EUR/USD
The single currency managed to break 1.3860-65 zone (highest price since last Monday the 14th April), followed by a drop during the US session to 1.3840 (a 61.8% Fibo of yesterdays low/high) where it found ground for a fresh attempt during today on 1.3878 (Yesterday�s high).
A break above yesterdays high � 1.3878 - would open further to the upside towards previous highs at 1.3904 and 1.3945 ahead of highest price of 13th March at 1.3970
Only below 1.3820-40 zone would open a negative tone for a test of 1.3780 area, and if broken a reversal of the trend towards lower borders.
Res: 1.3878, 1.3904, 1.3945, 1.3970
Sup: 1.3840, 1.3820, 1.3790, 1.3780
GBP/USD
A break above 1.6840 opened the path for a potential uptrend, reaching as far as 1.6855 ahead of 1.6875 (High of Nov 2009), a correction yesterday found ground at 1.6800 ahead of yesterdays low at 1.6778. Waiting for a test of 1.6875 area, and a break there would open higher ground towards 1.7055 (a 5 years high).
Below 1.6800 would offer a negative tone towards 1.6780 and 1.6760 next.
Res: 1.6855, 1.6875, 1.6925, 1.7055
Sup: 1.6800, 1.6780, 1.6760, 1.6747
USD/JPY
Positive tone dominated the pair yesterday for an attempt to reach as high as 102.62 (last Thursday�s high) followed by a corrective action to a low of 103.30 (a 50% Fibo of 101.96 Friday�s low and Yesterday�s high at 102.62), where it found support and currently testing 102.70 zone. A break above 102.70 would open a continuation towards 103.00 and 103.30 ahead of April�s high at 104.12
Support is seen at 102.20-30 zone where it should maintain the positive tone for a fresh highs, below there a negative more is expected towards 101.85 and 101.20 ahead of 101.50 support.
Res: 102.70, 103.00, 103.30, 104.12
Sup: 102.30, 102.20, 101.85, 101.50
GOLD
Spot Gold dropped almost 17 dollars after reaching important resistance at 1307, which was almost yesterday�s high. The next foreseeable support is found at 1287 where price is trading near this level, and a break there would open further to the downside towards 1276 and 1268 next.
Above 1299 would open a retest of yesterdays high and if broken an uptrend is expected towards 1320 and 1332
Res: 1304; 1307; 1320; 1332
Sup: 1298, 1287, 1276; 1258
