USD/JPY

USD/JPY has ticked down 10 pips or so in Tokyo's opening hour in consolidating ahead of July 4th holiday. It currently stands at 107.78, as all eyes will now be set on Nonfarm Payrolls and the implications for the FOMC this month. USD/JPY is expected to find support at 107.59 and a fall through could take it to the support level of 107.43. On the other side, resistance stands at 107.93, and a rise through could take it to the level of 108.12.

 

USDJPY-04-07-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 107.22 107.38 107.57 107.73 107.92 108.08 108.27
WEEKLY 105.66 106.22 107.05 107.61 108.44 109.00 109.83
MONTHLY 105.15 105.97 107.17 107.99 109.19 110.01 111.22

EURUSD

EUR/USD alternates gains with losses below 1.1300, however the pair has so far managed to halt the downside in the 1.1270 area. Volatility and trade conditions are expected to remain marginal throughout the day in response to the Independence Day holiday in the US markets. EUR/USD is expected to find support at 1.1270 and a fall through could take it further to the support level of 1.1247. On the other side, resistance stands at 1.1302 and a rise through could take it to the next resistance level of 1.1324.

 

EURUSD-04-07-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1226 1.1247 1.1268 1.1289 1.1309 1.1331 1.1351
WEEKLY 1.1268 1.1306 1.1338 1.1376 1.1408 1.1446 1.1478
MONTHLY 1.0951 1.1053 1.1207 1.1310 1.1464 1.1567 1.1721

GBPUSD

GBP/USD upside has many barriers, starting with the 50-HMA, as the quote takes the rounds to 1.2570 in the UK open on Thursday, despite gradually recovering from 1.2557. Brexit pessimism, sluggish economics and aftershocks of the BOE Governor’s speech recently dragged the Pound, but for now, UK politics are in the spotlight amid lack of major data. GBP/USD is expected to find support at 1.2554 and a fall through could take it to the next support level of 1.2536. On the other side, resistance stands at 1.2600, and a rise through could take it to the next resistance level of 1.2627.

 

GBPUSD-04-07-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2515 1.2536 1.2560 1.2581 1.2605 1.2626 1.2649
WEEKLY 1.2520 1.2591 1.2643 1.2714 1.2766 1.2837 1.2889
MONTHLY 1.2262 1.2385 1.2539 1.2661 1.2815 1.2937 1.3092

GOLD

GBP/USD upside has many barriers, starting with the 50-HMA, as the quote takes the rounds to 1.2570 in the UK open on Thursday, despite gradually recovering from 1.2557. Brexit pessimism, sluggish economics and aftershocks of the BOE Governor’s speech recently dragged the Pound, but for now, UK politics are in the spotlight amid lack of major data. GBP/USD is expected to find support at 1.2554 and a fall through could take it to the next support level of 1.2536. On the other side, resistance stands at 1.2600, and a rise through could take it to the next resistance level of 1.2627.

 

GOLD-04-07-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1385.91 1400.48 1410.81 1425.38 1435.71 1450.28 1460.61
WEEKLY 1366.84 1384.47 1398.04 1415.67 1429.24 1446.87 1460.44
MONTHLY 1191.06 1250.68 1322.91 1382.53 1454.76 1514.38 1586.61