USD/JPY

USD/JPY has taken a U-turn to 106.59, while into the early European session on Wednesday, having initially refreshed the intraday low to 106.39. Despite the up move, the yen pair remained near a multi-day low of 106.08 flashed the previous day. USD/JPY could find support at 106.42 and a fall through could take it to the support level of 106.21. On the other side, resistance stands at 106.75, and a rise through could take it to the level of 106.92.
USDJPY-24-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.83 105.45 105.99 106.61 107.15 107.77 108.31
1 WEEK 105.51 106.09 106.48 107.06 107.45 108.03 108.43
1 MONTH 104.38 105.18 106.49 107.29 108.60 109.40 110.71

EURUSD

EUR/USD has added nearly 150 pips so far this week. The currency pair is currently trading near 1.1319, having begun the week at 1.1173 and printed a high of 1.1349 on Tuesday. Apart from the German IFO numbers, the pair may take cues from the broader market sentiment. EUR/USD could find support at 1.1300 and a fall through could take it further to the support level of 1.1281. On the other side, resistance stands at 1.1341, and a rise through could take it to the next resistance level of 1.1362.
EURUSD-24-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1127 1.1180 1.1244 1.1297 1.1361 1.1414 1.1479
1 WEEK 1.0927 1.1047 1.1113 1.1233 1.1298 1.1419 1.1484
1 MONTH 1.0482 1.0624 1.0862 1.1004 1.1242 1.1384 1.1622

GBPUSD

GBP/USD eases to 1.2508, down 0.07%, while into the London open on Wednesday. The Cable recently surged to the highest since June 18 but failed to keep the gains amid doubts over the easing of the UK’s coronavirus lockdown restrictions. GBP/USD could find support at 1.2473 and a fall through could take it to the next support level of 1.2440. On the other side, resistance stands at 1.2543, and a rise through could take it to the next resistance level of 1.2569.
GBPUSD-24-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2354 1.2393 1.2455 1.2494 1.2557 1.2595 1.2658
1 WEEK 1.1892 1.2118 1.2238 1.2463 1.2583 1.2808 1.2928
1 MONTH 1.1552 1.1814 1.2080 1.2341 1.2607 1.2868 1.3135

GOLD

Gold prices take the bids near $1,767, nearly flat on a day, during the early Wednesday’s trading. The yellow metal has refreshed the highest point since October 2012 with an intraday peak of 1,773.54 in the previous session. Gold could find support at the level of 1,760.60 and a fall through could take it to 1,754.70 level. On the other side, resistance stands at 1,773.00, and a rise through could take it to 1,775.70 level.
Gold-24-06-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1736.10 1747.20 1764.60 1775.70 1793.10 1804.20 1821.60
1 WEEK 1664.46 1685.33 1719.16 1740.03 1773.86 1794.73 1828.56
1 MONTH 1594.60 1635.50 1693.60 1734.50 1792.60 1833.50 1891.60