USDJPY

The USD/JPY is trading little changed at around 106.15 as the pressure on the US President increased to abandon the idea of tariffs implementation on imported iron and aluminum while Kuroda warned of risks to BOJ’s projected timing for hitting price goal. A clear break below the 105.20 might lead to short term downtrend towards 105.00 as 104.00 is exposed Resistance stands at 105.90 and a break above might lead 107.00 area.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 104.71 105.03 105.64 105.96 106.57 106.89 107.50
WEEKLY 102.33 103.79 104.77 106.23 107.21 108.67 109.65
MONTHLY 99.71 102.62 104.65 107.56 109.59 112.50 114.53

 

EURUSD

The USD/JPY is trading little changed at around 106.15 as the pressure on the US President increased to abandon the idea of tariffs implementation on imported iron and aluminum while Kuroda warned of risks to BOJ’s projected timing for hitting price goal. A clear break below the 105.20 might lead to short term downtrend towards 105.00 as 104.00 is exposed Resistance stands at 105.90 and a break above might lead 107.00 area.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2207 1.2238 1.2287 1.2318 1.2367 1.2397 1.2447
WEEKLY 1.1995 1.2074 1.2196 1.2275 1.2397 1.2476 1.2598
MONTHLY 1.1702 1.1945 1.2070 1.2313 1.2438 1.2681 1.2806

 

GBPUSD

GPBUSD is now losing the grip and returning to the negative territory in the 1.3830 area. Support stands at 1.3700 and a clear break below might indicate downside movement towards 1.3600 level. Key resistance holds at 1.3800 level and a break above will target the next resistance area 1. 3900

GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3676 1.3722 1.3786 1.3832 1.3896 1.3942 1.4006
WEEKLY 1.3295 1.3504 1.3654 1.3863 1.4013 1.4222 1.4372
MONTHLY 1.3062 1.3406 1.3584 1.3931 1.4106 1.4453 1.4628

 

GOLD

Gold prices edged, as sentiment on the greenback remained vulnerable amid uncertainty surrounding U.S. tariffs on steel and aluminum imports as well as elections in Italy. Support stands at 1315 and a clear break below will target 1300 handle. Resistance stands at 1327 and a clear break that level might lead to upside movement as 1345 is on the horizon.

GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1306.50 1312.40 1317.10 1323.00 1327.70 1333.60 1338.30
WEEKLY 1264.40 1284.00 1303.70 1323.30 1343.00 1362.60 1382.30
MONTHLY 1241.06 1275.03 1296.46 1330.43 1351.80 1385.83 1407.26