USDJPY

Overnight data revealed that Japan posted a trade deficit in May, and with a lack of economic releases in Japan today, traders would focus on global macroeconomic events for further direction. USD/JPY is expected to find support at 110.29, and a fall through could take it to the psychological support level of 110.00. On the other side expected resistance stands at 110.73, and a rise through could take it to the next resistance level of 110.90.

USDJPYH-18-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.40 110.49 110.56 110.65 110.72 110.81 110.88
WEEKLY 107.92 108.57 109.62 110.27 111.32 111.97 113.02
MONTHLY 104.19 106.15 107.48 109.44 110.77 112.73 114.06

EURUSD

The Euro is in the process of recovering after dropping down to 1.1542 on Friday. The escalating US-China trade tensions and Merkel-Bavarian row on migrant crisis signal a bearish technical setup and it seems that the path of least resistance is to the downside. EUR/USD is expected to find support at 1.1540 and a fall through could take it further to the support level of 1.1510. On the other side resistance stands at 1.1627, and a rise through could take it to the next resistance level of 1.1660.

EURUSDH-18-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1573 1.1581 1.1587 1.1595 1.1601 1.1609 1.1615
WEEKLY 1.1173 1.1358 1.1483 1.1668 1.1793 1.1978 1.2103
MONTHLY 1.0858 1.1183 1.1437 1.1762 1.2016 1.2341 1.2595

GBPUSD

With no major economic releases in the UK today, GBPUSD will be affected by other global economic events. The pair is expected to find support at 1.3230 and a fall through could take it to the next support level of 1.3210. On the other side resistance stands at 1.3297, and a rise through could take it to the next resistance level of 1.3340.

GBPUSDH-18-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3252 1.3259 1.3268 1.3275 1.3284 1.3291 1.3300
WEEKLY 1.2944 1.3078 1.3181 1.3315 1.3418 1.3552 1.3655
MONTHLY 1.2507 1.2856 1.3078 1.3427 1.3649 1.3998 1.4220

GOLD

Gold prices dropped to a 5-month low on Friday, after prices breached below key support of $1,280 per ounce. XAUUSD is expected to find support at 1275.30 – Friday’s low and a fall through could take it to the next support level of 1260.35. On the other side first resistance stands at 1382.45, and a rise through could take it to the next resistance level of 1297.35.

GOLDH-18-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1278.04 1279.27 1281.44 1282.67 1284.84 1286.07 1288.24
WEEKLY 1229.46 1251.73 1263.16 1285.43 1296.86 1319.13 1330.56
MONTHLY 1248.86 1267.03 1283.56 1301.73 1318.26 1336.43 1352.96