USDJPY

USD/JPY remains in solid uptrend ahead of NFP, currently trading at 113.90. The dollar slid lower against the yen yesterday, retracting significantly from the week’s high of 114.55, but continue the day, with an upward move towards the 114.00 handle. The pair is expected to find support at 113.62, and a fall through could take it to the support level of 113.31. On the other side, resistance stands at 114.33, and a rise through could take it to the next resistance level of 114.55.

USDJPYH

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.62 113.13 113.51 114.02 114.40 115.91 115.29
WEEKLY 111.30 111.79 112.74 113.23 114.18 114.67 115.62
MONTHLY 108.04 109.21 111.50 112.67 114.96 116.13 118.42

EURUSD

EUR/USD is trading just below 1.1500, with Italy becoming a long-term negative factor for the Euro. The US non-farm payrolls, unemployment rate and average hourly earnings will drive the market today, kicking off at 12:30 GMT. EUR/USD is expected to find support at 1.1472 and a fall through could take it further to the support level of 1.1420. On the other side, resistance stands at 1.1525, and a rise through could take it to the next resistance level of 1.1570.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1393 1.1428 1.1472 1.1507 1.1551 1.1586 1.1630
WEEKLY 1.1263 1.1415 1.1512 1.1664 1.1761 1.1913 1.2010
MONTHLY 1.1195 1.1361 1.1483 1.1649 1.1771 1.1937 1.2059

GBPUSD

GBP/USD is trading into the 1.3000 major handle heading into Friday’s London market session, before the US NFP reports, after catching a bullish rebound on Thursday from the week’s low of 1.2922. GBP/USD is expected to find support at 1.2938 level and a fall through could take it to the next support level of 1.2904. On the other side, resistance stands at 1.3022, and a rise through could take it to the next resistance level of 1.3051.

GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2835 1.2879 1.2951 1.2995 1.3067 1.3111 1.3183
WEEKLY 1.2728 1.2864 1.2947 1.3083 1.3166 1.3302 1.3385
MONTHLY 1.2272 1.2529 1.2784 1.3041 1.3296 1.3553 1.3808

GOLD

Gold rallied significantly during the trading session on Thursday, but later Dollar turn around, and pushed Gold prices once again below the 1,200.00 handle. The direction of the market today is likely to be determined by trader reaction to the U.S. Non-Farm Payrolls report, due to be released at 1230 GMT. Gold is expected to find support at the level of 1,195.90 and a fall through could take it to 1,187.27 level. On the other side, resistance stands at 1,204.39, and a rise through could take it to the next resistance level of 1,211.01.

GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1187.06 1193.33 1198.06 1204.33 1209.06 1215.33 1220.06
WEEKLY 1157.26 1168.63 1180.06 1191.43 1202.86 1214.23 1225.66
MONTHLY 1146.64 1165.57 1180.14 1199.07 1213.64 1232.57 1247.14