USDJPY

The US dollar continues to tumble lower against the Japanese yen currency, as risk-off trading sentiment and the sell-off in global equity markets worsens. The pair is now strongly bearish below the 112.55 level. Sellers will likely attempt to break the 112.00 support level, while intraday buyers need to stabilize price above the 112.55 level. Key support found at the 112.00 and 111.10 levels while key resistance is 112.90.

USDJPY-11-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.46 111.26 111.68 112.48 112.90 113.70 114.12
WEEKLY 112.26 112.89 113.30 113.93 114.34 114.97 115.38
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

The euro currency has moved well above 1.1553 level against the greenback after the US dollar index was sold sharply lower on Wednesday. The EURUSD pair is likely to advance higher while trading above the 1.1553 level, a bullish inverted head and shoulders pattern is now clearly visible with a large upside projection. The pair is intraday bullish while trading above the 1.1490 level, key technical resistance is now found at the 1.1600 and 1.1650 levels.

EURUSD-11-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1428 1.1454 1.1493 1.1519 1.1558 1.1584 1.1623
WEEKLY 1.1283 1.1373 1.1449 1.1539 1.1615 1.1705 1.1781
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

The pair added additional gains and is moving towards the 1.3265-70 horizontal zone en-route the 1.3300 mark. The upward trend will likely to continue and a breach above 1.3300 mark will expose 1.3500 level. On the flip side, the 1.3200 handle, closely followed by the 1.3180 level is likely to protect the immediate downside. Any ensuing weakness below the mentioned support will expose the 1.3100 mark.

GBPUSD-11-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3077 1.3107 1.3156 1.3186 1.3235 1.3265 1.3314
WEEKLY 1.2780 1.2850 1.2986 1.3056 1.3192 1.3262 1.3398
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices are surging ahead as investor confidence evaporates in the mid-week, and the precious metal has added nearly $10 per ounce to its market price from Wednesday’s low. The prices broke above the 1195 level, now its targeting the 1200 level next. Expected trading range for today is between 1170.00 support and 1200.00 resistance.

GOLD-11-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1181.24 1184.87 1191.14 1194.77 1201.04 1204.67 1210.94
WEEKLY 1169.14 1177.47 1189.34 1197.67 1209.54 1217.87 1229.74
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34