EURUSD

EURUSD managed to reach a two and a half year high on Friday by making a new uptrend high at 1.3914. It has risen above 1.39 for the first time since October 28 2011. There were strong gains on Thursday after the European Central Bank President held rates steady and suggested the central bank wasn’t going to ease policy further in the short term.
From a technical outlook the pair will remain bullish if trading is maintained above 1.38 with targets at 1.3940 and 1.3970
Res: 1.3940, 1.3970, 14015
Sup: 1.3800, 1.3750, 1.3720


GBPUSD

Overall still stuck in range trading mode since hitting a high of 1.6820 on the 17th of Feb. We had two failed attempts during last Thursday and Friday to break above 1.6780 resistances, however the most likely outlook still remains upwards if it manages to stay supported by 1.6700
Momentum Indicator RSI(14) is moving sideways indicating the lack of trend strength.
Res: 1.6785, 1.6820, 1.6900
Sup: 1.6700, 1.6670, 1.6640



USDJPY

USDJPY is currently in an uptrend on the H1 Chart. It achieved a trend high at 103.75 on Friday and since then retraced almost 80 pips to 103. We expect it to revisit the 103.75 and attempt at achieving a higher high if it stays supported at 102.80(today’s pivot point).
Res: 103.75, 104, 104.35
Sup: 102.80, 102.25, 101.70


GOLD

Gold is currently testing a critical level today’s pivot at 1330. If it manages to break this support we will reverse our bullish outlook and look for target 1322 and 1308. The 25 dollar drop during today’s and Fridays sessions comes after it failed for the 4th time to break important resistance 1354 (which is also the current uptrend high).
Res: 1354, 1362, 1375
Sup: 1330, 1322, 1308