USDJPY

USD/JPY has started on the front foot in Tokyo rising from 113.11 to a high of 113.29 following a solid end to last week’s better bid performance where the pair climbed from the 111.80 regions to 113.37 the high. USD/JPY is expected to find support at 113.11, and a fall through could take it to the support level of 112.68. On the other side, resistance stands at 113.39, and a rise through could take it to the level of 113.62.

USDJPY-05-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.98 113.09 112.53 113.16 113.20 113.27 113.31
WEEKLY 110.56 111.17 112.19 112.80 113.82 114.43 115.45
MONTHLY 108.17 109.77 111.35 112.95 114.53 116.13 117.71

EURUSD

EUR/USD is currently trading back at 1.1393, after a better-than-expected non-farm payrolls number and the confusion surrounding the US-China trade deal put a bid under the dollar. The caution ahead of the midterm elections will likely keep the pair flatlined today. EUR/USD is expected to find support at 1.1373 and a fall through could take it further to the support level of 1.1346. On the other side, resistance stands at 1.1411, and a rise through could take it to the next resistance level of 1.1434.

EURUSD-05-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1379 1.1383 1.1391 1.1395 1.1403 1.1407 1.1415
WEEKLY 1.1149 1.1225 1.1306 1.1382 1.1463 1.1539 1.1620
MONTHLY 1.0869 1.1085 1.1198 1.1414 1.1527 1.1743 1.1856

GBPUSD

GBP/USD is trading near the 1.3000 handle but to the downside heading into Monday’s London market session, with little data on the docket and plenty of Brexit headlines going in both directions. GBP/USD is expected to find support at 1.2951 and a fall through could take it to the next support level of 1.2922. On the other side, resistance stands at 1.3018, and a rise through could take it to the next resistance level of 1.3040.

GBPUSD-05-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2972 1.2986 1.2996 1.3010 1.3020 1.3034 1.3044
WEEKLY 1.2420 1.2558 1.2766 1.2904 1.3112 1.3250 1.3458
MONTHLY 1.1991 1.2343 1.2555 1.2907 1.3119 1.3471 1.3683

GOLD

Gold prices on Comex slipped near 1,232.20 on Monday as traders awaited the U.S. mid-term elections and the Federal Reserve’s November meeting due later this week. Gold is expected to find support at the level of 1,229.53 and a fall through could take it to 1,226.57 level. On the other side, resistance stands at 1,236.55, and a rise through could take it to the next resistance level of 1,239.71.

GOLD-05-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1233.16 1233.73 1234.76 1235.33 1236.36 1236.93 1237.96
WEEKLY 1196.20 1204.10 1217.50 1225.40 1238.80 1246.70 1260.10
MONTHLY 1129.56 1156.63 1184.46 1211.53 1239.36 1266.43 1294.26