Trend Theme：USD/JPY consolidates above 109.00 level, just off multi-month highs.
Trend Review：USD/JPY has traded flat for most of Monday’s session, amid subdued US dollar trading conditions. The pair did manage to squeeze out fresh multi-month highs above last Tuesday’s 109.23 high during Asia Pacific trade, but has since spent the majority of the rest of Monday trade consolidating between 109.00-109.20 parameters.
|PP||Resistance*||109.36 *||109.59 **||109.81 ***|
|109.14||Support*||108.90 *||108.68 **||108.45 ***|
Trend Theme：GBP/USD: Bulls and bears jostle around 1.3900.
Trend Review：GBP/USD struggles to keep late Monday’s recovery moves from 1.3852. Bearish momentum, failures to cross short-term resistance line favor sellers. 50-day SMA, 4.5-month-old support line challenge further downside.
|PP||Resistance*||1.3945 *||1.3996 **||1.4042 ***|
|1.3899||Support*||1.3848 *||1.3802 **||1.3751 ***|
Trend Theme：WTI stays calm above $65 after closing in the red last week.
Trend Review：Crude oil prices are fluctuating in a narrow band on Monday amid a lack of significant fundamental drivers. The barrel of West Texas Intermediate (WTI), which lost 1% last week, is currently trading flat on the day at $65.55.
|PP||Resistance*||66.42 *||67.54 **||68.65 ***|
|65.32||Support*||64.20 *||63.09 **||61.97 ***|
Trend Theme：Gold bulls stepping up to plate.
Trend Review：Gold prices on the verge of significant upside correction. Overnight, the yellow metal was attempting to break a key resistance area, albeit without conviction, travelling within a tight $1,721.72 and $1,734.57 range and ended by the bell on Wall Street up 0.25%.
|PP||Resistance*||1737.08 *||1742.31 **||1750.00 ***|
|1729.39||Support*||1724.16 *||1716.47 **||1711.24 ***|