Forex: GBPUSD [Technical Comment]

The recent retracement in oil should see it test price support at 94.70. If it fails to hold here, we view 94.45 then 94.00 as immediate supports of note, with first resistance now at 95.10 (ARF).

Forex: GBPUSD [Trade Signal]

Pending order buy at 1.5968, TP at 1.6119, SL at 1.5889. (MT)

Commodity: XAGUSD [Technical Comment]

XAGUSD on the Hourly chart has a break down point at 34.100. If this level is taken out in the near term, the chances are it will decline to 34.000. Further support is seen at 33.985 and 33.900. Initial resistance is now 34.290 (ARF).

Forex: GBPUSD [Technical Comment]

GBPUSD entering the down trend in H1 chart with resistant at 1.6074 and support at 1.6019, based on the RSI and ADX is in the down position and descending triangle pattern, then the farthest target support is at 1.5968. (MT)

Forex: USDCHF [Technical Comment]

The recent retracement in USDCHF should see it test price support at 0.8469. If it fails to hold here, we view 0.8440 then 0.8400 as immediate supports of note, with first resistance now at 0.8506. We consider sell break limit at 0.8459 with SL at 0.8489 and TP at 0.8400 (ARF).

Commodity: XAUUSD [Technical Comment]

Having failed to pass the 1498.45 resistance, XAUUSD looks as if it will retrace and test support at 1494.70. A successful breakdown at 1494.70 places 1491.50 as the immediate target, but if it holds here it will likely bounce back to resistance at 1489.05. (MT)

Forex: EURUSD [Technical Comment]

Given EURUSD held back by resistance at 1.4696, a pullback will see support at 1.4404 and 1.4221 again. We view 1.4436 as the key breakdown point and support, best viewed on the daily chart, with a successful break below this level likely to see it come off to 1.4221.(HND)

Commodity: XAUUSD [Technical Comment]

XAUUSD looks as if the recent consolidation after testing key resistance at 1525.08 will result in a pullback to initial support at 1500.13. A breakdown below 1500.13 will not come easily, but a failure to hold here will place 1489.27 as the next level to watch. If however 1489.27 holds firm, we should see it bounce back to or very near the resistance at 1513.72. (HP)

Forex: GBPUSD [Technical Comment]

Based on the H4 chart timeframe GBPUSD looks as if the recent consolidation after testing key resistance at 1.6149 will result in a pullback to initial support at 1.5987. A breakdown below 1.5987 will not come easily, but a failure to hold here will place 1.5911 as the next level to watch. If however 1.5987 holds firm, we should see it bounce back to or very near the resistance at 1.6208.(HND)

Forex: USDJPY [Technical Comment]

USDJPY has been caught within a narrow range for a while now, but on the H4 chart we see a bullish formation developing, with a breakout above VST resistance at 81.00 likely to see it advance to or very near 81.30 again.(HND)