USDJPY

Currently, the USD/JPY is trading at 112.80, having hit a session high of 112.88 and low of 112.65 earlier today. The currency pair’s retreat from the six-month high of 113.14 could be associated with the overbought conditions and signs of bullish exhaustion. USD/JPY is expected to find support at 112.64, and a fall through could take it to the support level of 112.30. On the other side resistance stands at 113.08, and a rise through could take it to the next resistance level of 113.37.

USDJPYH-19-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.22 112.47 112.64 112.89 113.06 113.31 113.48
WEEKLY 108.35 109.33 110.85 111.83 113.35 114.33 115.85
MONTHLY 107.06 107.89 109.29 110.12 111.52 112.35 113.75

EURUSD

The EUR/USD is mildly bid around 1.1646 but may surrender gains in Europe, courtesy of bearish technical setup and Yuan sell-off. The currency pair closed on a negative note at 1.1638 yesterday, validating Tuesday’s bearish outside-day candle. EUR/USD is expected to find support at 1.1632 and a fall through could take it further to the support level of 1.1603. On the other side resistance stands at 1.1672, and a rise through could take it to the next resistance level of 1.1696.

EURUSDH-19-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1546 1.1574 1.1609 1.1637 1.1672 1.1700 1.1735
WEEKLY 1.1420 1.1515 1.1600 1.1695 1.1780 1.1875 1.1960
MONTHLY 1.1167 1.1338 1.1511 1.1682 1.1855 1.2026 1.2199

GBPUSD

The GBP/USD is trading into 1.3080 heading into Thursday’s London session after a mild rebound from Wednesday’s lows as the U.K. currency was dragged down on weak inflation data and political turmoil related to Britain’s plans to leave the European Union. The pair is expected to find support at 1.3017 level and a fall through could take it to the next support level of 1.3000. On the other side resistance stands at 1.3150, and a rise through could take it to the next resistance level of 1.3202.

GBPUSDH-19-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2913 1.2962 1.3019 1.3068 1.3125 1.3174 1.3231
WEEKLY 1.2843 1.2973 1.3104 1.3234 1.3365 1.3495 1.3626
MONTHLY 1.2592 1.2821 1.3015 1.3244 1.3438 1.3667 1.3861

GOLD

Spot Gold fell to new one-year low at $1221 on Wednesday, in extension of previous day’s strong bearish acceleration after hawkish Fed boosted dollar. Oversold daily studies warn of corrective action in coming sessions, but so far without firmer signal. Gold is expected to find support at 1,220.87 and a fall through could take it to 1,217.57 level. On the other side first resistance stands at 1,233.17, and a rise through could take it to the next resistance level of 1,242.06.

GOLDH-19-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1214.24 1217.57 1222.34 1225.67 1230.44 1233.77 1238.54
WEEKLY 1211.50 1226.20 1232.90 1247.60 1254.30 1269.00 1275.70
MONTHLY 1165.26 1205.03 1228.16 1267.93 1291.06 1330.83 1353.96