term bullish trend.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0780	1.0700	1.0650

GBP/USD is at Uncertainty, Eyes Support at 1.2800 and 50MA
The GBP/USD continuing its price range movements observed since the start of the new year amid rising uncertainty. The next support level is at 1.2600, with the 50-day moving average (50MA) acting as additional support.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2400

JPY/USD Eyes on 150.00 Breakout from 148.35-146.50
The pair is fluctuating between 148.35 and 146.50. Should a breakout occur, the next target level is anticipated to be 150.00.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold Rebounds on Risk-Off: Eyes Set on 200 MA at 2038
Gold is rebounding today due to risk-off sentiment. The next resistance and target is the 200 MA on the 4H chart, which is at 2038. Additionally, it is also the upper parallel of the current short-term down channel.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2052	2038	2006	1975	1980

Oil Hits Resistance at 78, Awaits Confirmation
Oil has hit resistance at the 78 area, waiting for confirmation to continue to the next target at 81.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	75	70	68

 

[Z Forex]

EUR/USD Nears Support at Down Parallel, Aiming for 1.0780-1.0750
The EUR/USD is hovering at the support level where the down parallel of the long bullish channel and heading towards the next target range between 1.0780-1.0750. This aligns with the lower parallel of the current long-term bullish trend.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0780	1.0700	1.0650

GBP/USD Faces Uncertainty, Eyes on BoE Decision
The GBP/USD has been experiencing price range movements since the start of the new year, and there is rising uncertainty. The markets have been relatively quiet in the past few days as they await the Bank of England's decision. The next support level is at 1.2600, and the 50-day moving average (50MA) is providing additional support.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2400

USD/JPY Eyes 150.00 Target, Dollar Performance Key Factor

The currency pair fluctuates between 146.50 and 148.35. The next target level is expected to be 150.00 if a breakout occurs, which will be influenced by the performance of the dollar.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold's Bullish Reversal Persists, Aiming for 200 MA Resistance
Gold's bullish reversal continues with the next resistance and target being the 200 MA on the 4H chart, located at 2038. This also represents the upper parallel of the current short-term down channel.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2052	2038	2006	1975	1980

Oil Tests 100MA Resistance, Pauses for Correction
Oil reached the 100MA as the resistance level before correcting, waiting for confirmation to continue to the next target at 81.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	75	70	68

 

[Z Forex]

EUR/USD Faces Dollar Strength, Eyes Support at 1.0780-1.0740
The EUR/USD is currently under pressure from a strengthening dollar and is approaching its next support level at 1.0780-1.0740, followed by the 100MA. The downward trend may continue if today's inflation data disappoints.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0780	1.0750	1.0650

GBP/USD Dips, Eyes Support at 1.2600
The GBP/USD has declined and the nearest support level is at 1.2600, while the resistance level is at 1.2800. Today's BOE meeting could result in significant market fluctuations.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2400

JPY/USD at Support: Trading at 146.50
The pair is currently trading at the support level of 146.50. The narrowing difference in yields is giving an advantage to the yen. If the actual support level is broken, prices may decline towards 144.80.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold's Bullish Run: Targets Set at 2070 and 2090

Gold's bullish movement continues where the price is at the resistance level of 2055-60. The next target will be at the 2070 and 2090.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2055-60	2038	2038	2006	1975

Oil Bounces at Support, Eyes 100MA Resistance

After a correction, oil found support at 75 and is expected to challenge its 100MA resistance level. If the resistance level is broken, it could lead to strong bullish movements.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	75	70	68

 

[Z Forex]

EUR/USD Finds Support at 100MA

The EUR/USD rebounded after finding support from the 100MA level and the down parallel of the bullish channel. The pair needs to break the 1.0900 resistance to confirm a reversal.

Resistance 3​	Resistance 2​	Resistance 1​	Support 1​	Support 2​	Support 3​
1.1000​	1.0900​	1.0850​	1.0780​	1.0750​	1.0650​

GBP/USD Finds Support at 50MA, Eyes Range Return

The GBP/USD is now returning to its range after finding some support from the 50MA. The next resistance level is at 1.2800, and a breakout of this level may open the door for further advancement.

Resistance 3​	Resistance 2​	Resistance 1​	Support 1	Support 2	Support 3
1.3100​	1.2930​	1.2800​	1.2680	1.2600	1.2500

USD/JPY at Support: Trading at 146.50

The USD/JPY pair is currently trading at the support level of 146.50. The narrowing yield difference is benefiting the yen. If the support level is breached, prices may fall towards 144.80.

