USDJPY

USD/JPY fell below 110.60 in Friday’s session, on a combination of lower US yields and a touch of risk aversion as both equity and oil markets wobbled and on the news that Trump is considering imposing tariffs on Japanese autos. USD/JPY is expected to find support at 110.37, and a fall through could take it to the support level of 110.09. On the other side, resistance stands at 110.79, and a rise through could take it to the next resistance level of 111.08.

USDJPYH-07-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.16 109.81 110.15 110.80 111.14 111.79 112.13
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

A drop in the Italy-German yield spread and ADP figures coming lower than expected have pushed EUR/USD as high as 1.1655, in yesterday session. The pair today could move today by the Eurozone second-quarter GDP, but the main event is the US NFP data. EUR/USD is expected to find support at 1.1580 and a fall through could take it further to the support level of 1.1550. On the other side, resistance stands at 1.1655, and a rise through could take it to the next resistance level of 1.1675.

EURUSDH-07-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1546 1.1576 1.1598 1.1628 1.1650 1.1680 1.1702
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 is trading flat as it heads into another US NFP Friday, maintaining the gains after revived Brexit hopes. The pair is expected to find support at 1.2895 level and a fall through could take it to the next support level of 1.2876. On the other side, resistance stands at 1.2962, and a rise through could take it to the next resistance level of 1.2994.

GBPUSDH-07-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2828 1.2862 1.2893 1.2927 1.2958 1.2992 1.3023
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 broke above the key resistance of 1,200.00 in yesterday’ session, backed by the retracement in the USD, but later dropped as low as 1,196.58, and head into the NFP Friday just above the 1,200-psychological level. Gold is expected to find support at the level of 1,195.77 and a fall through could take it to 1,192.55 level. On the other side, resistance stands at 1,206.94, and a rise through could take it to the next resistance level of 1,209.12.

GOLDH-07-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1189.70 1195.40 1201.10 1206.80 1212.50 1218.20 1223.90
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