USDJPY

USD/JPY was seen indecisive in a thin trading band through the early session on Wednesday, consolidating the overnight slump to over one-week lows. Trump's latest threat to slap tariffs on European goods revived fears of fresh global trade tensions and provided a lift to Yen's safe-haven status. USD/JPY is expected to find support at 110.90 and a fall through could take it to the support level of 110.76. On the other side, resistance stands at 111.23, and a rise through could take it to the level of 111.42.

USDJPY-10-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.26 110.62 110.85 111.21 111.43 111.80 112.02
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 is now attempting some consolidation in the top of the weekly range near 1.1260 ahead of key events later today. The cautious stance has resurfaced in the markets following Trump’s threats of imposing further tariffs on EU products, including the key autos sector. Adding to the broad-based concerns over global growth, the IMF once again revised lower its outlook lowering expectations. EUR/USD is expected to find support at 1.1244 and a fall through could take it further to the support level of 1.1228. On the other side, resistance stands at 1.1283, and a rise through could take it to the next resistance level of 1.1300. 

EURUSD-10-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1223 1.1239 1.1252 1.1269 1.1282 1.1299/td> 1.1312
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 around 1.3057, as Pound buyers remain cautious ahead of the key events. Positive headlines concerning Brexit, pushed the pair to a session high of 1.3077, but later retracted towards mid-1.3000 in the European opening. GBP/USD is expected to find support at 1.3030 and a fall through could take it to the next support level of 1.3005. On the other side, resistance stands at 1.3100, and a rise through could take it to the next resistance level of 1.3135.

GBPUSD-10-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2928 1.2980 1.3018 1.3069 1.3107 1.3158 1.3197
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 reversed an Asian session dip to the $1,300 neighborhood and jumped back closer to near two-week tops set in the previous session. The prevalent US Dollar selling bias and weaker US bond yields continue to lend support to the precious metal. Gold is expected to find support at the level of 1,301.45 and a fall through could take it to 1,296.80 level. On the other side, resistance stands at 1,306.90, and a rise through could take it to 1,309.30 level.

GOLD-10-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1293.30 1295.90 1299.70 1302.30 1306.10 1308.70 1312.50
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