Resistance 3​	Resistance 2​	Resistance 1​	Support 1​	Support 2​	Support 3​
152.00​	150.00​	148.35​	146.50​	144.80​	144.00​

Gold Faces Resistance at 2055-2060

Gold found resistance at the level of 2055-2060. The next targets will be 2070 and 2090 if a breakout occurs.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2090​	2070​	2055-60​	2038​	2006​	1975​

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[Z Forex]

USD Strength Suggests Continued Bearish Trend
The EUR/USD is falling as the next support levels are at 1.0750 and 1.0650. Considering the strength of the US dollar, the bearish trend may continue.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0650	1.0500

GBP/USD Follows Euro in Decline
The GBP/USD has fallen in a similar fashion to the Euro due to the strength of the Dollar, with the current support level at 1.2600 and the next level at 1.2500, which is close to the 100MA.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2600	1.2500	1.2300

USD/JPY Tests Resistance at 148.60 on Dollar Rebound
USD/JPY returned to its resistance level at 148.60 after the dollar rebounded. The actual bullish short-term trend is solid but needs further support from the dollar to continue upward.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.60	146.50	144.80	144.00

Gold Falls on Treasury Yield Rebound
Gold is falling due to the rebound in Treasury yields. The next support level is at 2006. Gold is currently range-bound with resistance at 2055-2060 and support at 2006.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2090	2070	2055-60	2006	1975	1965

Oil Faces Selloff Amid Last Month's Volatility
Oil is experiencing a selloff and may continue to drop due to last month's price volatility. The next support levels are at 70 and 68. The market outlook is bearish.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	70	68	65

 

[Z Forex]

EUR/USD Breaks Key Support at 1.0750
The EUR/USD has broken the important support level of 1.0750 in two consecutive sessions due to strong selling pressure. This indicates a bearish trend where the US Dollar is gaining strength and may continue to do so, with a possible correction before that. The next support level is at 1.0650.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0650	1.0500

GBP/USD Corrects After Two Selloff Sessions
The GBP/USD is currently undergoing a small correction after two strong selloff sessions. It is currently at the 1.2500 area, and the outlook remains bearish. The next level to watch out for is at 1.2300.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2470

USD/JPY Breaks Resistance at 148.35

The pair is breaking the resistance level at 148.35. The actual bullish short-term trend is solid but needs further support from the dollar to continue upward.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold Sells Off Amid Dollar and Treasury Yield Increase

Gold is experiencing a selloff due to an increase in the dollar and treasury yields. It is currently range-bound, with resistance at 2055-2060 and support at 2006.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2090	2070	2055-60	2006	1975	1965

Oil Prices Inch Up Amid Geopolitical Tensions
Oil prices experienced slight gains amid volatile trading as geopolitical tensions escalated once again. The next support level is identified at $70, with resistance expected at $78.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	70	68	65

 

[Z Forex]

The EUR/USD pair is experiencing a correction for the second consecutive day, with the dollar pulling back after a notable rally. This pullback is a common market reaction as investors reassess the Federal Reserve's potential timeline for a rate cut. This current period of correction may be short-lived, with the possibility of the dollar resuming its upward trajectory. The next resistance level for the pair is expected to be at 1.0850.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0650	1.0500

The GBP/USD pair is subdued today as it awaits further developments. The price movements are indicative of a range-bound trend, with the support level at 1.2500 being the threshold for initiating a bearish trend.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2470

The pair is bullish today, suggesting potential for further gains if the dollar strengthens and the bullish trend continues. The next resistance level is at 150.00, while support is found at 146.50.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	150.00	148.35	146.50	144.80	144.00

Gold is down today after reaching the 2038 resistance level, with the next support level in 2006. Gold may experience increased volatility considering geopolitical developments and movements in yields.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2055-60	2038	2006	1975	1965

Oil prices are continuing their modest gains, although a clear direction for the short-term outlook remains uncertain. If prices continue to rise, the 78 level and the 200-day moving average (200MA) will act as resistance. Conversely, if prices reverse downwards, support will be found at the 70 level, followed by the 68 level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Suport 2	Support 3
84	81	78	70	68	65

 

[Z Forex]

EUR/USD Awaits Germany Data with Third Consecutive Correction
The EUR/USD pair continued its correction for the last three sessions with slight movements while waiting for today's data from Germany. This pullback is a normal market reaction as investors reassess the Federal Reserve's potential timeline for a rate cut. This current period of correction may be short-lived, with the possibility of the dollar resuming its upward trajectory. The next resistance level for the pair is expected to be at 1.0850.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0650	1.0500

