USDJPY

USD/JPY has been picked up by the bulls in the Tokyo open, targeting a break of level 110.00. Support stands at 109.30, and a fall through could take it to the next support level of 109.00. On the other side resistance stands at 110.00, and a rise through could challenge 111.00 resistance area.

USDJPY-06-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.06 109.27 109.58 109.79 110.10 110.31 110.62
WEEKLY 106.77 107.44 108.49 109.16 110.21 110.88 111.93
MONTHLY 104.19 106.15 107.48 109.44 110.77 112.73 114.06

EURUSD

EUR/USD closed above 1.1700 yesterday and currently is trading at 1.1715 ahead of the EU session. Support stands at 1.1630, and a break below might indicate further downside movement toward the next support level of 1.1600. On the other side resistance stands at 1.1745, and a rise through could take it to the next resistance level of 1.1800.

EURUSD-06-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1597 1.1625 1.1676 1.1704 1.1755 1.1783 1.1834
WEEKLY 1.1314 1.1410 1.1536 1.1632 1.1758 1.1854 1.1980
MONTHLY 1.0858 1.1183 1.1437 1.1762 1.2016 1.2341 1.2595

GBPUSD

GBP/USD is trading up above the 1.3400 handle ahead London market session after being buoyed by improved risk sentiment. The pair is expected to find support at 1.3375 and a fall through could take it to the next support level of 1.3300. On the other side resistance stands at 1.3450, and a rise through could take it to the next resistance level of 1.3500.

GBPUSD-06-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3224 1.3263 1.3335 1.3374 1.3446 1.3485 1.3557
WEEKLY 1.3088 1.3146 1.3247 1.3305 1.3406 1.3464 1.3565
MONTHLY 1.2507 1.2856 1.3078 1.3427 1.3649 1.3998 1.4220

GOLD

Gold price bounced from yesterday’s lows of 1290 back to 1297 levels. Support stands at 1288, and a fall through could take it to the next support level of 1284.75. On the other side resistance stands at 1300, and a rise through could take it to the next resistance level of 1308.00.

GOLD-06-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1283.66 1288.63 1294.86 1299.83 1306.06 1311.03 1317.26
WEEKLY 1268.96 1278.93 1286.86 1296.83 1304.76 1314.73 1322.66
MONTHLY 1248.86 1267.03 1283.56 1301.73 1318.26 1336.43 1352.96