USDJPY

USD/JPY pair came under some renewed selling pressure on and erased all the modest recovery gains recorded in the previous session. Support stands at 112.50, and a fall through could take it to the support level of 112.00. On the other side, resistance stands at 113.25, and a rise through could take it to the level of 113.75.

USDJPY-06-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.19 112.44 112.74 112.99 113.29 113.54 113.84
WEEKLY 111.68 112.27 112.87 113.46 114.06 114.65 115.25
MONTHLY 110.53 111.42 112.44 113.33 114.35 115.24 116.26
 

EURUSD

Bearish sentiment around the single currency appears deteriorated early in the European morning and is now dragging EUR/USD to fresh daily lows in the 1.1320 region Support stands at 1.1300 and a fall through could take it further to the support level of 1.1260. On the other side, resistance stands at 1.1362, and a rise through could take it to the next resistance level of 1.1400.

 EURUSD-06-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1269 1.1290 1.1319 1.1340 1.1340 1.1390 1.1419
WEEKLY 1.1118 1.1192 1.1255 1.1329 1.1392 1.1466 1.1529
MONTHLY 1.0901 1.1058 1.1188 1.1345 1.1475 1.1632 1.1762
 

GBPUSD

GBP/USD continues to trade sideways, reaching daily peaks in the 1.2800, before sinking back down into the 1.2700 region, though swing lows continue to plumb further into the downside. Support stands at 1.2700 and a fall through could take it to the next support level of 1.2660. On the other side, resistance stands at 1.2760, and a rise through could take it to the next resistance level of 1.2800.

  GBPUSD-06-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2540 1.2606 1.2666 1.2732 1.2792 1.2858 1.2918
WEEKLY 1.2557 1.2641 1.2697 1.2781 1.2837 1.2921 1.2977
MONTHLY 1.2142 1.2433 1.2593 1.2884 1.3044 1.3335 1.3495
 

GOLD

Gold prices edged higher in Asia and traded near a 5-month high amid U.S. yield curve inversion, but currently we see a retracement back to 1230 area. Short term support stands at 1232, and a fall through could take it to the next support level of 1228. On the other side resistance stands at 1241, and a rise through could take it to the next resistance level of 1260.

  Gold-06-12-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1234.25 1236.50 1240.10 1242.35 1245.95 1248.20 1251.80
WEEKLY 1198.80 1207.80 1216.90 1225.90 1235.00 1244.00 1253.10
MONTHLY 1161.34 1181.87 1203.94 1224.47 1246.54 1267.07 1289.14