GBP/USD Uncertain, Range-Bound Trend Suggests Bearish Potential
The GBP/USD pair continues its uncertain movements as yesterday, where the economic calendar doesn't include any market moving data or event today for pound or dollar. The general reading with the actual price movements is indicative of a range-bound trend, with the support level at 1.2500 being the threshold for initiating a bearish trend.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2470

USD/JPY Surges on Dovish BoJ Remarks, Eyes 150.00 Resistance
The USD/JPY pair maintained its upward trajectory, fueled by the dovish stance of new Bank of Japan officials on the yen. Anticipating further gains, the pair approaches the next resistance level at 150.00, with a solid support base identified at 146.50.
Formun Üstü

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	150.00	148.00	146.50	144.80

Gold Fluctuates Between 2038-2006 Range, Bound by Uncertainty
Gold is fluctuating inside its range from the beginning of the year as uncertainty continues, where 2038 is the actual resistance level, and the next support level at 2006. Gold may experience increased volatility considering geopolitical developments and movements in yields.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2055-60	2038	2006	1975	1965

Geopolitical Shifts Propel Oil Prices, 78 Resistance and 200MA in Focus
Recent geopolitical developments in the Middle East spurred a surge in oil prices. The 78 level and the 200-day moving average (200MA) emerge as challenging resistance points, while a potential downturn finds support at 72, followed by the 70 level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	72	0	68

 

[Z Forex]

EUR/USD Rebounds on Dollar Decline
The EUR/USD pair is currently experiencing a rebound due to a decrease in the value of the dollar. Today's market is expected to be cautious due to the upcoming release of the big CPI data tomorrow, which could cause extensive volatility. The next resistance level for the pair is predicted to be at 1.0850, while the support level is at 1.0750. The bearish trend still continues.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0650	1.0500

GBP/USD: Strong Volatility Expected
The GBP/USD, similar to the Euro, is experiencing volatility as the markets remain cautious ahead of tomorrow's economic data releases. Both currencies are expected to have a strong week of volatility. The overall price movement suggests a range-bound trend, with the support level at 1.2500 being the threshold for initiating a bearish trend.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2470

USD/JPY Maintains Strong Bullish Momentum
USD/JPY continued to rise with a strong bullish momentum. The next resistance level is at 150.00, while support can be found at 146.50.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	150.00	148.00	146.50	144.80

Gold is Stuck at Market Uncertainty: Resistance at 2038, Support at 2006
The technical view on gold price movements hasn't changed much. Gold has been fluctuating within the same range since the beginning of the year due to continued uncertainty in the market. The current resistance level is at 2038, while the next support level is at 2006. Gold may experience greater volatility, especially with geopolitical developments and movements in yields that may be impacted by data releases this week.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2055-60	2038	2006	1975	1965

Oil Prices Unsettled Amid Geopolitical Developments
Oil prices have been uncertain for the past two sessions due to ongoing geopolitical developments in the Middle East. The 78 level and the 200-day moving average (200MA) are currently acting as resistance, while support is expected at the 72 level followed by the 70 level if prices reverse downwards.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	72	70	68

 

[Z Forex]

EUR/USD Faces Downward Pressure Ahead of CPI Data
The EUR/USD currency pair is currently experiencing a slight downward movement as the markets await today's Consumer Price Index (CPI) data, which is expected to cause significant volatility. The next resistance level for the pair is predicted to be at 1.0850, while the support level is at 1.0750, followed by 1.0650. At the moment, the bearish trend is still in effect.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0650	1.0500

GBP/USD Shows Modest Increase Post Mixed Labor Market Results
The GBP/USD has slightly increased today after the release of mixed results from the labor market data. The upcoming US CPI data will also have an impact on the pair's movement. The next support level is at 1.2500, while the next resistance level is at 1.2800.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2470

USD/JPY Maintains Bullish Momentum as Yen Selloff Continues
USD/JPY is continuing its bullish trend with strong momentum as the yen experiences a selloff due to the yield difference favoring the dollar. The next resistance is at the 150.00 level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	150.00	148.00	146.50	144.80

Gold Prices Edge Up Followed by CPI Data Release
Gold prices are slightly increasing while the market awaits the release of CPI data today. The price range movements continue and the current resistance level is at 2038, with the next support at 2006. Gold is expected to experience greater volatility, particularly with geopolitical developments and movements in yields that may be affected by data releases this week.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2070	2055-60	2038	2006	1975	1965

