Key Price Levels for GBPUSD, EURUSD, EURJPY, and Gold – July 13 – 17, 2020

The market is upbeat.

Starting the week with dollar weakness, an extension of last week’s market sentiment.

The economic calendar this week is dotted with several news releases that affect the currency pairs we are trading.

Thursday, taking the fair share of news and then we crown the week with the G20 Meetings on Saturday.

The technicals still point to bullish EURUSD, GBPUSD, GOLD, EURJPY.

Below are the key levels to watch this week.

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Key Price levels this week.

EURUSD.

EURUSD-weekly-forecast

Pivot – 1.13011.

Resistance Levels: 1.13521, 1.13836, 1.14060, 1.14345.

Support Levels: 1.12502, 1.12187, 1.11963, 1.11677

GBPUSD.

GBPUSD-weekly-forecast

Pivot – 1.25826.

Resistance Levels: 1.26627, 1.27121, 1.27473, 1.27921.

Support levels. 1.25026, 1.24532, 1.24180, 1.23731

EURJPY.

EURJPY-weekly-forecast

Pivot – 121.003.

Resistance levels: 121.652, 122.053, 122.338, 122.702

Support levels: 120.354, 119.953, 119.668, 119.304

GOLD.

GOLD-weekly-forecast

Pivot – 1795.24.

Resistance levels: 1813.76, 1825.14, 1833.25, 1843.57.

Support Levels: 1776.91, 1765.53, 1757.43, 1747.11

Key Fundamentals this week.

Monday, July 13


GBP – BOE Gov Bailey Speaks

Tuesday, July 14

GBP – GDP m/m
EUR – French Bank Holiday
USD – CPI m/m
USD – Core CPI m/m

Wednesday, July 15

JPY – BOJ Outlook Report
JPY – Monetary Policy Statement
GBP – CPI y/y
JPY – BOJ Press Conference
USD – Industrial Production m/m
USD – Crude Oil Inventories

Thursday, July 16

GBP – Claimant Count Change
GBP – BOE Credit Conditions Survey
EUR – Main Refinancing Rate
EUR – Monetary Policy Statement
EUR – ECB Press Conference
USD – Core Retail Sales m/m
USD – Retail Sales m/m
USD – Philly Fed Manufacturing Index
USD – Unemployment Claims

Friday, July 17

GBP – BOE Gov Bailey Speaks
USD – Prelim UoM Consumer Sentiment

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Final remarks.

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Till next week.

Trade responsibly.

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