USDJPY

USD/JPY move beyond the key 112.00 barrier and climbed to the highest level since December 20 on following the release of supportive US economic data on Tuesday but traded with a mild negative bias today and was seen extending the overnight modest pullback from fresh YTD tops. USD/JPY is expected to find support at 111.72, and a fall through could take it to the support level of 111.55. On the other side, resistance stands at 112.30, and a rise through could take it to the level of 112.57.

USDJPY_05_03_2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.33 111.55 111.70 111.92 112.08 112.29 112.45
WEEKLY 109.10 109.73 110.82 111.45 112.54 113.17 114.26
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14
 

EURUSD

EUR/USD has been losing ground since Friday, coming under renewed selling pressure following new multi-week peaks beyond the key 1.1400 the figure in late last week, and the pair is seeing fresh lows beneath 1.1300 levels. EUR/USD is expected to find support at 1.1281 and a fall through could take it further to the support level of 1.1264. On the other side, resistance stands at 1.1311, and a rise through could take it to the next resistance level of 1.1330.

EURUSD_05_03_2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1235 1.1262 1.1285 1.1312 1.1334 1.1362 1.1384
WEEKLY 1.1228 1.1276 1.1326 1.1374 1.1424 1.1472 1.1522
MONTHLY 1.0982 1.1107 1.1239 1.1364 1.1496 1.1621 1.1753
 

GBPUSD

GBP/USD trades near 1.3146 into the early European session on Wednesday. The pair dropped to the low near 1.3120 after Reuters reported no conclusion reached out of the EU-UK leaders’ recent meet. GBP/USD is expected to find support at 1.3095 and a fall through could take it to the next support level of 1.3063. On the other side, resistance stands at 1.3186, and a rise through could take it to the next resistance level of 1.3220.

GBPUSD_05_03_2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3004 1.3051 1.3104 1.3151 1.3204 1.3251 1.3303
WEEKLY 1.2737 1.2889 1.3047 1.3199 1.3357 1.3509 1.3667
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065
 

GOLD

Gold struggled for a firm direction on Wednesday and was seen trading in the neutral zone, around the $1288 region during the early European session. Gold is expected to find support at the level of 1,282.30 and a fall through could take it to 1,277.50 level. On the other side, resistance stands at 1,292.50, and a rise through could take it to the next resistance level of 1,297.00.

Gold_05_03_2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1272.34 1277.17 1280.94 1285.77 1289.54 1294.37 1298.14
WEEKLY 1238.44 1264.87 1282.04 1308.47 1325.64 1352.07 1369.24
MONTHLY 1252.16 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46