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Technical Analysis: EUR/USD Shoots Up From Morning Lows, Gold Jumps

Published 06/29/2015, 07:08 AM
Updated 07/09/2023, 06:31 AM

AUD/USD

Market Scenario 1: Long positions above 0.7673 with target at 0.7717.

Market Scenario 2: Short positions below 0.7608 with target at 0.7564.

Comment: The pair is expected to extend towards 0.7565/70 before it rebounds higher, according to analysts.

Supports and Resistances:

R3 0.7826

R2 0.7782

R1 0.7717

PP 0.7673

S1 0.7608

S2 0.7564

S3 0.7499

AUD/USD Chart

EUR/JPY

Market Scenario 1: Long positions above 136.46 with target at 137.35.

Market Scenario 2: Short positions below 136.46 with target at 135.56.

Comment: The pair dropped even near 133.75 level due to concerns for the Greek referendum.

Supports and Resistances:

R3 140.03

R2 139.14

R1 138.70

PP 138.24

S1 137.81

S2 137.35

S3 136.46

S4 135.56

EUR/JPY Chart

EUR/USD

Market Scenario 1: Long positions above 1.1083 with target at 1.1127.

Market Scenario 2: Short positions below 1.1083 with target at 1.1037.

Comment: The pair is shooting back up from the lows that it reached in early morning session. It bounced from around 1.10 to 1.1110, but still below 1.1160. Volatility is extremely high.

Supports and Resistances:

R3 1.1307

R2 1.1263

R1 1.1217

PP 1.1173

S1 1.1127

S2 1.1083

S3 1.1037

EUR/USD Chart

GBP/JPY

Market Scenario 1: Long positions above 193.32 with target at 194.08.

Market Scenario 2: Short positions below 193.32 with target at 191.99.

Comment: The pair weakened and now tries to reach and break resistance level 193.32.

Supports and Resistances:

R3 197.29

R2 195.97

R1 195.40

PP 194.64

S1 194.08

S2 193.32

S3 191.99

GBP/JPY Chart

GBP/USD

Market Scenario 1: Long positions above 1.5740 with target at 1.5772.

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Market Scenario 2: Short positions below 1.5713 with target at 1.5681.

Comment: The pair got some gains back, largely due to the recovery in the EUR/GBP pair on hopes of Greek deal.

Supports and Resistances:

R3 1.5831

R2 1.5799

R1 1.5772

PP 1.5740

S1 1.5713

S2 1.5681

S3 1.5654

GBP/USD Chart

USD/JPY

Market Scenario 1: Long positions above 122.87 with target at 123.32.

Market Scenario 2: Short positions below 122.87 with target at 122.10.

Comment: The pair recovered from session lows and once again is heading towards 123.00 level.

Supports and Resistances:

R3 125.20

R2 124.42

R1 124.10

PP 123.65

S1 123.32

S2 122.87

S3 122.10

S4 121.32

USD/JPY Chart

GOLD

Market Scenario 1: Long positions above 1179.03 with target at 1183.87.

Market Scenario 2: Short positions below 1179.03 with target at 1173.72.

Comment: Gold prices jumped as Grexit fears fuel investors and create concerns.

Supports and Resistances:

R3 1194.02

R2 1183.87

R1 1179.03

PP 1173.72

S1 1168.88

S2 1163.57

S3 1153.42

Gold Chart

CRUDE OIL

Market Scenario 1: Long positions above 59.84 with target at 60.26.

Market Scenario 2: Short positions below 59.23 with target at 58.81.

Comment: Crude oil prices started to decline near 59.50 level.

Supports and Resistances:

R3 61.29

R2 60.87

R1 60.26

PP 59.84

S1 59.23

S2 58.81

S3 58.20

Crude Oil Chart

USD/RUB

Market Scenario 1: Long positions above 54.055 with target at 54.681.

Market Scenario 2: Short positions below 54.055 with target at 53.318.

Comment: The pair advanced near resistance level 54.055.

Supports and Resistances:

R3 56.045

R2 54.681

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R1 54.055

PP 53.318

S1 52.691

S2 51.954

S3 50.590

USD/RUB Chart

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