USDJPY

There were no high-impact announcements on the economic calendar out of Japan this day, with the pair currently trading at 108.75. USD/JPY is expected to find support at 108.33, and a fall through could take it to the next support level of 108.10. On the other side expected resistance stands at 109.09, and a rise through could take it to the next resistance level of 109.38.

USDJPYH-31-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 107.70 108.04 108.39 108.73 109.08 109.42 109.77
WEEKLY 105.97 107.46 108.43 109.92 110.89 112.38 113.35
MONTHLY 102.92 104.28 106.81 108.17 110.70 112.06 114.59

EURUSD

The preliminary Eurozone May CPI releasing today at 09:00 GMT, could further boost Euro’s corrective rally. EUR/USD is expected to find support at 1.1518 – yesterday’s low, and a fall through could take it further to the support level of 1.1491. On the other side resistance stands at 1.1728, and a rise through could take it to the next resistance level of 1.1790.

EURUSDH-31-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1407 1.1463 1.1564 1.1620 1.1721 1.1777 1.1878
WEEKLY 1.1401 1.1523 1.1587 1.1709 1.1773 1.1895 1.1959
MONTHLY 1.1590 1.1822 1.1950 1.2182 1.2310 1.2542 1.2670

GBPUSD

GBP/USD moved upward to the 1.3315 levels, but the overall trend remains bearish. The pair is expected to find support at 1.3240 and a fall through could take it to the next support level of 1.3205. On the other side resistance stands at 1.3325, and a rise through could take it to the next resistance level of 1.3350.

GBPUSDH-31-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3184 1.3213 1.3249 1.3278 1.3314 1.3343 1.3379
WEEKLY 1.3038 1.3166 1.3237 1.3365 1.3436 1.3564 1.3635
MONTHLY 1.2866 1.3290 1.3531 1.3955 1.4196 1.4620 1.4861

GOLD

Gold is in a tight trading range between the 1290.00 and the 1,308.00 levels, making the yellow metal rather neutral. XAUUSD is expected to find support at 1295.87 -session’s low, and a fall through could take it to the next support level of 1292.93. On the other side resistance stands at 1305.35, and a rise through could take it to the next resistance level of 1307.89.

XAUUSDH-31-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1288.70 1292.00 1297.10 1300.40 1305.50 1308.80 1313.90
WEEKLY 1291.74 1289.57 1296.44 1294.27 1301.14 1298.97 1305.84
MONTHLY 1239.60 1274.60 1295.40 1330.40 1351.20 1386.20 1407.00