USDJPY

Moves in U.S. yields remain the focus as the dollar strengthens against the yen. USD/JPY is expected to find support at 110.03, and a fall through could take it to the next support level of 109.81. On the other side expected resistance stands at 111.01, and a rise through could take it to the next resistance level of 111.50.

USDJPYH-18-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.56 109.82 110.34 110.60 111.12 111.38 111.90
WEEKLY 107.47 108.11 108.75 109.39 110.03 110.67 111.31
MONTHLY 102.92 104.28 106.81 108.17 110.70 112.06 114.59

EURUSD

This week EUR/USD had set a five-month low of 1.1763 as it came under pressure on renewed concerns on Italy, backed up by upbeat U.S. economic data and disappointing indicators out of the euro zone. EUR/USD is expected to find support at 1.1763, and a fall through could take it further to the support level of 1.1717. On the other side resistance stands at 1.1852, and a rise through could take it to the next resistance level of 1.1891.

EURUSDH-18-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1708 1.1743 1.1767 1.1802 1.1826 1.1861 1.1885
WEEKLY 1.1695 1.1759 1.1852 1.1916 1.2009 1.2073 1.2166
MONTHLY 1.1590 1.1822 1.1950 1.2182 1.2310 1.2542 1.2670

GBPUSD

GBP/USD is still trading into 1.3500, with the Pound ending a rough week of trading against the dollar. The pair is expected to find support at 1.3451, and a fall through could take it to the next support level of 1.3406. On the other side resistance stands at 1.3569, and a rise through could take it to the next resistance level of 1.3607.

GBPUSDH-18-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3372 1.3423 1.3467 1.3518 1.3562 1.3613 1.3657
WEEKLY 1.3301 1.3380 1.3461 1.3540 1.3621 1.3700 1.3781
MONTHLY 1.2866 1.3290 1.3531 1.3955 1.4196 1.4620 1.4861

GOLD

Gold prices slipped amid rising U.S. treasury yields and a stronger dollar, hitting the lowest level since December 27th. XAUUSD is expected to find support at 1284.99, and a fall through could take it to the next support level of 1260.45. On the other side resistance stands at 1298.20, and a rise through could take it to the next resistance level of 1314.89.

GOLDH-18-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1274.70 1279.50 1284.10 1288.90 1293.50 1298.30 1302.90
WEEKLY 1302.84 1305.67 1312.34 1315.17 1321.84 1324.67 1331.34
MONTHLY 1239.60 1274.60 1295.40 1330.40 1351.20 1386.20 1407.00