Resistance
1.1450
Range high, congestion
Support
1.1280
Dec 2025 structure
Key Level
1.1360
Fair value gap + 61.8% fib
HIGH PROBABILITY SETUP
Long on pullback to 1.1360 zone. Stop at 1.1295. Target 1.1430. Invalidate below 1.1275 NY close.
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Watch: ECB rate decision 12:45 UTC — dovish tilt likely to support longs through 1.1400
Resistance
1.2820
April swing high
Support
1.2580
May 12 consolidation floor
Key Level
1.2680
50% retracement, demand zone
HIGH PROBABILITY SETUP
Buy on retest of 1.2680 with stop at 1.2540. Target 1.2790. Invalidates below 1.2510 on London session close.
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Watch: UK GDP data 08:30 UTC — better-than-expected reading extends cable rally to 1.2800+
Resistance
144.80
June 2 high, offer zone
Support
142.50
May 28 structural low
Key Level
143.60
38.2% fib + psychological
HIGH PROBABILITY SETUP
Short on rejection at 143.60–144.00 zone. Stop at 145.20. Target 141.80. Invalidate above 145.60.
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Watch: BoJ board member speech 03:00 UTC — hawkish comments could accelerate yen strength through 143.00
Resistance
$2,340
May 27 all-time high
Support
$2,270
EMA 20, June 2 hold
Key Level
$2,305
61.8% fib + horizontal s/r
HIGH PROBABILITY SETUP
Long from $2,305–$2,310 zone. Stop at $2,268. Target $2,335. Invalidate below $2,258 on NY session close.
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Watch: US ISM Services PMI 14:00 UTC — weak data drives gold through $2,340 on safe-haven flow