USDJPY

USD/JPY is currently trading on the bid, near 111.80, the highest level in a week. The US dollar rose further during US session amid higher US yields yesterday, and Yen has been unable to strengthen despite falling equity prices. USD/JPY is expected to find support at 111.60 and a fall through could take it to the support level of 111.42. On the other side, resistance stands at 111.89, and a rise through could take it to the level of 112.15.

USDJPY-12-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.47 110.73 111.18 111.44 111.89 112.15 112.61
WEEKLY 110.08 110.44 111.09 111.45 112.10 112.46 113.11
MONTHLY 107.26 108.49 109.68 110.91 112.10 113.33 114.52

 

EURUSD

EUR/USD jumped nearly 50-pips from near the overnight lows and regained some fresh traction on the back of the persistent selling mood surrounding the Dollar. The selling mood around the Dollar gathered further pace after some unnamed sources reported that the Fed Chair Powell thinks that the US interest rates are in the right place. EUR/USD is expected to find support at 1.1268 and a fall through could take it further to the support level of 1.1249. On the other side, resistance stands at 1.1300, and a rise through could take it to the next resistance level of 1.1323. 

EURUSD-12-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1205 1.1228 1.1245 1.1267 1.1284 1.1306 1.1323
WEEKLY 1.1107 1.1145 1.1181 1.1219 1.1255 1.1293 1.1329
MONTHLY 1.0839 1.1007 1.1113 1.1281 1.1387 1.1555 1.1661

 

GBPUSD

GBP/USD trades near 1.3065 in the European open on Friday after it declined the previous day on the overall strength of the US Dollar. Cold response to the EU’s October 31 Brexit deadline extension and no breakthrough from cross-party talks confined the Pound’s upside on early-Thursday whereas upbeat data from the US further weakened the pair afterward. GBP/USD is expected to find support at 1.3035 and a fall through could take it to the next support level of 1.3005. On the other side, resistance stands at 1.3093, and a rise through could take it to the next resistance level of 1.3120.

GBPUSD-12-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2977 1.3014 1.3035 1.3072 1.3093 1.3130 1.3151
WEEKLY 1.2741 1.2864 1.2951 1.3074 1.3161 1.3284 1.3371
MONTHLY 1.2423 1.2686 1.2859 1.3122 1.3295 1.3558 1.3731

 

GOLD

Gold prices tumbled on Thursday as the Dollar gained traction and US yields moved higher. Despite a stronger than expected US PP, Jobless claims dropped to a 50-year lower allowing the 10-year yield in the US to soar. This paved the way for lower gold prices. Gold is expected to find support at the level of 1,289.30 and a fall through could take it to 1,286.60 level. On the other side, resistance stands at 1,296.50, and a rise through could take it to 1,301.80 level.

GOLD-12-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1269.31 1281.18 1288.41 1300.28 1307.51 1319.38 1326.61
WEEKLY 1264.90 1272.20 1281.30 1288.60 1297.70 1305.00 1314.10
MONTHLY 1230.66 1255.73 1274.36 1299.43 1318.06 1343.13 1361.76