USDJPY

USD/JPY had picked up a bid in early Asia. Support stands at 110.30 and a fall through could take it to the next support level of 110.00. On the other side resistance stands at 111.35, and a rise through could challenge 111.50 resistance level.

USDJPY-11-07-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.10 110.45 110.65 111.00 111.20 111.55 111.75
WEEKLY 109.23 109.75 110.10 110.62 110.97 111.49 111.84
MONTHLY 107.06 107.89 109.29 110.12 111.52 112.35 113.75

EURUSD

EUR/USD is flirting with confluence of key moving averages ahead of Draghi speech. Support stands at 1.1660, and a break below might indicate further downside movement towards the next support level of 1.1570. On the other side resistance stands at 1.1795, and a rise through could take it to the next resistance level of 1.1820.

EURUSD-11-07-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1622 1.1657 1.1692 1.1727 1.1762 1.1797 1.1832
WEEKLY 1.1457 1.1524 1.1635 1.1702 1.1813 1.1880 1.1991
MONTHLY 1.1167 1.1338 1.1511 1.1682 1.1855 1.2026 1.2199

GBPUSD

GBP/USD besides President Draghi’s speech, focuses also on BOE Governor Carney speech. The pair is expected to find support at 1.3230 and a fall through could take it to the next support level of 1.3200. On the other side resistance stands at 1.3290, and a rise through could take it to the next resistance level of 1.3320.

GBPUSD-11-07-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3144 1.3184 1.3221 1.3261 1.3298 1.3338 1.3375
WEEKLY 1.2957 1.3026 1.3155 1.3224 1.3353 1.3422 1.3551
MONTHLY 1.2592 1.2821 1.3015 1.3244 1.3438 1.3667 1.3861

GOLD

Gold dropped to a fresh weekly low at $1247 earlier today but retraced the majority of its daily losses in the NA session. Short term support stands at 1250.00, and a fall through could take it to the next support level of 1240.00. On the other side resistance stands at 1255.00, and a rise through could take it to the next resistance level of 1265.00.

GOLD-11-07-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1236.06 1241.93 1249.16 1255.03 1262.26 1268.13 1275.36
WEEKLY 1218.00 1227.50 1240.90 1250.40 1263.80 1273.30 1286.70
MONTHLY 1165.26 1205.03 1228.16 1267.93 1291.06 1330.83 1353.96