USDJPY

The USD/JPY continues to strengthen against the US Dollar, with a well-respected downtrend channel from early still very much in force. A clear break below the 105.20 might lead to short term downtrend towards 105.00 as 104.00 is exposed Resistance stands at 105.90 and a break above might lead 107.00 area.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 104.20 104.83 105.21 105.84 106.22 106.85 107.23
WEEKLY 102.33 103.79 104.77 106.23 107.21 108.67 109.65
MONTHLY 99.71 102.62 104.65 107.56 109.59 112.50 114.53

EURUSD

EUR/USD continued gaining for four consecutive trading days, heading into the European markets testing into 1.2430 looking to reclaim lost ground. On the upside, a breakout of 1.2340 might lead to 1.2500 resistance area as 1.2600 is on the horizon A clear break below 1.2300 might indicate downside movement towards 1.2200 level as 1.2100 is exposed.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2253 1.2291 1.2353 1.2391 1.2453 1.2491 1.2553
WEEKLY 1.1995 1.2074 1.2196 1.2275 1.2397 1.2476 1.2598
MONTHLY 1.1702 1.1945 1.2070 1.2313 1.2438 1.2681 1.2806

GBPUSD

GBP/USD is trading lazily ahead of the London market open, consolidating around the 1.3900 handle. Support stands at 1.3865 and a clear break below might indicate downside movement towards 1.3800 level. Key resistance holds at 1.3930 level and a break above will target the next resistance area 1.4000.

GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3723 1.3770 1.3835 1.3882 1.3947 1.3994 1.4059
WEEKLY 1.3295 1.3504 1.3654 1.3863 1.4013 1.4222 1.4372
MONTHLY 1.3062 1.3406 1.3584 1.3931 1.4106 1.4453 1.4628

GOLD

Gold prices were boosted as expected, due to the trade war fears leading the precious metal to a short-term uptrend. Resistance stands at 1340 and a clear break that level might lead to upside movement as 1345 is on the horizon. Support stands at 1330 and a clear break below will target 1300 handle.

GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1306.60 1314.00 1327.20 1334.60 1347.80 1355.20 1368.40
WEEKLY 1264.40 1284.00 1303.70 1323.30 1343.00 1362.60 1382.30
MONTHLY 1241.06 1275.03 1296.46 1330.43 1351.80 1385.83 1407.26