USDJPY

The Dollar continues to grind it out against the Yen, but is seeing some softness heading through Wednesday’s Asia session. With the US Retail Sales figures coming out today, Dollar could get back on track. USD/JPY is expected to find support at 110.69, and a fall through could take it to the support level of 110.28. On the other side resistance stands at 111.42, and a rise through could take it to the next resistance level of 111.76.

USDJPYH-15-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.13 110.38 110.81 111.06 111.49 111.74 112.17
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 EUR/USD fell to 1.1320 levels, in Asia – the lowest level since July 2017, and from what it seems the bears are in control and the EUR could soon drop to 1.13. EUR/USD is expected to find support at 1.1312 and a fall through could take it further to the support level of 1.1290. On the other side resistance stands at 1.1360, and a rise through could take it to the next resistance level of 1.1407.

EURUSDH-15-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1211 1.1271 1.1309 1.1369 1.1407 1.1467 1.1505
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

Pound continues to suffer as Brexit begins to look more like a hard landing than a smooth departure, and even if UK data has missed the mark lately, today GBP has a chance to recover with inflation numbers. The pair is expected to find support at 1.2688 level and a fall through could take it to the next support level of 1.2645. On the other side resistance stands at 1.2747, and a rise through could take it to the next resistance level of 1.2786.

GBPUSDH-15-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2563 1.2634 1.2676 1.2747 1.2789 1.2860 1.2902
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 market is still under pressure as the U.S. dollar is still very strong. Prices fell below the $1,200 mark on Wednesday as the demand for U.S. dollar went up amidst the Turkish lira contagion crisis. Gold is expected to find support at the level of 1,186.43 and a fall through could take it to 1,177.38 level. On the other side first resistance stands at 1,194.72, and a rise through could take it to the next resistance level of 1,204.80.

GOLDH-15-08-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1191.60 1195.40 1198.20 1202.00 1204.80 1208.60 1211.40
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