USDJPY

USD/JPY struggled to capitalize on the early uptick to near two-week tops and is currently placed at the around the 111.35-40 region. A modest pullback in the US Treasury bond yields, amid the predominant caution mood around equity markets, was one of the key factors encouraging some long-unwinding trade, although the downside remained cushioned. USD/JPY is expected to find support at 111.26, and a fall through could take it to the support level of 111.09. On the other side, resistance stands at 111.52, and a rise through could take it to the level of 111.70.

USDJPY-02-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.47 110.67 111.06 111.26 111.65 111.85 112.24
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 down for yet another session, extending the bearish move below the 1.1200 handle on Tuesday, opening at the same time the door for a potential new visit to yearly lows in the 1.1180/75 band. EUR/USD is expected to find support at 1.1182 and a fall through could take it further to the support level of 1.1167. On the other side, resistance stands at 1.1227, and a rise through could take it to the next resistance level of 1.1249. 

EURUSD-02-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1135 1.1167 1.1186 1.1218 1.1237 1.1269 1.1289
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 plummet close to 1.3035 in the European open on Tuesday, as the uncertainty surrounding the British exit from the EU weighed in on the Pound. The British Pound weakened across the board after the UK’s parliament rejected all the four Brexit proposals during early-day indicative votes, giving rise to the threat of no-deal departure.. GBP/USD is expected to find support at 1.3010 and a fall through could take it to the next support level of 1.2982. On the other side, resistance stands at 1.3080, and a rise through could take it to the next resistance level of 1.3096.

GBPUSD-02-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2861 1.2935 1.3002 1.3076 1.3142 1.3217 1.3283
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 remains under pressure as last week drop changed the short-term tone. A stronger US dollar and higher US yields favored the reversal in the yellow metal. Gold is expected to find support at the level of 1,282.15 and a fall through could take it to 1,277.60 level. On the other side, resistance stands at 1,291.50, and a rise through could take it to 1,294.60 level.

GOLD-02-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1277.59 1284.32 1288.09 1294.82 1298.59 1305.32 1309.09
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