USDJPY

USD/JPY is continuing to climb in Tokyo trading and the pair has hit into new four-month highs, trading into 111. 10. USD/JPY is expected to find support at 110.55, and a fall through could take it to the next support level of 110.00. On the other side expected resistance stands at 111.00, and a rise through could take it to the next resistance level of 111.50.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.74 110.78 110.83 110.87 110.92 110.96 111.01
WEEKLY 107.72 108.46 109.60 110.34 111.48 112.22 113.36
MONTHLY 102.92 104.28 106.81 108.17 110.70 112.06 114.59

EURUSD

EUR/USD continues trading under pressure due to the political uncertainty in Italy, at 1.1745. Support stands at 1.1700, and a fall through could take it further to the next support level of 1.1650. On the other side resistance stands at 1.1780, and a rise through could take it to the next resistance level of 1.1825.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1743 1.1752 1.1758 1.1767 1.1773 1.1782 1.1788
WEEKLY 1.1435 1.1592 1.1685 1.1842 1.1935 1.2092 1.2185
MONTHLY 1.1590 1.1822 1.1950 1.2182 1.2310 1.2542 1.2670

GBPUSD

GBP/USD is trading down in early trading, kicking down below 1.3450 as the US Dollar makes a broad market recovery on easing trade fears. The pair is expected to find support at 1.3420, and a fall through could take it to the next support level of 1.3400. On the other side resistance stands at 1.3490, and a rise through could take it to the next resistance level of 1.3530.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3445 1.3454 1.3465 1.3474 1.3485 1.3494 1.3505
WEEKLY 1.3254 1.3353 1.3413 1.3512 1.3572 1.3671 1.3731
MONTHLY 1.2866 1.3290 1.3531 1.3955 1.4196 1.4620 1.4861

GOLD

Gold prices fell on Monday as U.S. Treasury Secretary Steven Mnuchin said on Sunday that a trade war between China and the U.S. is now on hold. Support stands at 1284.99, and a fall through could take it to the next support level of 1265.45. On the other side resistance stands at 1296.20, and a rise through could take it to the next resistance level of 1300.89.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1287.54 1288.57 1289.64 1290.67 1291.74 1292.77 1293.84
WEEKLY 1242.26 1263.73 1276.96 1298.43 1311.66 1333.13 1346.36
MONTHLY 1239.60 1274.60 1295.40 1330.40 1351.20 1386.20 1407.00