USD/JPY

USD/JPY seesaws around 107.20, near the recently flashed intraday high of 107.26, amid the initial trading on Thursday. In doing so, the yen pair takes the bids near the one-week high while also staying below a falling trend line since June 10. USD/JPY could find support at 107.00 and a fall through may take it further to the support level of 106.86. On the other side, resistance could stand at 107.35, and a rise through may take it to the next resistance level of 107.48.
USDJPY-25-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.87 106.12 106.58 106.83 107.28 107.54 107.99
1 WEEK 105.51 106.09 106.48 107.06 107.45 108.03 108.43
1 MONTH 104.38 105.18 106.49 107.29 108.60 109.40 110.71

EURUSD

EUR/USD could extend the downside below 1.1250, where it currently sits, in the early European session. Following yesterday’s 75-pips sell-off, the pair may move further down as the EU-US trade tensions could further boost the safe-haven dollar. Focus shifts on ECB minutes. EUR/USD could find support at 1.1223 and a fall through may take it further to the support level of 1.1206. On the other side, resistance could stand at 1.1266, and a rise through may take it to the next resistance level of 1.1291.
EURUSD-25-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1147 1.1197 1.1225 1.1276 1.1304 1.1355 1.1383
1 WEEK 1.0927 1.1047 1.1113 1.1233 1.1298 1.1419 1.1484
1 MONTH 1.0482 1.0624 1.0862 1.1004 1.1242 1.1384 1.1622

GBPUSD

GBP/USD stretches Wednesday’s losses to refresh three-day low near 1.2400. EU’s softening of stance suggests upbeat start to the next week’s Brexit talks. The US dollar benefits from broad risk-aversion amid trade war and virus fears. GBP/USD could find support at 1.2375 and a fall through may take it further to the support level of 1.2347. On the other side, resistance could stand at 1.2443, and a rise through may take it to the next resistance level of 1.2464.
GBPUSD-25-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2245 1.2330 1.2375 1.2459 1.2504 1.2588 1.2633
1 WEEK 1.1892 1.2118 1.2238 1.2463 1.2583 1.2808 1.2928
1 MONTH 1.1552 1.1814 1.2080 1.2341 1.2607 1.2868 1.3135

GOLD

Gold is trading near $1,764 in Thursday’s early session. The yellow metal bounced off $1,757, following concerns suggesting escalations in the global trade wars. The safe-haven demand of the metal increased possibly due to the worsening of the coronavirus conditions in the US and grim comments from the International Monetary Fund. Gold could find support at 1,754.50 and a fall through may take it further to the support level of 1,747.90. On the other side, resistance could stand at 1,771.30, and a rise through may take it to the next resistance level of 1,777.50.
Gold-25-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1739.60 1755.10 1765.10 1780.60 1790.60 1806.10 1816.10
1 WEEK 1664.46 1685.33 1719.16 1740.03 1773.86 1794.73 1828.56
1 MONTH 1594.60 1635.50 1693.60 1734.50 1792.60 1833.50 1891.60