USDJPY

USD/JPY pair is currently trading around of 109.75, having faced rejection at the psychological hurdle of 110.00 for the third day straight. USD/JPY is expected to find support at 109.50, and a fall through could take it to the support level of 109.27. On the other side, resistance stands at 109.94, and a rise through could take it to the level of 110.18.

USDJPY-06-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.54 109.66 109.80 109.92 110.05 110.18 111.31
WEEKLY 107.50 108.00 108.75 109.25 110.00 110.50 111.25
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96
 

EURUSD

EUR/USD is currently trading just below 1.14 with fears of a deeper economic slowdown in Eurozone still remain. Euro started a downside move against the US Dollar, and the pair broke the 1.1450 and 1.1420 support levels to enter a bearish zone. EUR/USD is expected to find support at 1.1376 and a fall through could take it further to the support level of 1.1350. On the other side, resistance stands at 1.1427, and a rise through could take it to the next resistance level of 1.1448.

EURUSD-06-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1352 1.1376 1.1393 1.1417 1.1434 1.1458 1.1475
WEEKLY 1.1264 1.1327 1.1391 1.1454 1.1518 1.1581 1.1645
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866
 

GBPUSD

GBP/USD is trading around 1.2950 against the USD in the early session on Wednesday. The pair bounced off the 1.2940 on The Telegraph report that several cabinet ministers have secretly discussed plans to delay Brexit by eight weeks. GBP/USD is expected to find support at 1.2911 and a fall through could take it to the next support level of 1.2880. On the other side, resistance stands at 1.2980, and a rise through could take it to the next resistance level of 1.3037.

GBPUSD-06-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2773 1.2850 1.2904 1.2980 1.3034 1.3110 1.3164
WEEKLY 1.2843 1.2943 1.3015 1.3115 1.3187 1.3287 1.3359
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180
 

GOLD

Gold prices have moved into a sideways consolidation of the correction of the late Jan post-Fed highs and are directionless as markets take a breather. Gold is expected to find support at the level of 1,306.30 and a fall through could take it to 1,300.00 level. On the other side, resistance stands at 1,322.02, and a rise through could take it to the next resistance level of 1,326.20.

Gold-06-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1309.51 1312.18 1315.61 1318.28 1321.71 1324.38 1327.81
WEEKLY 1277.76 1290.23 1306.16 1318.63 1334.56 1347.03 1362.96
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30