USDJPY

USD/JPY looks north on descending broadening channel breakout. Support stands at 109.40 and a fall through could take it to the next support level of 109.20. On the other side resistance stands at the aimed 109.60, and a rise through could challenge 109.70 resistance level.

USDJPY-04-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.30 109.37 109.40 109.47 109.51 109.57 109.61
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

EUR/USD Indecisive market, bulls need break above 1.1570. Support stands at 1.1420, and a break below might indicate further downside movement towards the next support level of 1.1400. On the other side resistance stands at 1.1470, and a rise through could take it to the next resistance level of 1.1500.

EURUSD-04-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1427 1.1437 1.1446 1.1456 1.1466 1.1475 1.1485
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

GBP/USD Irish backstop and construction PMI become immediate issues to watch. The pair is expected to find support at 1.3050 and a fall through could take it to the next support level of 1.3030. On the other side resistance stands at 1.3100, and a rise through could take it to the next resistance level of 1.3130.

GBPUSD-04-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3037 1.3050 1.3064 1.3077 1.3091 1.3104 1.3117
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 rising wedge restricts the surge. Short term support stands at 1310.00, and a fall through could take it to the next support level of 1300.00. On the other side resistance stands at 1320.00, and a rise through could take it to the next resistance level of 1330.00.

Gold-04-02-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1318.35 1319.75 1320.75 1322.15 1323.15 1324.55 1325.55
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