USDJPY

The risk remains skewed to the downside, with the pair currently trading at 112.75 level. Any weakness below the 112.65 region could get extended back towards the 112.25 region, which if broken should turn the pair vulnerable to break through the 112.00 handle and head towards testing 111.75-70 support area. A break above the 113.00 area will expose 113.15-20 region.

USDJPY-07-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.34 111.79 112.26 112.71 113.18 113.63 114.10
WEEKLY 111.68 112.27 112.87 113.46 114.06 114.65 115.25
MONTHLY 110.53 111.42 112.44 113.33 114.35 115.24 116.26

EURUSD

The pair now seems to have stabilized and was seen oscillating in a narrow trading band through the Asian session on Friday. Market participants now look forward to the closely watched US monthly jobs report, popularly known as NFP, for some meaningful impetus on the last trading day of the week. Key support still stands at 1.1300 and a fall through could take it further to the support level of 1.1260. On the other side, resistance stands at 1.1368, and a rise through could take it to the next resistance level of 1.1400.

EURUSD-07-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1238 1.1280 1.1328 1.1370 1.1418 1.1460 1.1508
WEEKLY 1.1118 1.1192 1.1255 1.1329 1.1392 1.1466 1.1529
MONTHLY 1.0901 1.1058 1.1188 1.1345 1.1475 1.1632 1.1762

GBPUSD

Sterling continues to trade with softer at around 1.2760 against the US Dollar ahead of November labour market report. The pair continues to trade sideways, in the range between 1.2800-1.2700 region. The 1.2800 handle might continue to act as an immediate strong barrier, with some intermediate resistance near the 1.2840-45 region. On the flip side, immediate support is now pegged near the 1.2750 area and is followed by the very important 1.2700 round figure mark.

GBPUSD-07-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2609 1.2655 1.2717 1.2763 1.2825 1.2871 1.2933
WEEKLY 1.2557 1.2641 1.2697 1.2781 1.2837 1.2921 1.2977
MONTHLY 1.2142 1.2433 1.2593 1.2884 1.3044 1.3335 1.3495

GOLD

Gold prices gained while the dollar was flat on Friday in Asia after Federal Reserve chairman Jerome Powell delivered a bullish assessment of the U.S. economy on Thursday. Short term support stands at 1233, and a fall through could take it to the next support level of 1228. On the other side resistance stands at 1244, and a rise through could take it to the next resistance level of 1260.

GOLD-07-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1228.71 1234.38 1238.56 1244.23 1248.41 1254.08 1258.26
WEEKLY 1198.80 1207.80 1216.90 1225.90 1235.00 1244.00 1253.10
MONTHLY 1161.34 1181.87 1203.94 1224.47 1246.54 1267.07 1289.14