USDJPY

USD/JPY pair is trading at 113.08 after hitting the low of 113.04. The anti-risk Japanese yen is pushing higher against its American counterpart amid losses in the treasury yields. USD/JPY is expected to find support at 113.00, and a fall through could take it to the support level of 112.80. On the other side, resistance stands at 113.57, and a rise through could take it to the level of 113.85.

USDJPY-04-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.98 113.18 113.38 113.58 113.78 113.98 114.18
WEEKLY 111.68 112.27 112.87 113.46 114.06 114.65 115.25
MONTHLY 110.53 111.42 112.44 113.33 114.35 115.24 116.26
 

EURUSD

EUR/USD is heading into European session higher with the euro scoring marginal gains in Asia as the benchmark US Treasury yield fell. The bullish move in the EUR/USD could gather pace in Europe, as the Italy-German 10-year bond yield spread continues to fall, signalling easing concerns about Italy's fiscal issues. EUR/USD is expected to find support at 1.1341 and a fall through could take it further to the support level of 1.1307. On the other side, resistance stands at 1.1404, and a rise through could take it to the next resistance level of 1.1438.

 EURUSD-04-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1261 1.1290 1.1322 1.1351 1.1383 1.1412 1.1444
WEEKLY 1.1118 1.1192 1.1255 1.1329 1.1392 1.1466 1.1529
MONTHLY 1.0901 1.1058 1.1188 1.1345 1.1475 1.1632 1.1762
 

GBPUSD

GBP/USD is trading at 1.2740 with Brexit concerns back into full focus. A long round of debates on Prime Minister Theresa May's current Brexit proposal is set to start today, culminating in a yes/no vote in the UK's House of Commons on December 11th. GBP/USD is expected to find support at 1.2690 and a fall through could take it to the next support level of 1.2665. On the other side, resistance stands at 1.2780, and a rise through could take it to the next resistance level of 1.2811.

  GBPUSD-04-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2552 1.2626 1.2676 1.2750 1.2800 1.2874 1.2924
WEEKLY 1.2557 1.2641 1.2697 1.2781 1.2837 1.2921 1.2977
MONTHLY 1.2142 1.2433 1.2593 1.2884 1.3044 1.3335 1.3495
 

GOLD

Gold is currently trading at $1,237.56 per troy ounce surpassing the highs of Nov.1. Gold could possibly extend the rally further. Gold is expected to find support at the level of 1,230.30 and a fall through could take it to 1,225.90 level. On the other side, resistance stands at 1,2440.11, and a rise through could take it to the next resistance level of 1,243.27.

  Gold-04-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1214.80 1220.70 1228.60 1234.50 1242.40 1248.30 1256.20
WEEKLY 1198.80 1207.80 1216.90 1225.90 1235.00 1244.00 1253.10
MONTHLY 1161.34 1181.87 1203.94 1224.47 1246.54 1267.07 1289.14