USDJPY

With the US Federal Reserve Bank widely expected to hike rates tonight, the US Dollar is well supported against the Japanese Yen. Technical indicators remain bullish, suggesting that the 110.75 area should be breached in the coming session. Support is seen at 110.00 with resistance seen at 111.00 and 111.22 respectively.

USDJPY-13-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.74 109.92 110.18 110.36 110.62 110.80 111.06
WEEKLY 107.97 108.58 109.06 109.67 110.15 110.76 111.24
MONTHLY 104.19 106.15 107.48 109.44 110.77 112.73 114.06

EURUSD

The pair is trading sideways as investors are cautious ahead of the FOMC. The price is between 1.1500 and 1.1850 range with a break at 1.1855 target 1.20 area. Immediate support is seen at 1.1720, and a break below might indicate further downside movement toward the next support level of 1.1700.

EURUSD-13-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1644 1.1689 1.1719 1.1764 1.1794 1.1839 1.1869
WEEKLY 1.1477 1.1565 1.1666 1.1754 1.1855 1.1943 1.2044
MONTHLY 1.0858 1.1183 1.1437 1.1762 1.2016 1.2341 1.2595

GBPUSD

The GBP/USD is falling, trading around 1.3332, the lowest in a week and down 0.30% on the day. Sterling sells off ahead of the all-important UK inflation data which is expected to show an acceleration to 2.5% on the headline. Intraday bias in GBPUSD remains neutral with focus on 1.3330 support. In case of another rally, upside should be limited by 1.3617 resistance to bring reversal.

GBPUSD-13-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3256 1.3300 1.3337 1.3381 1.3418 1.3462 1.3499
WEEKLY 1.3134 1.3214 1.3313 1.3393 1.3492 1.3572 1.3671
MONTHLY 1.2507 1.2856 1.3078 1.3427 1.3649 1.3998 1.4220

GOLD

Gold has created a large pennant pattern, the hourly chart shows. A downside break of the pennant would signal a resumption of the sell-off from the high of 1326 has resumed and would open up downside towards 1260. For the precious metal, 1300 has proven to be a key barrier and intraday bias is bearish at this stage.

GOLD-13-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1289.10 1292.90 1296.00 1299.80 1302.90 1306.70 1309.80
WEEKLY 1278.16 1284.03 1291.06 1296.93 1303.96 1309.83 1316.86
MONTHLY 1248.86 1267.03 1283.56 1301.73 1318.26 1336.43 1352.96