USDJPY

The USD/JPY pair is shifting sideways within the range of 112.50-112.00. As it stands, bulls will look to capture 112.50 to push higher up to 113.00 resistance level, while bears will look to capture 112.00 psychological support level as to regain the bearish trend with targets at 111.75, 111.50 and 111.25

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.39 111.61 111.98 112.20 112.57 112.79 113.16
WEEKLY 109.67 110.2 110.75 111.28 111.83 112.36 112.91
MONTHLY 105.01 107.61 109.19 111.79 113.37 115.97 117.55
 

EURUSD

The pair continues to break highs against the dollar, after hawkish ECB monetary policy. Bulls aiming to break through 1.1425 and if they break through we might see upside movement 1.1450 with 1.1500 on the horizon being tested. However, if bears can push and break through the level of 1.1400, we will likely see retracement as 1.1350, 1.1300 is exposed.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1220 1.1256 1.1318 1.1354 1.1416 1.1452 1.1514
WEEKLY 1.1037 1.1077 1.1135 1.1175 1.1233 1.1273 1.1331
MONTHLY 1.0534 1.0686 1.0965 1.1117 1.1396 1.1548 1.1827
 

GBPUSD

The pair continues to face upside pressure following its higher close from yesterday. Bulls aiming to break through 1.2975 resistance level, and if they break through we might see upside movement towards to 1.3000 with 1.3050 on the horizon. However, if bears can push and break through 1.2900, we will likely retracement as 1.2850, 1.2800 is exposed.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2655 1.2725 1.2833 1.2903 1.3011 1.3081 1.3189
WEEKLY 1.2371 1.2479 1.2599 1.2707 1.2827 1.2935 1.3055
MONTHLY 1.2473 1.2620 1.2755 1.2902 1.3037 1.3184 1.3319
 

GOLD

A slump in the dollar to eight-month lows against its rivals boosted demand for dollar-denominated gold., However gains in gold, remained stifled by expectations that the Federal Reserve will deliver a third-rate hike later this year. Currently the precious metal is being tested at 1250 support trend line. Bears will try to break below 1250 to push lower as 1245 and 1240 is exposed. Bulls from the other side will try to capture 1255 and push higher to retest 1260.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1237.30 1242.00 1246.30 1251.00 1255.30 1260.00 1264.30
WEEKLY 1227.1 1234.4 1245.4 1252.7 1263.7 1271 1282
MONTHLY 1177.54 1197.67 1236.54 1256.67 1295.54 1315.67 1354.54