USD/JPY

USD/JPY takes rounds to 105.20 as the broad-based US dollar rebound gathered pace in early Europe, putting a fresh bid under the pair. The spot registered a daily high near 105.30 in the past hour as the greenback is retracing some of its post-dovish Fed losses. USD/JPY could find support at 105.00 and a fall through may take it further to the support level of 104.81. On the other side, resistance could stand at 105.45, and a rise through may take it to the next resistance level of 105.68.
USDJPY-30-07-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.22 104.49 104.71 104.98 105.20 105.47 105.68
1 WEEK 103.52 104.60 105.37 106.45 107.22 108.30 109.08
1 MONTH 102.25 104.16 106.04 107.95 109.83 111.74 113.62

EURUSD

EUR/USD is trading closer to 1.1750, falling as the US dollar is gaining ground. German and US GDP figures are set to confirm recessions with highly uncertain levels of economic pain. Investors are still digesting the dovish Fed message. EUR/USD could find support at 1.1717 and a fall through may take it further to the support level of 1.1689. On the other side, resistance could stand at 1.1787, and a rise through may take it to the next resistance level of 1.1816.
EURUSD-30-07-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1642 1.1678 1.1735 1.1771 1.1828 1.1864 1.1922
1 WEEK 1.1227 1.1314 1.1485 1.1572 1.1743 1.1830 1.2001
1 MONTH 1.0749 1.0922 1.1077 1.1250 1.1405 1.1578 1.1732

GBPUSD

GBP/USD is pressured under 1.30 after peeking above that line on Wednesday. The US dollar is gaining strength across the board after the dovish Fed meeting and ahead of US GDP. The UK is set to impose stricter quarantine regulations. GBP/USD could find support at 1.2915 and a fall through may take it further to the support level of 1.2885. On the other side, resistance could stand at 1.2980, and a rise through may take it to the next resistance level of 1.3014.
GBPUSD-30-07-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2832 1.2872 1.2935 1.2974 1.3037 1.3076 1.3139
1 WEEK 1.2317 1.2417 1.2604 1.2704 1.2891 1.2991 1.3178
1 MONTH 1.1602 1.1927 1.2164 1.2489 1.2727 1.3051 1.3289

GOLD

Gold extends latest pullback from $1,968 and continued Wednesday’s U-turn from $1,980.89. US dollar bounces off more than two years’ lows during the post-Fed trading. Coronavirus woes continue but traders are more concerned about the US GDP for now, as the yellow metal is trading at $1,953.40. Gold could find support at 1,934.40 and a fall through may take it further to the support level of 1,921.70. On the other side, resistance could stand at 1,970.90, and a rise through may take it to the next resistance level of 1,979.80.
Gold-30-07-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1894.40 1914.80 1934.10 1954.50 1973.80 1994.20 2013.50
1 WEEK 1736.54 1771.57 1834.54 1869.57 1932.54 1967.57 2030.54
1 MONTH 1581.41 1626.63 1713.56 1758.78 1845.71 1890.93 1977.86