USDJPY

USD/JPY closed yesterday at 108.85, confirming a bear flag breakdown on the daily line chart. USD/JPY is expected to find support at 108.74, and a fall through could take it to the support level of 108.49. On the other side, resistance stands at 109.06, and a rise through could take it to the level of 109.41.

USDJPY-01-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.06 108.28 108.56 108.78 109.06 109.28 109.56
WEEKLY 108.26 108.70 109.12 109.56 109.98 110.42 110.84
MONTHLY 100.91 102.96 105.90 107.95 110.90 112.94 115.89
 

EURUSD

EUR/USD is currently trading at 1.1436, retracting from a high of 1.1514 that hit on the early session yesterday. The disappointing growth numbers validated ECB's recent dovish tilt, pushing the pair well below the 1.1500 handle. EUR/USD is expected to find support at 1.1412 and a fall through could take it further to the support level of 1.1385. On the other side, resistance stands at 1.1495, and a rise through could take it to the next resistance level of 1.1522.

EURUSD-01-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1334 1.1384 1.1414 1.1465 1.1495 1.1546 1.1576
WEEKLY 1.1196 1.1242 1.1329 1.1375 1.1462 1.1508 1.1595
MONTHLY 1.1019 1.1154 1.1301 1.1436 1.1584 1.1718 1.1866
 

GBPUSD

GBP/USD trades modestly flat near the 1.31 handle heading towards the London opening, as the upside attempts continue to get sold-off ahead of the last amid broad-based US dollar rebound and looming Brexit uncertainty. GBP/USD is expected to find support at 1.3067 and a fall through could take it to the next support level of 1.3044. On the other side, resistance stands at 1.3127, and a rise through could take it to the next resistance level of 1.3158.

GBPUSD-01-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3023 1.3060 1.3085 1.3123 1.3148 1.3186 1.3210
WEEKLY 1.2562 1.2696 1.2950 1.3084 1.3338 1.3472 1.3726
MONTHLY 1.2179 1.2328 1.2543 1.2692 1.2907 1.3056 1.3271
 

GOLD

Gold could trade in a sideways-to-negative manner as the RSI has rolled over from overbought territory, confirming a bearish divergence. Gold is expected to find support at the level of 1,311.80 and a fall through could take it to 1,302.15 level. On the other side, resistance stands at 1,322.30, and a rise through could take it to the next resistance level of 1,326.15.

Gold-01-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1304.80 1310.75/td> 1318.25 1324.20 1331.70 1337.64 1345.15
WEEKLY 1259.56 1270.53 1287.36 1298.33 1315.16 1326.13 1342.96
MONTHLY 1236.39 1256.02 1290.89 1310.52 1345.39 1365.02 1399.89