Oil Prices on the Rise, Facing Resistance at 78 and 200MA
Oil prices are on the rise, but they are currently being held back by resistance at the 78 level and the 200-day moving average (200MA). On the other hand, support is expected at the 72 level, followed by the 70 level if prices go down. The rise in oil prices is being attributed to geopolitical tensions.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	72	70	68

 

[Z Forex]

EUR/USD Downtrend Deepens Toward New Lows
The EUR/USD has fallen further and is now in a downtrend towards new lows. The next support level is at 1.0650. The trend may continue to go lower as the dollar remains strong. Today's GDP data from the EU may also have an impact on the performance of the euro.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.0900	1.0850	1.0750	1.0650	1.0550	1.0450

GBP/USD Declines Following UK CPI Data, Eyes 1.2500
The GBP/USD fell yesterday and today after the UK CPI data release. The pair's next target is 1.2500 and a bearish trend may occur if the next support is broken.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2400

USD/JPY Surges Beyond 150.00 Mark on Strong Momentum

USD/JPY continued its bullish trend and broke the 150.00 mark with strong momentum. The yen experienced a selloff due to the yield difference favoring the dollar. BoJ officials signaling possible intervention may keep markets on alert.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold's Decline Persists Despite Strong Treasury Yields
Gold is dropping today due to strong treasury yields, approaching the 2000 mark. The next support levels are at 1975 and 1965.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2055-60	2038	2006	1975	1965	1940

Oil Prices Maintain Upward Momentum

Oil prices continue slightly higher toward the resistance level at 78 which will be followed by the 81 level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	72	70	68

 

[Z Forex]

Strong Dollar Fundamentals Suggest Temporary Correction
The EUR/USD is currently correcting at the resistance level of 1.0780 while awaiting further developments. However, given the strong dollar fundamentals, as evidenced by the treasury yields, this correction is likely temporary.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.0900	1.0850	1.0780	1.0650	1.0550	1.0450

GBP/USD Resistance at 1.2600 & Volatile Movements Still Expected
The GBP/USD continues to be uncertain with range-bound movements. The resistance level at 1.2600 is preventing a clear direction. The pair may continue volatile movements due to the UK's uncertain economic outlook.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2470

USD/JPY Near 150.00 Amid Uncertainty Over Possible BOJ Intervention

USD/JPY continues to hover near the 150.00 level as uncertainty accelerates due to the BOJ officials and the Ministry of Finance signaling the possibility of intervention, considering the negative impact of such levels on the Japanese economy.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Corrects Amid Dollar Weakness, Eyes Resistance at 2038
Gold is correcting for the third session, benefiting from dollar weakness. The next resistance is at 2038. Gold is currently range-bound, indicating market uncertainty.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2055-60	2038	2006	1975	1965	1940

Oil Near 78-Resistance, Outlook Depends on Geopolitical Tensions
Oil is hovering near the 78-resistance level, where the 100MA is also holding. A return or a breakout higher will be determined by the balance between geopolitical tensions and economic conditions affecting demand forecasts.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Z Forex]

Stability in EUR/USD Exchange Rate with FOMC Anticipation
The EUR/USD exchange rate has remained stable for the past three days, as investors anticipate the release of the FOMC minutes tomorrow. The resistance level remains at 1.0780, while the support level is at 1.0650. If the Federal Reserve takes a hawkish stance tomorrow, the US dollar may continue to strengthen, leading to a bearish outlook.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.0900	1.0850	1.0780	1.0650	1.0550	1.0450

GBP/USD Stalls in Range-Bound Movements, Eyes Volatility
The GBP/USD remained muted for the third consecutive session with range-bound movements. A resistance level of 1.2600 is hindering a clear direction. The pair may experience some volatility following Bailey's speech.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2600	1.2500	1.2300	1.2470

USD/JPY Holds Steady at 150.00 with Heightened Uncertainty
The 150.00 level of USD/JPY has been maintained as there is an increase in uncertainty caused by BoJ officials and the Ministry of Finance. They are considering the possibility of intervention which may create strong volatility in the market.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Eyes 2038 Target, FOMC Minutes Pose Bearish Outlook
Gold is up and heading towards the next target in 2038. However, tomorrow's FOMC minutes may be bearish for gold due to the strength seen in treasury yields until now.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Crude Oil Hovers Near 78-Resistance for the Second Day
For the second consecutive trading day, crude oil is lingering close to the 78-resistance threshold. At the same time, the 100MA remains steady. Whether the price of oil will rise further or break through this level depends on the interplay between geopolitical tensions and economic factors that influence demand projections.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Z Forex]

