USDJPY

Currently, the USD/JPY is trading at 110.78, reaching a session high of 110.93 earlier today, with BOJ rate hike failing to put a bid under the Japanese Yen. USD/JPY is expected to find support at 110.63, and a fall through could take it to the support level of 110.28. On the other side resistance stands at 111.28, and a rise through could take it to the next resistance level of 111.49.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.20 109.82 110.19 110.81 111.18 111.80 112.17
WEEKLY 109.40 109.95 110.44 110.99 111.48 112.03 112.52
MONTHLY 107.50 108.89 110.39 111.78 113.28 114.67 116.17
 

EURUSD

EUR scored gains in Asia, possibly due to the news that Chinese officials will be traveling to the United States for trade talks in late August. Currently EUR/USD is trading at 1.1385 and could extend gains further in the European and US session if the equities react positively to the news of US/China trade talks. EUR/USD is expected to find support at 1.1327 and a fall through could take it further to the support level of 1.1306. On the other side resistance stands at 1.1406, and a rise through could take it to the next resistance level of 1.1433.

 EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1257 1.1279 1.1311 1.1333 1.1365 1.1387 1.1419
WEEKLY 1.1076 1.1230 1.1321 1.1475 1.1566 1.1720 1.1811
MONTHLY 1.1360 1.1466 1.1578 1.1684 1.1796 1.1902 1.2014
 

GBPUSD

GBP/USD rose above the 1.2715 level ahead of Thursday's London market session, despite the looming fears of a no-deal Brexit and inflation figures barely meeting expectations. The pair is expected to find support at 1.2686 level and a fall through could take it to the next support level of 1.2660. On the other side resistance stands at 1.2776, and a rise through could take it to the next resistance level of 1.2793.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2586 1.2624 1.2659 1.2697 1.2732 1.2770 1.2805
WEEKLY 1.2359 1.2541 1.2655 1.2837 1.2951 1.3133 1.3247
MONTHLY 1.2527 1.2742 1.2934 1.3149 1.3341 1.3556 1.3748
 

GOLD

Currently, XAU/USD is trading at $1,173.55, having dropped to $1,160 - the lowest level since January 2017 - earlier today, caused by commodity sell-off and USD strength . Gold is expected to find support at the level of 1,160 – session’s low and a fall through could take it to 1,150.36 level. On the other side first resistance stands at 1,178.92, and a rise through could take it to the next resistance level of 1,187.58.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1152.14 1166.07 1173.34 1187.27 1194.54 1208.47 1215.74
WEEKLY 1194.86 1200.23 1205.66 1211.03 1216.46 1221.83 1227.26
MONTHLY 1152.24 1181.97 1202.84 1232.57 1253.44 1283.17 1304.04