USDJPY

The US dollar has pulled back during the trading session on Thursday, reaching as low as 111.30 level, but later recovered as the market awaits the jobs number coming out today. USD/JPY is expected to find support at 111.30 – yesterday’s low, and a fall through could take it to the support level of 111.00. On the other side resistance stands at 111.98, and a rise through could take it to the next resistance level of 112.15.

USDJPYH-03-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.06 111.20 111.45 111.59 111.84 111.98 112.23
WEEKLY 109.61 110.10 110.58 111.07 111.55 112.04 112.52
MONTHLY 107.50 108.89 110.39 111.78 113.28 114.67 116.17

EURUSD

The EUR/USD seems to continue its decline, currently trading slightly below 1.1600 major level at 1.1592. Eurozone’s Markit PMI and the US Jobs data will shape the movement of the pair. EUR/USD is expected to find support at 1.1559 and a fall through could take it further to the support level of 1.1526. On the other side resistance stands at 1.1621, and a rise through could take it to the next resistance level of 1.1650.

EURUSDH-03-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1470 1.1526 1.1555 1.1611 1.1640 1.1696 1.1725
WEEKLY 1.1473 1.1547 1.1603 1.1677 1.1733 1.1807 1.1863
MONTHLY 1.1360 1.1466 1.1578 1.1684 1.1796 1.1902 1.2014

GBPUSD

Early Asian market hours today saw GBP/USD move slightly below 1.3020, as the pair gained some bearish momentum yesterday after the BoE’s statement and interest rate hike as investors view the rate hike as a bearish sign. The pair is expected to find support at 1.2955 level and a fall through could take it to the next support level of 1.2900. On the other side resistance stands at 1.3088, and a rise through could take it to the next resistance level of 1.3126.

GBPUSDH-03-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2868 1.2941 1.2979 1.3052 1.3090 1.3163 1.3201
WEEKLY 1.2901 1.2986 1.3045 1.3130 1.3189 1.3274 1.3333
MONTHLY 1.2527 1.2742 1.2934 1.3149 1.3341 1.3556 1.3748

GOLD

Gold’s sell-off has stalled around $1,205 – the lowest level since July 2017, possibly due to hourly relative strength index reporting oversold conditions. However, bears remain in control as indicated by the long-run bearish breakdown. Gold is expected to find support at the psychological level of 1,200.00 and a fall through could take it to 1,195.00 level. On the other side first resistance stands at 1,215.01, and a rise through could take it to the next resistance level of 1,219.16.

GOLDH-03-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1197.90 1206.60 1211.50 1220.20 1225.10 1233.80 1238.70
WEEKLY 1214.66 1218.33 1220.46 1224.13 1226.26 1229.93 1232.06
MONTHLY 1152.24 1181.97 1202.84 1232.57 1253.44 1283.17 1304.04