USDJPY

USD/JPY is trading near 111.40 levels in the lower bound of today’s trading range. The pair came under some selling pressure towards early European session after the Asian equities turned lower alongside the US equity futures and Treasury yields, suggesting fading Brexit and US-China trade optimism. USD/JPY is expected to find support at 111.18, and a fall through could take it to the support level of 111.00. On the other side, resistance stands at 111.60, and a rise through could take it to the level of 111.73.

USDJPY-04-04-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.83 111.02 111.20 111.39 111.57 111.76 111.94
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 extend the rebound from recent lows in sub-1.1200 levels seen earlier in the week, and currently trades near 1.1235. Better conditions in the risk-associated universe and some positive headlines around Brexit has been sustaining the bounce in the pair from lower levels. EUR/USD is expected to find support at 1.1216 and a fall through could take it further to the support level of 1.1200. On the other side, resistance stands at 1.1254, and a rise through could take it to the next resistance level of 1.1285. 

EURUSD-04-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1160 1.1181 1.1213 1.1234 1.1266 1.1287 1.1319
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 is holding the recent recovery intact as it currently trades near 1.3180. Pound buyers benefited from the latest positive developments surrounding the Brexit and from the market risk-on that weigh on the US Dollar. GBP/USD is expected to find support at 1.3139 and a fall through could take it to the next support level of 1.3121. On the other side, resistance stands at 1.3208, and a rise through could take it to the next resistance level of 1.3233.

GBPUSD-04-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3059 1.3091 1.3133 1.3165 1.3207 1.3239 1.3282
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 is little changed above mid $1292.00 level during the early European session on Thursday as risk-on remains intact. The yellow metal earlier weakened as positive news for the US-China trade deal and Brexit helped build the risk sentiment. Gold is expected to find support at the level of 1,288.40 and a fall through could take it to 1,285.20 level. On the other side, resistance stands at 1,295.30, and a rise through could take it to 1,297.10 level.

Gold-04-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1286.75 1289.75 1292.95 1295.95 1299.15 1302.15 1305.35
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