Technical Analysis

EUR/USD Trades near 1.1240 – USD/JPY on the bids below 112.00

Published on 2019-04-22 11:27 Share
USD/JPY

USDJPY

USD/JPY is slightly on the bids just below the 112.00 mark during early Easter Monday when most global markets are off. Traders are likely favoring the US Dollar during less active markets. USD/JPY is expected to find support at 111.80 and a fall through could take it to the support level of 111.68. On the other side, resistance stands at 112.05, and a rise through could take it to the level of 112.15.

 

USDJPY-22-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.76 111.81 111.86 111.91 111.96 112.01 112.07
WEEKLY 111.32 111.54 111.73 111.95 112.14 112.36 112.55
MONTHLY 107.26 108.49 109.68 110.91 112.10 113.33 114.52

 

EURUSD

EUR/USD keeps navigating the lower end of the recent range near 1.1240 following last week’s rejection from tops beyond 1.1300 the figure. The pair failed to extend the rally beyond the 1.1320 area in past sessions, just ahead of the key resistance at the 200-week SMA near 1.1340. EUR/USD is expected to find support at 1.1225 and a fall through could take it further to the support level of 1.1211. On the other side, resistance stands at 1.1255, and a rise through could take it to the next resistance level of 1.1273. 

 

EURUSD-22-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1230 1.1235 1.1240 1.1245 1.1250 1.1255 1.1261
WEEKLY 1.1108 1.1167 1.1208 1.1267 1.1308 1.1367 1.1408
MONTHLY 1.0839 1.1007 1.1113 1.1281 1.1387 1.1555 1.1661

 

GBPUSD

GBP/USD is taking the rounds near 1.3000 mark during early Monday. The pair recently bounced off the 200-day SMA despite negative Brexit headlines and Easter Monday holidays at most global markets. GBP/USD is expected to find support at 1.2977 and a fall through could take it to the next support level of 1.2958. On the other side, resistance stands at 1.3013, and a rise through could take it to the next resistance level of 1.3038.

 

GBPUSD-22-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2973 1.2980 1.2986 1.2993 1.2999 1.3006 1.3012
WEEKLY 1.2800 1.2891 1.2942 1.3033 1.3084 1.3175 1.3226
MONTHLY 1.2423 1.2686 1.2859 1.3122 1.3295 1.3558 1.3731

 

GOLD

Gold is witnessing a corrective bounce in early Monday with prices currently trading at $1,277.5 per Oz. Any gains however, seems to be short-lived, as the last week's US retail sales and jobless claims have weakened prospects of a recession in the world's biggest economy, meaning the US Dollar could likely remain bid in the next few days. Gold is expected to find support at 1,273.40 and a fall through could take it to the support level of 1,270.80. On the other side, resistance stands at 1,280.20, and a rise through could take it to the level of 1,283.30.

 

GOLD-22-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1276.29 1276.92 1277.89 1278.52 1279.49 1280.12 1281.09
WEEKLY 1248.36 1259.23 1265.56 1276.43 1282.76 1293.63 1299.96
MONTHLY 1230.66 1255.73 1274.36 1299.43 1318.06 1343.13 1361.76

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