USDJPY

The escalating US-China trade war has put a strong bid under anti-risk JPY, with USDJPY now trading at 109.71. USD/JPY is expected to find support at 109.38, and a fall through could take it to the support level of 109.19. On the other side expected resistance stands at 110.59, and a rise through could take it to the next resistance level of 110.90.

USDJPYH-19-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.38 109.74 109.94 110.30 110.50 110.86 111.06
WEEKLY 107.92 108.57 109.62 110.27 111.32 111.97 113.02
MONTHLY 104.19 106.15 107.48 109.44 110.77 112.73 114.06

EURUSD

EUR/USD could revisit post-ECB low of 1.1543 and could possibly break below the recent low of 1.1510 on escalating US-China trade tensions and political uncertainty in Germany. EUR/USD is expected to find support at 1.1564 and a fall through could take it further to the support level of 1.1510. On the other side resistance stands at 1.1644, and a rise through could take it to the next resistance level of 1.1659.

EURUSDH-19-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1507 1.1536 1.1583 1.1612 1.1659 1.1688 1.1735
WEEKLY 1.1173 1.1358 1.1483 1.1668 1.1793 1.1978 1.2103
MONTHLY 1.0858 1.1183 1.1437 1.1762 1.2016 1.2341 1.2595

GBPUSD

GBP/USD is peeking to the upside ahead of a quiet Tuesday session. The pair is expected to find support at 1.3224 and a fall through could take it to the next support level of 1.3210. On the other side resistance stands at 1.3276, and a rise through could take it to the next resistance level of 1.3306.

GBPUSDH-19-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3180 1.3203 1.3230 1.3253 1.3280 1.3303 1.3330
WEEKLY 1.2944 1.3078 1.3181 1.3315 1.3418 1.3552 1.3655
MONTHLY 1.2507 1.2856 1.3078 1.3427 1.3649 1.3998 1.4220

GOLD

Following last Friday’s heavy sell-off, the XAU/USD pair is fluctuating in a relatively tight range as the precious metal fails to take advantage of the risk-off mood. XAU/USD is expected to find support at 1277.08 and a fall through could take it to the next support level of 1275.20. On the other side first resistance stands at 1284.08, and a rise through could take it to the next resistance level of 1288.25.

GOLDH-19-06-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1275.10 1277.30 1280.50 1282.70 1285.90 1288.10 1291.30
WEEKLY 1229.46 1251.73 1263.16 1285.43 1296.86 1319.13 1330.56
MONTHLY 1248.86 1267.03 1283.56 1301.73 1318.26 1336.43 1352.96