USDJPY

The Dollar rallied against the Yen during most part of yesterday’s trading session, as it continuing to garner safe haven bids in the wake of weakness in emerging market currencies. However, the Dollar faced pressure from the Pound over Brexit, and started today’s session on a weaker note. USD/JPY is expected to find support at 111.20, and a fall through could take it to the support level of 111.06. On the other side, resistance stands at 111.56, and a rise through could take it to the next resistance level of 111.71.

USDJPYH-06-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.96 111.18 111.32 111.54 111.68 111.90 112.04
WEEKLY 109.38 110.03 110.54 111.19 111.70 112.35 112.86
MONTHLY 107.44 108.61 109.82 110.99 112.20 113.37 114.58

EURUSD

EUR/USD trading higher in early Thursday session, currently around the 1.1630 level, as the Euro markets are capitalizing on the USD’s retreat, backed by a recovery of risk appetite as it looks like EU leaders and UK are willing to make concessions in Brexit negotiations. EUR/USD is expected to find support at 1.1570 and a fall through could take it further to the support level of 1.1542. On the other side, resistance stands at 1.1657, and a rise through could take it to the next resistance level of 1.1682.

EURUSDH-06-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1482 1.1513 1.1574 1.1605 1.1666 1.1697 1.1758
WEEKLY 1.1395 1.1490 1.1545 1.1640 1.1695 1.1790 1.1845
MONTHLY 1.0919 1.1109 1.1355 1.1545 1.1791 1.1981 1.2227

GBPUSD

GBP/USD pair is trying to hold steady around the 1.2910 level, ahead of today’s London market session. On Wednesday, the Pound sharply rose up to 1.2982, from the lows 1.2783 after fears of Britain leaving the European Union with no comprehensive agreement faded. The pair is expected to find support at 1.2891 level and a fall through could take it to the next support level of 1.2862. On the other side, resistance stands at 1.2954, and a rise through could take it to the next resistance level of 1.3000.

GBPUSDH-06-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2608 1.2697 1.2805 1.2894 1.3002 1.3091 1.3199
WEEKLY 1.2630 1.2730 1.2846 1.2946 1.3062 1.3162 1.3278
MONTHLY 1.2217 1.2440 1.2701 1.2924 1.3185 1.3408 1.3669

GOLD

Gold prices rebounded on Wednesday, and continue to rise in the Asian session today, but were unable to to break through resistance at the psychological level of 1,200. The weak tone in the USD is likely pushing gold higher. Gold is expected to find support at the level of 1,192.12 and a fall through could take it to 1,185.61 level. On the other side, resistance stands at 1,201.11, and a rise through could take it to the next resistance level of 1,205.11.

GOLDH-06-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1190.60 1193.50 1198.20 1201.10 1205.80 1208.70 1213.40
WEEKLY 1170.86 1183.43 1191.86 1204.43 1212.86 1225.43 1233.86
MONTHLY 1104.26 1132.83 1166.56 1195.13 1228.86 1257.43 1291.16