USDJPY

The pair remains on track to extend its advance toward 114.40/50, a major static resistance area. Key support remains at 113.54, and a fall through could take it to 113.31 support level. On the other side, resistance still hold at 114.00, and a rise through could take it to the next resistance level of 114.20.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.92 113.23 113.39 113.70 113.86 114.17 114.33
WEEKLY 111.30 111.79 112.74 113.23 114.18 114.67 115.62
MONTHLY 108.04 109.21 111.50 112.67 114.96 116.13 118.42

EURUSD

The EUR/USD stalled the Asian bounce led by the latest Italian news below the 1.16 handle and entered a phase of consolidation heading into the Italian budget meeting scheduled later today at 1100 GMT. Support is seen at 1.1500/10 region and a fall through could take it further to the support level of 1.1480. On the flip side, resistance stands at 1.1620, and a rise through could take it to the next resistance level of 1.1660.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1438 1.1472 1.1512 1.1546 1.1586 1.1620 1.1660
WEEKLY 1.1263 1.1415 1.1512 1.1664 1.1761 1.1913 1.2010
MONTHLY 1.1195 1.1361 1.1483 1.1649 1.1771 1.1937 1.2059

GBPUSD

The GBPUSD is extending its steady recovery above 1.30000 handle as the market focus on PM May speech later today. Support stands at 1.2995 level and a fall through could take it to the next support level of 1.2978. On the flip side, resistance is seen at 1.3080, and a rise through could take it to the next resistance level of 1.3110.

GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2823 1.2882 1.2931 1.2990 1.3039 1.3098 1.3147
WEEKLY 1.2728 1.2864 1.2947 1.3083 1.3166 1.3302 1.3385
MONTHLY 1.2272 1.2529 1.2784 1.3041 1.3296 1.3553 1.3808

GOLD

Gold looks to break key resistance located at 1214 zone. This is coming following its corrective recovery off the 1,183.57. However, we expect the sideways range to continue. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level.

GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1177.20 1184.80 1197.10 1204.70 1217.00 1224.60 1236.90
WEEKLY 1157.26 1168.63 1180.06 1191.43 1202.86 1214.23 1225.66
MONTHLY 1146.64 1165.57 1180.14 1199.07 1213.64 1232.57 1247.14