USDJPY

Dollar is gaining against the Yen as broader markets try to recover from last week’s reversal of risk flows, with the Retail Sales data for the US due later this week will provide the direction for the pair. Yen’s uptrend caused by the Turkish contagion fears will likely fade if trade tensions also remain calm for the time being. USD/JPY is expected to find support at 110.09, and a fall through could take it to the support level of 109.69. On the other side resistance stands at 111.17, and a rise through could take it to the next resistance level of 111.53.

USDJPYH-14-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.37 109.74 110.19 110.56 111.01 111.38 111.83
WEEKLY 109.40 109.95 110.44 110.99 111.48 112.03 112.52
MONTHLY 107.50 108.89 110.39 111.78 113.28 114.67 116.17

EURUSD

The preliminary reading of Germany’s GDP will be released at 06:00GMT today and it might push the EUR/USD beyond the 1.1400 figure, after the pair has hit a new year low on Monday’s session. EUR/USD is expected to find support at 1.1364 and a fall through could take it further to the support level of 1.1335. On the other side resistance stands at 1.1433, and a rise through could take it to the next resistance level of 1.1463.

EURUSDH-14-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1299 1.1332 1.1367 1.1400 1.1435 1.1468 1.1503
WEEKLY 1.1076 1.1230 1.1321 1.1475 1.1566 1.1720 1.1811
MONTHLY 1.1360 1.1466 1.1578 1.1684 1.1796 1.1902 1.2014

GBPUSD

The GBP/USD is trading into 1.2765 ahead of London’s upcoming market session for Tuesday, with UK’s unemployment rate and earnings report in focus for the day. The pair is expected to find support at 1.2721 level and a fall through could take it to the next support level of 1.2680. On the other side resistance stands at 1.2833, and a rise through could take it to the next resistance level of 1.2886.

GBPUSDH-14-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2669 1.2700 1.2730 1.2761 1.2791 1.2822 1.2852
WEEKLY 1.2359 1.2541 1.2655 1.2837 1.2951 1.3133 1.3247
MONTHLY 1.2527 1.2742 1.2934 1.3149 1.3341 1.3556 1.3748

GOLD

Gold fell below $1,200 mark on Monday despite the turmoil in Turkey, as the yellow metal seems to continue to lose the safe haven appeal. Gold is expected to find support at the level of 1,191.40 and a fall through could take it to 1,184.27 level. On the other side first resistance stands at 1,200.00, and a rise through could take it to the next resistance level of 1,205.51.

GOLDH-14-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1170.64 1184.67 1192.14 1206.17 1213.64 1227.67 1235.14
WEEKLY 1194.86 1200.23 1205.66 1211.03 1216.46 1221.83 1227.26
MONTHLY 1152.24 1181.97 1202.84 1232.57 1253.44 1283.17 1304.04