USDJPY

USD/JPY trades near the highest level in three weeks, 111.70, during initial Europe open on Friday. The Japanese Yen was weighed down by the progress in the US and China trade negotiations and weaker than anticipated economic statistics by Japan. USD/JPY is expected to find support at 111.53, and a fall through could take it to the support level of 111.36. On the other side, resistance stands at 111.85, and a rise through could take it to the level of 112.00.

USDJPY-05-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.07 111.20 111.43 111.56 111.79 111.92 112.14
WEEKLY 108.84 109.28 110.07 110.51 111.30 111.74 112.53
MONTHLY 107.26 108.49 109.68 110.91 112.10 113.33 114.52

 

EURUSD

EUR/USD is moving higher in the early European session, near mid 1.1230. The pair has practically ignored positive developments from the US-China trade front, focusing instead in the performance of yields in Germany and the spread vs. their American counterparts. EUR/USD is expected to find support at 1.1210 and a fall through could take it further to the support level of 1.1190. On the other side, resistance stands at 1.1241, and a rise through could take it to the next resistance level of 1.1257. 

EURUSD-05-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1161 1.1184 1.1204 1.1227 1.1247 1.1270 1.1290
WEEKLY 1.1048 1.1128 1.1173 1.1253 1.1298 1.1378 1.1423
MONTHLY 1.0839 1.1007 1.1113 1.1281 1.1387 1.1555 1.1661

 

GBPUSD

GBP/USD has been on the positive side in today’s session as buyers cheer recent Brexit developments signalling an end to Brexit deadlock. However, the all-important employment data from the US is still left pending for release and becomes crucial for markets. GBP/USD is expected to find support at 1.3083 and a fall through could take it to the next support level of 1.3055. On the other side, resistance stands at 1.3158, and a rise through could take it to the next resistance level of 1.3190.

GBPUSD-05-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2894 1.2977 1.3025 1.3108 1.3156 1.3239 1.3287
WEEKLY 1.2624 1.2801 1.2917 1.3094 1.3210 1.3387 1.3503
MONTHLY 1.2423 1.2686 1.2859 1.3122 1.3295 1.3558 1.3731

 

GOLD

Gold dropped to its lowest level since early March at $1280 in yesterday’s session, but by the end of the session managed a rebound up to $1294. However, in today’s early session, Gold have reversed its gains, and market participants await the NFP Report later today for a clear direction. Gold is expected to find support at the level of 1,285.15 and a fall through could take it to 1,282.50 level. On the other side, resistance stands at 1,292.50, and a rise through could take it to 1,295.80 level.

GOLD-05-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1268.36 1273.93 1281.46 1287.03 1294.56 1300.13 1307.66
WEEKLY 1239.50 1262.80 1277.90 1301.20 1316.30 1339.60 1354.70
MONTHLY 1230.66 1255.73 1274.36 1299.43 1318.06 1343.13 1361.76