The bullish views are still popular. The upward channel remained intact. The price is correcting downwards now. The resistance resides at 1.1500, the support comes in at 1.1450.
A break below 1.1450 will show room for further downside towards 1.1400.
The bullish momentum faded after touching 1.3100. The major bounced from the level and headed towards 1.3050. The major reached the mark ahead of the NY opening. The resistance lies at 1.3100, the support comes in at 1.3000.
We favor a short-term bearish bias. Sellers are driving the spot to 1.3000.
After a sharp drop on Friday the USD/JPY pair is struggling to build a recovery. The price bounced from 112.24 and grew to 112.80. Sellers regained control in the late European session and continued pushing the price downwards. The resistance lies at 113.00, the support comes in at 112.00.
The pair left the upward channel. A move below 112.00 may prolong bearishness. The pair may ease to 111.60 (the bulls’ last defense line).
Gold prices tried to leave the downward channel. However, the bullish spike lost its legs at 1230. The spot is neutral on Monday staying at 1230. The resistance exists at 1240, the support stands at 1230 dollars per ounce.
Gold prices may extend their bullishness. However, the pair needs to consolidate above 1230 first. In this potential scenario buyers may drive the market to 1240 dollars per ounce.
Brent oil prices maintained bullish tone on Monday. Bulls almost reached 49.50 when they lost steam. The price is correcting to 48.50 now. The resistance lies at 49.50, the support lies in at 48.50 dollars per barrel.
If buyers keep control Brent oil prices may grow to 49.50 dollars per barrel.
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