USDJPY

USD/JPY is trading into 111.30 as Asian market session begins to wrap it up, and the US Dollar is seeing some mild lift from recent lows near the 111.00 technical level. Support stands at 111.00 and a fall through could take it to 110.50. On the other side resistance stands at 112.00, and a rise through could challenge 112.50 resistance level.

USDJPY-06-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.06 111.11 111.17 111.22 111.28 111.33 111.39
WEEKLY 109.26 110.02 110.64 111.40 112.02 112.78 113.40
MONTHLY 107.50 108.89 110.39 111.78 113.28 114.67 116.17

EURUSD

The bearish sentiment remains unchanged dragging EUR/USD to fresh lows in the mid-1.1500s. A break below might indicate further downside movement towards the next support level of 1.1475. On the other side resistance stands at 1.1600, and a rise through could take it to the next resistance level of 1.1680.

EURUSD-06-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1547 1.1554 1.1558 1.1565 1.1569 1.1576 1.1580
WEEKLY 1.1317 1.1438 1.1503 1.1624 1.1689 1.1810 1.1875
MONTHLY 1.1360 1.1466 1.1578 1.1684 1.1796 1.1902 1.2014

GBPUSD

GBP/USD is testing weekly lows as Brexit concerns are back into full frontal view, and bearish pressures are keeping he GBP/USD capped near the year’s lows. Support stands at 1.2970 and a fall through could take it to the next support level of 1.2900 On the other side resistance stands at 1.3065, and a rise through could take it to the next resistance level of 1.3100.

GBPUSD-06-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2982 1.2991 1.2996 1.3005 1.3010 1.3019 1.3024
WEEKLY 1.2731 1.2853 1.2931 1.3053 1.3131 1.3253 1.3331
MONTHLY 1.2527 1.2742 1.2934 1.3149 1.3341 1.3556 1.3748

GOLD

Gold prices slipped after the dollar steadied after the Federal Reserve concluded a two-days policy meeting and gave an upbeat assessment on the U.S. economy. Short term support stands at 1215.00, and a fall through could take it to the next support level of 1210.00. On the other side resistance stands at 1220.00, and a rise through could take it to the next resistance level of 1225.00.

GOLD-06-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1220.20 1220.90 1222.00 1222.70 1223.80 1224.50 1225.60
WEEKLY 1180.50 1192.80 1203.50 1215.80 1226.50 1238.80 1249.50
MONTHLY 1152.24 1181.97 1202.84 1232.57 1253.44 1283.17 1304.04