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USDJPY – Vulnerable Below The 124.47/57 Zone

USDJPY – With the pair continuing to maintain below its key resistance at 124.57 level, a move lower should occur. Support resides at the 123.50 level with a turn below here aiming at the 123.00 level. A break will target the 122.50 level. Further out, support comes in at the 122.00 level where a violation will a

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CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure

CRUDE OIL: With outlook for the commodity continuing to point lower, further weakness remains on the cards. This development leaves Crude Oil targeting support located at the 45.00 level where a break will expose the 44.00 level. A break below here will aim at the 43.00 level and then the 42.00 level. Below here will o

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GBPUSD: Risk Points Lower On Correction

GBPUSD: GBP continues to look vulnerable to the downside on correction with more decline envisaged. On the downside, support lies at the 1.5550 level where a break if seen will aim at the 1.5500 level. A break of here will turn attention to the 1.5450 level. Further down, support lies at the 1.5400 level. Its daily RSI

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GOLD: Corrective Risk Developing

GOLD: With a marginal lower close seen the past following its price rejection, a move higher could be developing. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040.00 level. Below here if seen could trigger further

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EURUSD: Loses Upside Momentum, Faces Downside Risk

EURUSD: Having EUR reversed its entire past week gains to close flat, it now faces risk of a move lower in the new week. Support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0600 level with a turn below that level targeting the 1.0550 level. Resistance is se

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USDCHF: Sees Price Hesitation

USDCHF: Broader outlook for USDCHF may be higher but it faces the risk of a move lower following its price hesitation the past week. Resistance resides at the 0.9700 level with a breach targeting the 0.9750 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.980

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GBPJPY: Sets Up To Correct Lower

GBPJPY: The cross remains vulnerable to the downside after failing at higher level prices on Thursday. On the downside, support comes in at the 193.00 level where a violation will aim at the 192.00 level. A break below here will target the 191.00 level followed by the 190.00 level. On the upside, resistance lies at the

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EURUSD: Sees Price Extension, Eyes The 1.0800 Level

EURUSD: With EUR extending its price weakness during Thursday trading session, threats of further downside pressure is envisaged. Support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level with a turn below that level targeting the 1.0700 level. Its dai

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