Bulls reached a high at 1.1750 last week. The level stopped the spot which pulled back afterwards. The euro headed towards 1.1700 in the European session on Monday. The resistance resides at 1.1750, the support comes in at 1.1700.
The level 1.1750 appeared to be a hard hurdle to break. Buyers might need some time to retake the level. Meanwhile, the euro may ease to 1.1700-1.1670.
The bullish spike lost momentum when the pound approached 1.3150. Bulls slowed down first and when the major touched the mark GBP/USD turned around. The pound declined to 1.3100 during the European trades on Monday. The resistance lies at 1.3200, the support comes in at 1.3100.
The bullish momentum is likely to be regained. However, the pound needs to correct first. The spot may ease to 1.3070-1.3100.
Bears returned the ball last week and sent the US dollar to new losses. The pair broke 111.00 and advanced to 110.50 where the major lost momentum and turned around. The US dollar started a correction on Monday. The resistance lies at 111.00, the support comes in at 110.00.
USD/JPY needs to reclaim 110.00 before the pair will continue its decline. If sellers succeed they will drive the market to 109.00.
The trend is objectively bullish. Buyers managed to fixate above 1260 and lifted the spot to 1270 afterwards. The level rejected the pair to 1260. The resistance exists at 1270, the support stands at 1260 dollars per ounce.
A break above 1270 would open the way to 1280 dollars per ounce. The price may ease to the lower limit of the upwards channel (1260).
Brent continued to advance north last week reaching fresh highs. Buyers managed to push the price to 52.50 where the upward momentum faded. The resistance lies at 52.50, the support lies in at 51.50 dollars per barrel.
In the scenario where the buyers keep control the benchmark may test 53.50.
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