USD/JPY

USD/JPY is trading at 105.47 between a range of 105.39 and 105.61, slightly down on the day in a weak USD environment. Overnight, the US dollar was about flat against JPY but otherwise down against all G10 currencies over the day. USD/JPY could find support at 105.27 and a fall through may take it further to the support level of 105.13. On the other side, resistance could stand at 105.68, and a rise through may take it to the next resistance level of 105.81.
USDJPY_06_08_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.74 105.03 105.31 105.60 105.88 106.17 106.45
1 WEEK 102.63 103.40 104.65 105.43 106.68 107.46 108.71
1 MONTH 100.00 102.09 103.99 106.08 107.98 110.07 111.97

EURUSD

EUR/USD has registered new highs at 1.1916 in the past hour, as the greenback remains in strong supply. Since then, the pair retreated below the 1.19 level, however the dollar stays pressured amid fiscal stimulus uncertainty, Sino-American tensions, and weak US data. Jobless claims are awaited. EUR/USD could find support at 1.1868 and a fall through may take it further to the support level of 1.1847. On the other side, resistance could stand at 1.1923, and a rise through may take it to the next resistance level of 1.1937.
EURUSD_06_08_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1688 1.1740 1.1802 1.1854 1.1915 1.1968 1.2029
1 WEEK 1.1366 1.1501 1.1638 1.1774 1.1911 1.2047 1.2184
1 MONTH 1.0611 1.0898 1.1336 1.1623 1.2061 1.2348 1.2786

GBPUSD

The GBP/USD pair added to its modest intraday gains and refreshed daily tops, around 1.3185 region post-BoE policy decision. As was widely expected, the Bank of England refrained from taking any further action and left its benchmark interest rate at an all-time low of 0.1%. GBP/USD could find support at 1.3137 and a fall through may take it further to the support level of 1.3111. On the other side, resistance could stand at 1.3190, and a rise through may take it to the next resistance level of 1.3211.
GBPUSD_06_08_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2954 1.3005 1.3060 1.3111 1.3166 1.3217 1.3271
1 WEEK 1.2466 1.2623 1.2857 1.3014 1.3248 1.3405 1.3638
1 MONTH 1.1762 1.2060 1.2575 1.2873 1.3388 1.3686 1.4200

GOLD

Gold bulls are taking a breather before possibly resuming the recent uptrend, as the life-time highs of $2,055 remain on the radar. The bullion is trading in a sideways manner alongside an uptick in the US stock futures. At press time, the yellow metal is trading at $2,046. Gold could find support at 2,034.70 and a fall through may take it further to the support level of 2,026.40. On the other side, resistance could stand at 2,059.40, and a rise through may take it to the next resistance level of 2,062.50.
Gold_06_08_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1973.90 1994.70 2015.90 2036.70 2057.90 2078.70 2099.90
1 WEEK 1832.06 1865.53 1914.16 1947.63 1996.26 2029.73 2078.36
1 MONTH 1603.49 1684.97 1829.44 1910.92 2055.39 2136.87 2281.34