USDJPY

USD/JPY is trading below mid-111.00s, as geopolitical tensions in Libya supported the Japanese Yen's relative safe-haven status and turned out to be one of the key factors weighing on the major. USD/JPY is expected to find support at 111.30, and a fall through could take it to the support level of 111.12. On the other side, resistance stands at 111.57, and a rise through could take it to the level of 111.74.

USDJPY-08-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.54 111.61 111.65 111.72 111.76 111.83 111.87
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 moving higher in the early European session, on US Dollar weakness. The selling mood around the Dollar is sustaining the buying pressure in the pair so far today, supported as well by the shrinking yield spread differential between the US 10-year note and its German peer. EUR/USD is expected to find support at 1.1214 and a fall through could take it further to the support level of 1.1200. On the other side, resistance stands at 1.1234, and a rise through could take it to the next resistance level of 1.1245. 

EURUSD-08-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1204 1.1209 1.1215 1.1219 1.1225 1.1229 1.1236
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 has managed a pullback from the intraday low of 1.3020 in today’s early session, and currently is trading around the mid-1.3000 level. The US Dollar decline during early-day trading as news of the geopolitical tension at Libya and by Trump’s comments about the Mexican border, pushing markets towards save haven assets. GBP/USD is expected to find support at 1.3011 and a fall through could take it to the next support level of 1.2988. On the other side, resistance stands at 1.3071, and a rise through could take it to the next resistance level of 1.3096.

GBPUSD-08-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3012 1.3018 1.3029 1.3035 1.3046 1.3052 1.3063
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 extends the rise towards the $1,300 mark, as Libyan geopolitical tensions lift the safe-haven demand of the precious metal. Further, falling Treasury yields and US equity futures dragged the Dollar lower across the board, collaborating to the upside in the yellow metal. Gold is expected to find support at the level of 1,292.40 and a fall through could take it to 1,289.60 level. On the other side, resistance stands at 1,299.70, and a rise through could take it to 1,304.30 level.

GOLD-08-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1293.26 1294.38 1295.16 1296.28 1297.06 1298.18 1298.96
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