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For the 24 hours to 23:00 GMT, Gold declined 0.48% against the USD and closed at USD1297.6 per ounce, after upbeat US jobs data boosted the US dollar.

In the Asian session, at GMT0300, the pair is trading at 1297.1, with gold trading slightly lower against the USD from Friday’s close.

The pair is expected to find support at 1292.03, and a fall through could take it to the next support level of 1286.97. The pair is expected to find its first resistance at 1303.23, and a rise through could take it to the next resistance level of 1309.37.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Silver declined 0.21% against the USD and closed at USD16.41 per ounce on Friday, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 16.43, with silver trading 0.09% higher against the USD from Friday’s close.

The pair is expected to find support at 16.34, and a fall through could take it to the next support level of 16.25. The pair is expected to find its first resistance at 16.52, and a rise through could take it to the next resistance level of 16.61.

The white metal is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, Crude Oil declined 2.13% against the USD and closed at USD65.67 per barrel on Friday, amid rising US production and possibility that the OPEC might increase supplies.

Additionally, Baker Hughes reported that the US oil rig count rose by 2 to 861 in the week ended 1 June.

In the Asian session, at GMT0300, the pair is trading at 65.71, with oil trading 0.06% higher against the USD from Friday’s close.

The pair is expected to find support at 65.03, and a fall through could take it to the next support level of 64.36. The pair is expected to find its first resistance at 66.86, and a rise through could take it to the next resistance level of 68.02.

Crude oil is trading below its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 144.99; (P) 145.70; (R1) 146.92; More...

Intraday bias in GBP/JPY stays neutral at this point. While rebound from 143.18 might extend, upside should be limited by 147.04 support turned resistance to bring reversal. On the downside, below 144.52 minor support will bring retest of 143.18 first. Break will resume the decline from 153.84.

In the bigger picture, for now, we're treating price actions from 156.59 as a corrective move. Therefore, while deeper fall is expected, strong support should be seen above 139.29 cluster support (50% retracement of 122.36 to 156.59 at 139.47) to contain downside and bring rebound. There is still prospect of extending the rise from 122.36. However, considering that GBP/JPY failed to sustain above 55 month EMA (now at 153.94), firm break of 139.29 will confirm trend reversal and turn outlook bearish.

Daily Pivots: (S1) 127.16; (P) 127.65; (R1) 128.17; More....

Intraday bias in EUR/JPY stays neutral at the moment. While rebound from 124.61 might extend, upside should be limited by 128.94 support turned resistance to bring reversal. On the downside, , below 126.29 minor support will bring retest of 124.61 first. Break will resume whole fall from 137.49 and target next medium term fibonacci level at 119.90.

In the bigger picture, the case of medium term trend reversal continues to build up. That is rise from 109.03 (2016 low) could have completed at 137.49 already. This is supported by bearish divergence in daily MACD and firm break of the medium term channel support. Focus is now on 124.08 resistance turned support. Decisive break there will confirm this bearish case and target 61.8% retracement of 109.03 to 137.49 at 119.90 and below. This will be the preferred case as long as 128.94 support turned resistance holds.

Daily Pivots: (S1) 1.5355; (P) 1.5444; (R1) 1.5494; More....

EUR/AUD's steep fall and break of 1.5314 suggests resumption of recent decline from 1.6189. Intraday bias is back on the downside for 1.5153 key support level . On the upside, break of 1.5529 resistance is now needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, rally from 1.3624 (2017 low) should have completed at 1.6189 already, ahead of 1.6587 key resistance (2015 high). 1.6189 is seen as a medium term top. Deeper fall would be seen to 38.2% retracement of 1.3624 to 1.6189 at 1.5209 first. Decisive break there will pave the way to 61.8% retracement at 1.4604. In that case, we'll look for bottoming again below 1.4604. On the upside, firm break of 1.5773 support turned resistance is needed to indicate completion of the fall from 1.6189. Otherwise, further decline is expected in medium term, even in case of strong rebound.

Daily Pivots: (S1) 0.8704; (P) 0.8757; (R1) 0.8788; More...

EUR/GBP is staying in range of 0.8679/8844 and intraday bias remains neutral. On the upside, above 0.8808 will target 0.8844 first. Firm break there will finally confirm our bullish view and resume the rebound from 0.8620 to 0.8967 cluster resistance (50% retracement of 0.9305 to 0.8620 at 0.8963). On the downside, however, break of 0.8679 minor support should indicate completion of the rebound form 0.8620. And intraday bias will be turned back to the downside for this support.

In the bigger picture, for now, the decline from 0.9305 is seen as a leg inside the long term consolidation pattern from 0.9304 (2016 high). Such consolidation pattern could extend further. Hence, in case of strong rally, we'd be cautious on strong resistance by 0.9304/5 to limit upside. Meanwhile, in another decline attempt, we'd expect strong support from 0.8116 cluster support (50% retracement of 0.6935 to 0.9304 at 0.8120) to contain downside.

Daily Pivots: (S1) 1.1470; (P) 1.1521; (R1) 1.1579; More....

Intraday bias in EUR/CHF remains neutral at this point as consolidation from 1.1366 is in progress. In case of further recovery, upside should be limited by 38.2% retracement of 1.2004 to 1.1366 at 1.1610 to bring another decline. On the downside, break of 1.1366 will resume the fall from 1.2004 and target next key support zone between 1.1154 and 1.1198.

In the bigger picture, current development suggests solid rejection by prior SNB imposed floor at 1.2000. Considering bearish divergence condition in daily and weekly MACD, 1.2004 should be a medium term top. And price action from 1.2004 is correcting the up trend from 1.0629. Deeper fall would be seen to key cluster level at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154. We'd expect strong support around there to contain downside and bring rebound.

Daily Pivots: (S1) 1.1611; (P) 1.1665 (R1) 1.1712; More.....

Intraday bias in EUR/USD remains neutral as consolidation from 1.1509 is still in progress. Stronger rebound could be seen. But we'd expect strong resistance from 1.1822/1995 resistance zone to limit upside and bring fall resumption eventually. On the downside, break of 1.1509 will resume the decline from 1.2555 and target 50% retracement of 1.0339 to 1.2555 at 1.1447 first. Break will target 61.8% retracement at 1.1186 next.

In the bigger picture, current development suggests that EUR/USD was rejected by 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516. And, a medium term top was formed at 1.2555 already. Decline from there should extend further to 61.8% retracement of 1.0339 to 1.2555 at 1.1186 and below. For now, even in case of rebound, we won't consider the fall from 1.2555 as finished as long as 1.1995 resistance holds.

Daily Pivots: (S1) 1.3280; (P) 1.3322; (R1) 1.3389; More...

Intraday bias in GBP/USD remains neutral as correction from 1.3203 is still in progress. Further rebound could be seen. But upside should be limited by 1.3617 resistance to bring reversal. On the downside, break of 1.3203 will resume the fall from 1.4376 for 50% retracement of 1.1946 to 1.4376 at 1.3161 first, and 61.8% retracement at 1.2875 next.

In the bigger picture, current development suggests that whole medium term rebound from 1.1936 (2016 low) has completed at 1.4376 already, with trend line broken firmly, on bearish divergence condition in daily MACD, after rejection from 55 month EMA (now at 1.4223). 61.8% retracement of 1.1936 (2016 low) to 1.4376 at 1.2874 is the next target. We'll pay attention to the reaction from there to asses the chance of long term down trend resumption. For now, outlook will stay bearish as long as 55 day EMA (now at 1.3670) holds, even in case of strong rebound.