USDJPY

The price is currently knocking on the door for the 110.00 handle and if there is a successful attempt above this barrier it would open the door for the 110.35 resistance level. A reversal to the downside below the 108.40 hurdle could see the next target at the 107.80. Turning to the long-term picture, the outlook is neutral over the past year and only a decisive close above 114.55 could resume the bullish picture. On the other hand, a significant decline below January’s trough of 108.10 could shift the outlook to bearish.

USDJPY-07-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.19 109.37 109.68 109.87 110.18 110.37 111.68
WEEKLY 107.50 108.00 108.75 109.25 110.00 110.50 111.25
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96
 

EURUSD

The euro currency continues to drift lower against the US dollar on Thursday, with the pair edging closer to important trendline support. A sustained break below the 1.1360 level exposes the pair to further losses towards the 1.1300 level, which is a major technical level for the EURUSD. The EURUSD pair is bearish while trading below the 1.1360 level, key technical support is found at the 1.1330 and 1.1300 levels. If the EURUSD pair holds above the 1.1360 level, buyers may test towards the 1.1390 and 1.1410 resistance levels.

EURUSD-07-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1296 1.1328 1.1347 1.1378 1.1397 1.1428 1.1447
WEEKLY 1.1264 1.1327 1.1391 1.1454 1.1518 1.1581 1.1645
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866
 

GBPUSD

The pair remains weak against the US dollar on Thursday, with traders now awaiting the Bank of England rate decision and the outcome of British PM Theresa May’s Brexit negotiations with EU leaders. If the GBPUSD falls below the 1.2900 level, further losses towards the 1.2830 level appear likely. The GBPUSD pair is heavily bearish while trading below the 1.2990 level, key technical support is found at the 1.2900 and 1.2830 levels. If the GBPUSD pair trades above the 1.2990 level, key resistance is found at the 1.3020 and 1.3055 levels.

GBPUSD-07-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2859 1.2893 1.2912 1.2946 1.2966 1.2999 1.3019
WEEKLY 1.2843 1.2943 1.3015 1.3115 1.3187 1.3287 1.3359
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180
 

GOLD

Gold bulls have lost their momentum and the price is threatening the psychological level of 1300.Currently, the pair is expected to find support at 1303.30, and a fall through could take it to the next support level of 1299.00. The pair is expected to find its first resistance at 1315.80, and a rise through could take it to the next resistance level of 1324.00.

Gold-07-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1299.06 1304.33 1309.36 1314.63 1319.66 1324.93 1329.96
WEEKLY 1277.76 1290.23 1306.16 1318.63 1334.56 1347.03 1362.96
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30