USDJPY

USD/JPY is under pressure trading currently at 111.50. Support stands at 111.00 and a fall through could take it to the next support level of 110.50. On the other side resistance stands at 112.00, and a rise through could challenge 112.50 resistance level.

USDJPY-02-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.56 110.98 111.31 111.73 112.06 112.48 112.81
WEEKLY 109.61 110.10 110.58 111.07 111.55 112.04 112.52
MONTHLY 107.06 107.89 109.29 110.12 111.52 112.35 113.75

EURUSD

EUR/USD is on bearish sentiment testing the support level at 1.1640 targeting the weekly lows. A break below might indicate further downside movement towards the next support level of 1.1570. On the other side resistance stands at 1.1680, and a rise through could take it to the next resistance level of 1.1700.

EURUSD-02-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1605 1.1631 1.1647 1.1673 1.1689 1.1715 1.1731
WEEKLY 1.1473 1.1547 1.1603 1.1677 1.1733 1.1807 1.1863
MONTHLY 1.1167 1.1338 1.1511 1.1682 1.1855 1.2026 1.2199

GBPUSD

GBP/USD is trading into familiar territory at 1.3100 for the week, ahead of the Bank of England’. The pair is expected to find support at 1.3100 and a fall through could take it to the next support level of 1.3070. On the other side resistance stands at 1.3180, and a rise through could take it to the next resistance level of 1.3200.

GBPUSD-02-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3052 1.3074 1.3100 1.3122 1.3148 1.3170 1.3196
WEEKLY 1.2901 1.2986 1.3045 1.3130 1.3189 1.3274 1.3333
MONTHLY 1.2592 1.2821 1.3015 1.3244 1.3438 1.3667 1.3861

GOLD

Gold prices slipped after the dollar steadied after the Federal Reserve concluded a two-days policy meeting and gave an upbeat assessment on the U.S. economy. Short term support stands at 1215.00, and a fall through could take it to the next support level of 1210.00. On the other side resistance stands at 1220.00, and a rise through could take it to the next resistance level of 1225.00.

GOLD-02-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1203.40 1208.90 1212.40 1217.90 1221.40 1226.90 1230.40
WEEKLY 1214.66 1218.33 1220.46 1224.13 1226.26 1229.93 1232.06
MONTHLY 1165.26 1205.03 1228.16 1267.93 1291.06 1330.83 1353.96