EURUSD Daily Analysis EURUSD (1.11): EURUSD managed to close with a bullish engulfing candlestick pattern on the daily chart after nearly 6-days of losing streak. Prices reversed off the lows near 1.1153. Further upside is likely provided 1.120 level of resistance is cleared in the near term which would keep EURUSD back inside the range of 1.13 – 1.12. On the 4-hour chart, the Stochastics has posted a higher high against price’s lower high which indicates a short term decline lower. Support at 1.113 to 1.1105 is critical in this aspect. USDJPY Daily Analysis USDJPY (113.65): USDJPY has managed to close on a bullish note yesterday marking a 7-day bullish run. Price action remains biased to the downside however unless the resistance at 114.7 – 114.35 is cleared. Support at 112.5 will be in focus as a break below this level could send USDJPY lower to 111.31 support, keeping prices subdued. GBPUSD Daily Analysis GBPUSD (1.42): GBPUSD closed on a bullish note yesterday closing above the 1.420 handle. A dip back to 1.42 could establish support ahead of further gains to 1.4430. The current resistance at 1.4247 – 1.4263 will likely keep the gains capped with a test of support at 1.4025 – 1.40 showing the daily session’s downside bias for a test of support. Gold Daily Analysis XAUUSD (1218): Gold prices managed to close bullish after a lower open yesterday. Prices closed near 1221 but the downside bias to 1200 remains. There is scope for Gold prices to post a rally towards the 1225 level of resistance ahead of the declines to 1200 which is likely to offer strong support, at least, the initial test to this level. The 4-hour chart currently shows a strong hidden bearish divergence which confirmed the downside bias. John Benjamin John Benjamin John is a market analyst for Orbex Ltd. and is a forex and equities trader having been involved in trading since late 2009. John makes use of a mix of technical and fundamental analysis and inter-market relationships. The analysis present here is a mix of intra-day analysis while considering the long term outlook of the markets as well. For any comments or questions, John can be reached at [email protected] View All Post By John Benjamin Daily Look share Read Next S&P500: Bullish reversal underway Gregor Horvat 7 years EURUSD Daily Analysis EURUSD (1.11): EURUSD managed to close with a bullish engulfing candlestick pattern on the daily chart after nearly 6-days of losing streak. Prices reversed off the lows near 1.1153. Further upside is likely provided 1.120 level of resistance is cleared in the near term which would keep EURUSD back inside the range of 1.13 - 1.12. On the 4-hour chart, the Stochastics has posted a higher high against price's lower high which indicates a short term decline lower. Support at 1.113 to 1.1105 is critical in this aspect. USDJPY Daily Analysis USDJPY (113.65): USDJPY has managed to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.