USDJPY

US dollar rallied against the Yen in yesterday’s session, with USD/JPY extending the upside in Asia today. Currently the pair is trading through the 111.50 level as the yen showed some resistance after hitting as high as 111.70. USD/JPY is expected to find support at 111.30, and a fall through could take it to the support level of 111.06. On the other side, resistance stands at 111.81, and a rise through could take it to the next resistance level of 112.15.

USDJPYH-05-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.44 110.67 111.07 111.30 111.70 111.93 112.33
WEEKLY 109.38 110.03 110.54 111.19 111.70 112.35 112.86
MONTHLY 107.44 108.61 109.82 110.99 112.20 113.37 114.58

EURUSD

EUR/USD closed on a weak note at 1.1528 yesterday as the uptick in the treasury yields put a bid under the Dollar, but since then recover back to 1.1590 in today’s session. EUR/USD is expected to find support at 1.1528 and a fall through could take it further to the support level of 1.1500. On the other side, resistance stands at 1.1619, and a rise through could take it to the next resistance level of 1.1640.

EURUSDH-05-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1457 1.1494 1.1540 1.1577 1.1623 1.1660 1.1706
WEEKLY 1.1395 1.1490 1.1545 1.1640 1.1695 1.1790 1.1845
MONTHLY 1.0919 1.1109 1.1355 1.1545 1.1791 1.1981 1.2227

GBPUSD

GBP/USD bounced back into 1.2855 after a dipping as low as 1.2810 on Tuesday, backed mainly by BoE’s Carney maintaining his tenure as head of UK’s central bank. Assisted by a slipping dollar, the major pair manage to mark a potential support zone. The pair is expected to find support at 1.2825 level and a fall through could take it to the next support level of 1.2800. On the other side, resistance stands at 1.2891, and a rise through could take it to the next resistance level of 1.2920.

GBPUSDH-05-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2763 1.2787 1.2823 1.2847 1.2883 1.2907 1.2943
WEEKLY 1.2630 1.2730 1.2846 1.2946 1.3062 1.3162 1.3278
MONTHLY 1.2217 1.2440 1.2701 1.2924 1.3185 1.3408 1.3669

GOLD

Gold has posted sharp losses in yesterday’s NA session, with the price for one ounce of gold reaching as low as $1,189.55. Escalating trade tensions have boosted the U.S dollar, at the expense of gold, but a mild recovering is made in the Asia session today, with XAUUSD currently trading at 1,192.30. Gold is expected to find support at the level of 1,189.40 and a fall through could take it to 1,185.10 level. On the other side, resistance stands at 1,200, and a rise through could take it to the next resistance level of 1,206.42.

GOLDH-05-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1180.16 1187.63 1192.66 1200.13 1205.16 1212.63 1217.66
WEEKLY 1170.86 1183.43 1191.86 1204.43 1212.86 1225.43 1233.86
MONTHLY 1104.26 1132.83 1166.56 1195.13 1228.86 1257.43 1291.16