USDJPY

Further rally is expected to 114.30 resistance, with support level 111.78 intact. The pair closed higher yesterday at 113.27 after a low showing of 112.73. The immediate support level is 112.76 region and a break below this level could lead the price to a neutral zone. A bullish trend is on the cards and a break above the 114.30 resistance would expose 115.52 region.

  USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.02 112.38 112.67 113.03 113.32 113.68 113.97
WEEKLY 109.48 110.29 111.33 112.14 113.18 113.99 115.03
MONTHLY 105.67 107.24 109.81 111.38 113.95 115.52 118.09
 

EURUSD

The pair is staying in consolidation from 1.1350 and the current intraday indication is a neutral bias. A downside move should see the bears contained by 1.1295 support to bring rise resumption. Break of 1.14 will extend the rally to the next resistance level of 1.1615. A further upward bias would be seen to 55 month EMA (now at 1.1778). Sustained break in this region will favour a retracement of 1.6039 (2008 high) to 1.0338 (2017 low) at 1.2515 next. This will be the case if 1.1118 support holds.

  EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1296 1.1316 1.1337 1.1357 1.1378 1.1398 1.1419
WEEKLY 1.0970 1.1070 1.1248 1.1348 1.1526 1.1626 1.1804
MONTHLY 1.0881 1.0999 1.1212 1.1330 1.1543 1.1661 1.1874
 

GBPUSD

GBP/USD is consolidating below 1.3000 and the pair might stay neutral today in the coming sessions. If the pair gets a knock and a retreat ensues, downside should be contained above 1.2830 support to bring rise resumption. However, if we witness a break of 1.3025, It is highly likely to send GBP/USD through 1.3040 to 1.3048 with the next resistance level at 1.3167. While further upside is now in favour, the overall outlook remains bearish as long as 1.3440 key resistance holds.

  GBPUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2867 1.2890 1.2913 1.2936 1.2959 1.2982 1.3005
WEEKLY 1.2481 1.2592 1.2810 1.2921 1.3139 1.3250 1.3468
MONTHLY 1.2287 1.2437 1.2732 1.2882 1.3177 1.3327 1.3622
 

GOLD

Gold has extended its upside from the H4 demand base at 1216.8-1219.4 and now is within reach of a H4 resistance area at 1229.1-1231.5. The MACD is signalling an overall bearish move for the yellow metal and extended upticks should be capped by falling 200SMA now showing resistance level of 1233..

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1216.81 1219.15 1223.35 1225.69 1229.89 1232.23 1236.43
WEEKLY 1210.36 1223.43 1232.86 1245.93 1255.36 1268.43 1277.86
MONTHLY 1157.30 1196.90 1219.60 1259.20 1281.90 1321.50 1344.20