USDJPY

USD/JPY pair struggled to build on the overnight late rebound and met with some fresh supply near the 111.00 handle during the Asian session. USD/JPY is expected to find support at 110.40, and a fall through could take it to the support level of 110.00. On the other side, resistance stands at 111.40, and a rise through could take it to the level of 112.00.

USDJPY-28-12-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.68 110.07 110.45 110.84 111.22 111.61 111.99
WEEKLY 111.05 111.65 112.52 113.12 113.99 114.59 115.46
MONTHLY 110.53 111.42 112.44 113.33 114.35 115.24 116.26

EURUSD

EUR/USD is heading towards 1.1500 ahead of the European market session, as markets edge out some risk appetite in the post-holiday market run before New Year’s. EUR/USD is expected to find support at 1.1425 and a fall through could take it further to the support level of 1.1400. On the other side, resistance stands at 1.1465, and a rise through could take it to the next resistance level of 1.1500. 

EURUSD-28-12-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1278 1.1318 1.1374 1.1414 1.1470 1.1510 1.1566
WEEKLY 1.1060 1.1164 1.1237 1.1341 1.1414 1.1518 1.1591
MONTHLY 1.0901 1.1058 1.1188 1.1345 1.1475 1.1632 1.1762

GBPUSD

GBP/USD pair is trying hard to take on its steady recovery mode from near 1.2640 lows, amid ongoing chaos around the Brexit deal. Support stands at 1.2625 and a fall through could take it to the next support level of 1.2600. On the other side, resistance stands at 1.2675, and a rise through could take it to the next resistance level of 1.2700.

GBPUSD-28-12-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2556 1.2586 1.2615 1.2645 1.2674 1.2704 1.2733
WEEKLY 1.2170 1.2323 1.2454 1.2607 1.2738 1.2891 1.3022
MONTHLY 1.2142 1.2433 1.2593 1.2884 1.3044 1.3335 1.3495

GOLD

Continues the uptrend trading at 1280. Gold is expected to find support at the level of 1,264.40 and a fall through could take it to 1,253.34 level. On the other side, resistance stands at 1,280.89, and a rise through could take it to the next resistance level of 1,285.00.

Gold-28-12-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1257.74 1263.42 1270.24 1275.92 1288.42 1295.24 1257.74
WEEKLY 1212.96 1224.73 1233.06 1244.83 1253.16 1264.93 1273.26
MONTHLY 1161.34 1181.87 1203.94 1224.47 1246.54 1267.07 1289.14