USDJPY

USD/JPY managed to keep its recovery mode intact near 109.80 region, tracking the bounce in the S&P 500 Futures and Treasury yields. Further, the technical set up has also turned in favor of the bulls in the near-term. USD/JPY is expected to find support at 109.48 and a fall through could take it to the support level of 109.13. On the other side, resistance stands at 109.90, and a rise through could take it to the level of 110.11. USDJPY-30-05-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.70 108.93 109.25 109.47 109.79 110.01 110.33
WEEKLY 107.42 108.35 108.83 109.76 110.24 111.17 111.65
MONTHLY 109.09 109.95 110.69 111.55 112.29 113.15 113.89

EURUSD

EUR/USD is trading in the 1.1130/20 band without a clear direction and looks to reverse three consecutive daily pullbacks, although serious bullish attempts remain capped by trade concerns, shrinking German yields and the potential escalation in tensions between Brussels and Italy over fiscal issues. EUR/USD is expected to find support at 1.1116 and a fall through could take it further to the support level of 1.1097. On the other side, resistance stands at 1.1145, and a rise through could take it to the next resistance level of 1.1169. EURUSD-30-05-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1068 1.1096 1.1117 1.1145 1.1166 1.1194 1.1215
WEEKLY 1.1030 1.1069 1.1137 1.1176 1.1244 1.1283 1.1351
MONTHLY 1.0896 1.1004 1.1110 1.1218 1.1324 1.1432 1.1538

GBPUSD

GBP/USD dropped to the lows of 1.2610 in the London open on Thursday, even as an oversold RSI and a ray of optimism before next week’s parliament discussion tried limit the downfall. Other than Brexit, trade tensions surrounding the US and China have also played their role in fuelling market uncertainty. GBP/USD is expected to find support at 1.2603 and a fall through could take it to the next support level of 1.2603. On the other side, resistance stands at 1.2657, and a rise through could take it to the next resistance level of 1.2586. GBPUSD-30-05-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2545 1.2579 1.2604 1.2638 1.2663 1.2697 1.2723
WEEKLY 1.2399 1.2502 1.2608 1.2711 1.2817 1.2920 1.3026
MONTHLY 1.2536 1.2701 1.2868 1.3033 1.3200 1.3365 1.3532

GOLD

Gold refrain from rising and dropped near mid-$1,275.00 during early Thursday, despite the global risk-off sentiment. Trade disputes between the US and China have recently helped the US Dollar as markets considered it the safe currency amid upbeat fundamentals. Gold is expected to find support at 1,273.40 and a fall through could take it to the support level of 1,270.30. On the other side, resistance stands at 1,280.00, and a rise through could take it to the level of 1,283.60. Gold-30-05-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1269.91 1274.18 1276.56 1280.83 1283.21 1287.48 1289.86
WEEKLY 1254.60 1261.80 1272.70 1279.90 1290.80 1298.00 1308.90
MONTHLY 1217.19 1242.62 1263.79 1289.22 1310.39 1335.82 1356.99