USDJPY

USD/JPY pair traded modestly flat below 113.00, currently at 112.81, divided between broad-based US dollar weakness and risk-on trades. USD/JPY is expected to find support at 112.68, and a fall through could take it to the support level of 112.42. On the other side, resistance stands at 113.39, and a rise through could take it to the level of 113.64.

USDJPY-01-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.67 111.99 112.53 112.85 113.39 113.71 114.25
WEEKLY 109.72 110.55 111.23 112.06 112.74 113.57 114.25
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

EUR/USD was trading down at the August and 2018 lows, reaching just above the 1.1300 level, in yesterday’s session, but there was no follow through and the pair managed to rise back. The mixed data had the DE-US yield spreads widening and the US ADP’s upside beat hurt some more. EUR/USD is currently trading back at 1.1347 and expected to find support at 1.1314 and a fall through could take it further to the support level of 1.1300. On the other side, resistance stands at 1.1357, and a rise through could take it to the next resistance level of 1.1377.

EURUSD-01-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1281 1.1311 1.1328 1.1358 1.1375 1.1405 1.1422
WEEKLY 1.1090 1.1212 1.1308 1.1430 1.1526 1.1648 1.1744
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD has been rising ahead of the BoE’s Super Thursday at following a report by the Times of London that UK Prime Minister has struck a deal with Brussels on financial services. GBP/USD is currently trading 1.2862 and expected to find support at 1.2774 and a fall through could take it to the next support level of 1.2704. On the other side, resistance stands at 1.2898, and a rise through could take it to the next resistance level of 1.2925.

GBPUSD-01-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2551 1.2624 1.2666 1.2739 1.2781 1.2854 1.2896
WEEKLY 1.2393 1.2585 1.2709 1.2901 1.3025 1.3217 1.3341
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices advanced on Thursday as the dollar weakened after flirting with 16-months highs in the previous session on the bullish private jobs report. Gold is expected to find support at the level of 1,214.33 and a fall through could take it to 1,208.70 level. On the other side, resistance stands at 1,224.40, and a rise through could take it to the next resistance level of 1,228.61.

GOLD-01-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1208.60 1215.00 1219.70 1226.10 1230.80 1237.20 1241.90
WEEKLY 1202.86 1211.23 1221.86 1230.23 1240.86 1249.23 1259.86
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34