USDJPY

USD/JPY is trading at 111.47 between a range of 111.42 and 111.53, in a quiet early session today. Despite the repeated failure on the part of the sellers to keep the pair below the 200-day MA and the falling wedge breakout on the hourly chart, USD/JPY is struggling to gather bullish momentum. USD/JPY is expected to find support at 111.21 and a fall through could take it to the support level of 111.03. On the other side, resistance stands at 111.67, and a rise through could take it to the level of 111.88.

 

USDJPY-03-05-19
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.06 111.22 111.35 111.51 111.65 111.80 111.94
WEEKLY 110.17 110.78 111.19 111.80 112.21 112.82 113.23
MONTHLY 109.09 109.95 110.69 111.55 112.29 113.15 113.89

 

EURUSD

EUR/USD is on the defensive in the early session this Friday. The pair will likely revisit the recent low of 1.1110, if the US non-farm payrolls and more importantly, the wage-price inflation, scheduled for release at 12:30 GMT today, blows past expectations. EUR/USD is expected to find support at 1.1147 and a fall through could take it further to the support level of 1.1110. On the other side, resistance stands at 1.1187, and a rise through could take it to the next resistance level of 1.1215. 

 

EURUSD-03-05-19
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1107 1.1139 1.1156 1.1188 1.1205 1.1237 1.1254
WEEKLY 1.0933 1.1022 1.1086 1.1175 1.1239 1.1328 1.1392
MONTHLY 1.0896 1.1004 1.1110 1.1218 1.1324 1.1432 1.1538

 

GBPUSD

GBP/USD trades around 1.3030 while into the early session on Friday after the BOE’s Brexit pessimism and the broad USD pushed it down the previous day. Despite upwardly revising quarterly growth outlook, BoE’s Governor Carney’s concern over Brexit derailed investor optimism. Coming ahead for the pair, is the Markit services PMI from the UK and later the US employment data. GBP/USD is expected to find support at 1.3008 and a fall through could take it to the next support level of 1.2980. On the other side, resistance stands at 1.3060, and a rise through could take it to the next resistance level of 1.3089.

 

GBPUSD-03-05-19
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2944 1.2981 1.3007 1.3044 1.3070 1.3107 1.3132
WEEKLY 1.2696 1.2781 1.2850 1.2935 1.3004 1.3089 1.3158
MONTHLY 1.2536 1.2701 1.2868 1.3033 1.3200 1.3365 1.3532

 

GOLD

Gold traded near flat on Friday as traders remained cautious after the U.S. Federal Reserve's decision to keep interest rate decision unchanged. From here, all eyes turn to April's U.S. jobs report and the non-farm payroll data, which are due later in the day. Gold is expected to find support at 1,268.50 and a fall through could take it to the support level of 1,266.00. On the other side, resistance stands at 1,275.05, and a rise through could take it to the level of 1,278.30.

 

Gold-03-05-19
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1255.45 1261.45 1266.65 1272.65 1277.85 1283.85 1289.05
WEEKLY 1258.86 1262.43 1273.66 1277.23 1288.46 1292.03 1303.26
MONTHLY 1217.19 1242.62 1263.79 1289.22 1310.39 1335.82 1356.99