USD/JPY

USD/JPY declined further to 105.93 and then bounced back t0 106.20, in Wednesday’s European opening. Given the return of policy bears joining on-going trade pessimism surrounding the US and China, markets can witness a further rise in the safe-haven demand, which in turn signals additional south-run of the USD/JPY pair. USD/JPY is expected to find support at 105.82 and a fall through could take it to the support level of 105.53. On the other side, resistance stands at 106.67 and a rise through could take it to the level of 106.93.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.04 104.80 105.56 106.32 107.07 107.84 108.59
1 WEEK 102.78 104.64 105.61 107.47 108.44 110.30 111.27
1 MONTH 105.90 106.56 107.68 108.34 109.47 110.12 111.25

 

EURUSD

EUR/USD recedes from Tuesday’s tops, back near 1.1200 as US yields counter weak German data. The pair picked up a strong bid earlier this week as markets began pricing the prospects of aggressive easing by the over the next few months, courtesy of escalating trade tensions between the US and China. EUR/USD is expected to find support at 1.1166 and a fall through could take it further to the support level of 1.1151. On the other side, resistance stands at 1.1230 and a rise through could take it to the next resistance level of 1.1248.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1085 1.1127 1.1166 1.1208 1.1247 1.1289 1.1329
1 WEEK 1.0899 1.0963 1.1036 1.1100 1.1173 1.1237 1.1310
1 MONTH 1.0663 1.0862 1.0967 1.1166 1.1271 1.1470 1.1576

 

GBPUSD

GBP/USD is trading 1.2180, as it picked up bids in the last hour. The EU and the UK have been exchanging blames for the Brexit impasse. With the dollar looking sluggish amid the US-China trade rhetoric and the pound embracing the UK parliamentary summer break, the pair has been trading in more of a consolidative mood over the past few sessions. GBP/USD is expected to find support at 1.2124 and a fall through could take it to the next support level of 1.2089. On the other side, resistance stands at 1.2215, and a rise through could take it to the next resistance level of 1.2244.

 

GBPUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2024 1.2063 1.2110 1.2149 1.2196 1.2235 1.2283
1 DAY 1.2064 1.2101 1.2136 1.2173 1.2208 1.2245 1.2280
1 MONTH 1.1360 1.1740 1.1947 1.2327 1.2534 1.2914 1.3121

 

GOLD

Gold continues to stay strong at the highest since mid-2013 as Chinese headlines, Hong Kong Protests, and Syrian news help recall the risk-off. Investors can keep following trade and political news for fresh impulse. Gold is expected to find support at 1,475.70 and a fall through could take it to the support level of 1,464.10. On the other side, resistance stands at 1,497.80, and a rise through could take it to the level of 1,509.80.

 

Gold

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1454.06 1461.13 1472.66 1479.73 1491.26 1498.33 1509.86
1 WEEK 1375.96 1394.03 1425.76 1443.83 1475.56 1493.63 1525.36
1 MONTH 1310.29 1347.57 1379.79 1417.07 1449.29 1486.57 1518.79