EUR/USD Faces Resistance at 200-day MA, Potential Reversal Ahead
The EUR/USD is encountering resistance at the 200-day moving average (MA) after nearing the 50-day MA close to the 1.0900 resistance level. The pair appears to be facing strong resistance at the current level, indicating a potential reversal.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

Below 1.2730 Resistance: GBP/USD Reflects Economic Uncertainty
The GBP/USD is maintaining its position below the 1.2730 resistance level, with the 50-day moving average (MA) acting as resistance. Despite the recent increase, the pair continues to exhibit volatility and a lack of clear direction, mirroring the persistent uncertainty around the UK's economic fundamentals.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2730	1.2500	1.2300	1.2470

Bullish Momentum: USD/JPY Eyes 152.00 Resistance Level
The USD/JPY pair is advancing towards the upper side, with the next target approaching the 152.00 resistance level. The overall trend remains bullish, with the 152 area serving as the next resistance should the pair continue to rise.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Rebounds on Dollar Weakness and Geopolitical Tensions
Gold is rebounding after encountering resistance at the 50-day moving average (MA), which initially restrained its advance before reaching 2038. The dollar's weakness, coupled with geopolitical tensions in the Middle East, has supported gold's recovery.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Oil Nears Resistance at $78 Amid Neutral Performance
Oil consistently hovers around the resistance level in the $78 area, closing the week with a neutral performance. A breakout could push prices toward $81, while a pullback might lead prices toward the $73 support level. Oil appears to be in an accumulation phase, poised for a potential upward reversal if demand-side fundamentals improve.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Z Forex]

EUR/USD Testing Resistance at 200-Day MA, Potential Reversal Ahead
The EUR/USD pair hovers around the resistance at the 200-day moving average (MA) after nearing the 50-day MA close to the 1.0900 resistance level. The pair appears to be facing strong resistance at the current level, indicating a potential reversal.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

GBP/USD Holds Below 1.2730 Resistance, Reflects Economic Uncertainty
The GBP/USD is maintaining its position below the 1.2730 resistance level, with the 50-day moving average (MA) acting as resistance. Despite the recent increase, the pair continues to exhibit volatility and a lack of clear direction, mirroring the persistent uncertainty around the UK's economic fundamentals.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2730	1.2500	1.2300	1.2470

USD/JPY Remains Below 151.00, Bullish Outlook Persists
The USD/JPY pair is still below 151.00 while the general outlook is still bullish and the next big target is at 152.00. This week's economic data may contribute to a possible volatility on the pair.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Reaches 3038 Resistance, Correction Follows
Gold reached the resistance level of 3038 and corrected from this level, still benefiting from the current conditions. The breakout of the actual resistance level may pave the way for further advancement toward the next target at 2055-60.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Oil Corrects, Uncertain Direction with Demand-Supply Impact
Oil is undergoing a slight correction today, extending from last week. The next support level for oil stands at 73. The commodity remains in a state of uncertainty, exhibiting range movements, as the unclear impact of demand-supply forecasts continues to influence its price direction.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Z Forex]

EUR/USD Eyes 1.0900 Resistance as Dollar Weakens
The EUR/USD pair is making another attempt to advance toward the 50-day Moving Average, near the 1.0900 resistance level. The pair is finding support with the weakening dollar but requires further backing from upcoming economic data.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

GBP/USD Gains Momentum on Dollar Weakness
The GBP/USD, similar to the EUR/USD, is benefiting from the dollar's weakness and the market's anticipation of a later rate cut from the BoE. This is aiding the pair's upward movement toward the 1.2730 resistance level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2730	1.2500	1.2300	1.2470

USD/JPY Holds Below 151.00, Bullish Outlook Targets 152.00
The USD/JPY pair is still below 151.00 while the general outlook is still bullish, and the next big target is at 152.00. The Japanese inflation data benefited slightly pair to correcting today while this week's data from the US may lead to more volatility.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Resumes Bullish Momentum, Eyes 2038 Resistance
Gold, after correcting from the 2038 resistance level, is resuming its bullish short-term trend, aiming to test this level again. A breakout above this level could propel the price toward the next target area of 2055-60.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Oil Hovers Around $78 Resistance with Geopolitical Uncertainty
Oil is fluctuating near the resistance level of approximately $78 as uncertainty increases due to geopolitical tensions and economic concerns affecting market sentiment. The direction of oil remains unclear, and range-bound movements may persist.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68