USDJPY

USD/JPY slides back closer to weekly lows, below 109.50. Support stands at 109.15, and a fall through could take it to the next support level of 109.00. On the other side resistance stands at 110.30, and a rise through could challenge 111.00 resistance area.

USDJPY-8-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.55 109.62 109.66 109.73 109.77 109.84 109.88
WEEKLY 106.77 107.44 108.49 109.16 110.21 110.88 111.93
MONTHLY 104.19 106.15 107.48 109.44 110.77 112.73 114.06

EURUSD

EUR/USD is currently trading at 1.1800 ahead of the G7 meetings. Support stands at 1.1760, and a break below might indicate further downside movement toward the next support level of 1.1700. On the other side resistance stands at 1.1840, and a rise through could take it to the next resistance level of 1.1900.

EURUSD-8-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1787 1.1790 1.1794 1.1797 1.1801 1.1804 1.1808
WEEKLY 1.1314 1.1410 1.1536 1.1632 1.1758 1.1854 1.1980
MONTHLY 1.0858 1.1183 1.1437 1.1762 1.2016 1.2341 1.2595

GBPUSD

The GBP/USD is trading close to the 1.3400 handle as the Sterling struggles to develop momentum with markets awaiting fresh headlines on Brexit. The pair is expected to find support at 1.3360 and a fall through could take it to the next support level of 1.3300. On the other side resistance stands at 1.3470, and a rise through could take it to the next resistance level of 1.3500.

GBPUSD-8-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3404 1.3408 1.3412 1.3416 1.3420 1.3424 1.3428
WEEKLY 1.3088 1.3146 1.3247 1.3305 1.3406 1.3464 1.3565
MONTHLY 1.2507 1.2856 1.3078 1.3427 1.3649 1.3998 1.4220

GOLD

Gold was trading lower in Asia on Friday as the dollar rebounded. Short term support stands at 1288, and a fall through could take it to the next support level of 1281.00. On the other side resistance stands at 1300, and a rise through could take it to the next resistance level of 1308.00.

GOLD-8-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1299.60 1299.90 1300.40 1300.70 1301.20 1301.50 1302.00
WEEKLY 1268.96 1278.93 1286.86 1296.83 1304.76 1314.73 1322.66
MONTHLY 1248.86 1267.03 1283.56 1301.73 1318.26 1336.43 1352.96