USDJPY

The Yen outperformed amid risk-aversion and speculations that the BoJ may tweak its monetary policy stimulus at its meeting scheduled next week. The USD/JPY pair has dropped to a three-week low at 110.75, and currently is trying to make a bounce back to 111.00. USD/JPY is expected to find support at 110.84, and a fall through could take it to the support level of 110.58. On the other side resistance stands at 111.95, and a rise through could take it to the next resistance level of 112.37.

USDJPYH-23-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.46 110.76 110.91 111.21 111.36 111.66 111.81
WEEKLY 109.01 110.20 110.80 111.99 112.59 113.78 114.38
MONTHLY 107.06 107.89 109.29 110.12 111.52 112.35 113.75

EURUSD

The Euro dipped last week, but the 1.1580 support area acted as a strong barrier against the US Dollar. The EUR/USD pair has then sharply recovered and started the week above the 1.17 levels, currently at 1.1727. EUR/USD is expected to find support at 1.1662 and a fall through could take it further to the support level of 1.1622. On the other side resistance stands at 1.1751, and a rise through could take it to the next resistance level of 1.1790.

EURUSDH-23-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1708 1.1716 1.1729 1.1737 1.1750 1.1758 1.1771
WEEKLY 1.1442 1.1508 1.1614 1.1680 1.1786 1.1852 1.1958
MONTHLY 1.1167 1.1338 1.1511 1.1682 1.1855 1.2026 1.2199

GBPUSD

A steeply-bearish British Pound continues to be hampered by Brexit concerns, as the EU leaders in Brussels have rejected UK Prime Minister Theresa May’s latest “third option” Brexit proposal. The pair is expected to find support at 1.3015 level and a fall through could take it to the next support level of 1.2955. On the other side resistance stands at 1.3155, and a rise through could take it to the next resistance level of 1.3200.

GBPUSDH-23-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3101 1.3111 1.3128 1.3138 1.3155 1.3165 1.3182
WEEKLY 1.2625 1.2791 1.2962 1.3128 1.3299 1.3465 1.3636
MONTHLY 1.2592 1.2821 1.3015 1.3244 1.3438 1.3667 1.3861

GOLD

The commodity looks to strengthen further after rejecting lower prices the past week, taking advantage, the dollar plunge from Trump’s comments. Gold is expected to find support at 1,221.16 and a fall through could take it to 1,216.67 level. On the other side first resistance stands at 1,235.32, and a rise through could take it to the next resistance level of 1,242.06.

GOLDH-23-07-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1227.74 1228.97 1230.94 1232.17 1234.14 1235.37 1237.34
WEEKLY 1180.76 1196.23 1212.86 1228.33 1244.96 1260.43 1277.06
MONTHLY 1165.26 1205.03 1228.16 1267.93 1291.06 1330.83 1353.96