USDJPY

USD/JPY wavered in a thin trading band below 112.00 at the start of a new trading week and was seen consolidating the recent strong gains to multi-week tops. The risk-on mood and the US-China trade optimism weakens JPY and helps limit the downside. USD/JPY is expected to find support at 111.74 and a fall through could take it to the support level of 111.51. On the other side, resistance stands at 112.08, and a rise through could take it to the level of 112.21.

USDJPY-15-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.84 111.89 111.96 112.01 112.09 112.14 112.21
WEEKLY 109.95 110.39 111.21 111.65 112.47 112.91 113.73
MONTHLY 107.26 108.49 109.68 110.91 112.10 113.33 114.52

 

EURUSD

EUR/USD is currently trading at 1.1316, having found bids at the 50-day MA, and the buying interest around the European currency remains well and sound at the beginning of the week. EUR/USD is expected to find support at 1.1287 and a fall through could take it further to the support level of 1.1266. On the other side, resistance stands at 1.1330, and a rise through could take it to the next resistance level of 1.1347. 

EURUSD-15-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1283 1.1289 1.1296 1.1302 1.1309 1.1315 1.1321
WEEKLY 1.1122 1.1168 1.1235 1.1281 1.1348 1.1394 1.1461
MONTHLY 1.0839 1.1007 1.1113 1.1281 1.1387 1.1555 1.1661

 

GBPUSD

GBP/USD is trading near 1.3100, as the absence of fresh directives pushes the Pound buyers to benefit from the overall USD weakness. GBP/USD is expected to find support at 1.3062 and a fall through could take it to the next support level of 1.3037. On the other side, resistance stands at 1.3111, and a rise through could take it to the next resistance level of 1.3130.

GBPUSD-15-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3044 1.3055 1.3069 1.3079 1.3093 1.3103 1.3118
WEEKLY 1.2911 1.2966 1.3025 1.3080 1.3139 1.3194 1.3253
MONTHLY 1.2423 1.2686 1.2859 1.3122 1.3295 1.3558 1.3731

 

GOLD

Gold drops to the lowest levels since April 05 as it trades under $1,287.00 during early Monday. Optimism surrounding global equity markets near late-Friday seems well received by the early traders so far since the week-start. With this, global traders might reassess risk sentiment in order to determine near-term trade moves, which in turn could propel the gold’s safe-haven demand. Gold is expected to find support at the level of 1,284.00 and a fall through could take it to 1,280.50 level. On the other side, resistance stands at 1,289.90, and a rise through could take it to 1,293.25level.

GOLD-15-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1289.35 1290.95 1291.95 1293.55 1294.55 1296.15 1297.15
WEEKLY 1266.10 1277.60 1284.10 1295.60 1302.10 1313.60 1320.10
MONTHLY 1230.66 1255.73 1274.36 1299.43 1318.06 1343.13 1361.76