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).

Index: SSI1U [Technical Comment]

SSI1U has formed a piercing line pattern on the H1 chart, is likely to penetrate the psychological level of 10,000 based on the RSI and ADX indicators to target the nearest 10,035. (MT)

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).

Index: KOSPI1U [Technical Comment]

After successfully breaking above key VST resistance at 284.50, the next target for KOSPI1U is 285.60. First support is 284.05, and if this level holds in the near term, it may well rally to the 285.60 resistance. (MT)

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)

Commodity: OIL [Technical Comment]

OIL looks as if the recent consolidation after testing key support at 92.58 will result in a rebound to initial resistance at 94.50. A breakout above 94.50 will not come easily, but a successful move will place 95.56 as the next level to watch. A failure to pass 95.56 should see it slide back to or very near the support at 93.64. (HP)

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)