EUR/USD

The single currency managed to break 1.3860-65 zone (highest price since last Monday the 14th April), followed by a drop during the US session to 1.3840 (a 61.8% Fibo of yesterdays low/high) where it found ground for a fresh attempt during today on 1.3878 (Yesterday’s high).
A break above yesterdays high – 1.3878 - would open further to the upside towards previous highs at 1.3904 and 1.3945 ahead of highest price of 13th March at 1.3970
Only below 1.3820-40 zone would open a negative tone for a test of 1.3780 area, and if broken a reversal of the trend towards lower borders.

Res: 1.3878, 1.3904, 1.3945, 1.3970
Sup: 1.3840, 1.3820, 1.3790, 1.3780






GBP/USD

A break above 1.6840 opened the path for a potential uptrend, reaching as far as 1.6855 ahead of 1.6875 (High of Nov 2009), a correction yesterday found ground at 1.6800 ahead of yesterdays low at 1.6778. Waiting for a test of 1.6875 area, and a break there would open higher ground towards 1.7055 (a 5 years high).
Below 1.6800 would offer a negative tone towards 1.6780 and 1.6760 next.


Res: 1.6855, 1.6875, 1.6925, 1.7055
Sup: 1.6800, 1.6780, 1.6760, 1.6747







USD/JPY

Positive tone dominated the pair yesterday for an attempt to reach as high as 102.62 (last Thursday’s high) followed by a corrective action to a low of 103.30 (a 50% Fibo of 101.96 Friday’s low and Yesterday’s high at 102.62), where it found support and currently testing 102.70 zone. A break above 102.70 would open a continuation towards 103.00 and 103.30 ahead of April’s high at 104.12
Support is seen at 102.20-30 zone where it should maintain the positive tone for a fresh highs, below there a negative more is expected towards 101.85 and 101.20 ahead of 101.50 support.


Res: 102.70, 103.00, 103.30, 104.12
Sup: 102.30, 102.20, 101.85, 101.50






GOLD

Spot Gold dropped almost 17 dollars after reaching important resistance at 1307, which was almost yesterday’s high. The next foreseeable support is found at 1287 where price is trading near this level, and a break there would open further to the downside towards 1276 and 1268 next.
Above 1299 would open a retest of yesterdays high and if broken an uptrend is expected towards 1320 and 1332

Res: 1304; 1307; 1320; 1332
Sup: 1298, 1287, 1276; 1258