USDJPY

The USDJPY despite the limited volatility, retains its short-term bearish momentum. The offered tone around the US dollar keeps growing bigger, now pushing USD/JPY closer towards 113 handles. Immediate support is seen at 113.00 level and a break below here will extend the decline targeting 112.00 area. However, a break above 113.70 resistances might trigger upside pressure and focus to 114-115 handles.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.88 113.00 113.11 113.23 113.34 113.46 113.57
WEEKLY 111.21 111.76 112.53 113.08 113.85 114.40 115.17
MONTHLY 106.78 108.81 110.67 112.70 114.56 116.59 118.45

 

EURUSD

EURUSD resumes its last week’s upside bias, although remains confined within a familiar range near the upper-bound of 1.18 handle, as the bulls await fresh impetus for the next push higher. To the downside, support is seen at 1.1800 – 1.1700 level where the declines could be halted. From the other side if bulls manage to break above 1.1900, we might see further upside movement back to 1.2000 levels.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1811 1.1829 1.1843 1.1861 1.1875 1.1893 1.1907
WEEKLY 1.1604 1.1671 1.1768 1.1835 1.1932 1.1999 1.2096
MONTHLY 1.1244 1.1399 1.1652 1.1807 1.2060 1.2215 1.2468

 

GBPUSD

GBPUSD pair witnessed some volatility earlier, amid the withdraw in liquidity, although traded well within the familiar 30-pips range below 1.3400 handle. Key resistance remains at 1.3500 and clear move above that area could trigger further bullish pressure exposing 1.3600 key resistance. However, the downside is expected to remain vulnerable if the price breaks below 1.3300 support level.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3312 1.3330 1.3353 1.3371 1.3394 1.3412 1.3435
WEEKLY 1.3201 1.3256 1.3310 1.3365 1.3419 1.3474 1.3528
MONTHLY 1.2680 1.2859 1.3192 1.3371 1.3704 1.3883 1.4216

 

GOLD

Gold continues the bullish momentum as we are starting to see US dollar weakness. Intraday bias looks bullish targeting 1290 level and a break from here will target 1300. Support is seen at 1260.00 level where a break will expose 1230 region. The intraday outlook is bullish in the short to medium term.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1269.66 1273.73 1280.26 1284.33 1290.86 1294.93 1301.46
WEEKLY 1238.46 1247.03 1263.06 1271.63 1287.66 1296.23 1312.26
MONTHLY 1230.10 1250.10 1263.40 1283.40 1296.70 1316.70 1330.00