USDJPY

USD/JPY is trading at 111.65 level after hitting session lows of 111.48 post the BoJ monetary policy. The US Dollar failed to capitalize on the overnight uptick and held on the defensive amid some renewed weakness in the US Treasury bond yields. USD/JPY is expected to find support at 111.45, and a fall through could take it to the support level of 111.28. On the other side, resistance stands at 111.89, and a rise through could take it to the level of 112.06.

USDJPY-15-03-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.63 110.89 111.33 111.58 112.02 112.27 112.71
WEEKLY 109.22 110.00 110.58 111.36 111.94 112.72 113.30
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14
 

EURUSD

EUR/USD is recovering from yesterday’s pullback on the back of the renewed softer tone surrounding the Dollar and posts decent gains around 1.1320. EUR/USD is expected to find support at 1.1293 and a fall through could take it further to the support level of 1.1276. On the other side, resistance stands at 1.1337, and a rise through could take it to the next resistance level of 1.1345.

EURUSD-15-03-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1245 1.1270 1.1288 1.1312 1.1330 1.1354 1.1372
WEEKLY 1.0925 1.1051 1.1146 1.1272 1.1367 1.1493 1.1588
MONTHLY 1.0982 1.1107 1.1239 1.1364 1.1496 1.1621 1.1753
 

GBPUSD

GBP/USD declined further on Thursday and may trade flat-to-negative today on looming Brexit uncertainty, even though the British Parliament delayed Brexit deadline by three months. The three-month extension is unlikely to impress GBP bulls as it leaves the UK right where it started. GBP/USD is expected to find support at 1.3146 and a fall through could take it to the next support level of 1.3100. On the other side, resistance stands at 1.3335, and a rise through could take it to the next resistance level of 1.3381.

GBPUSD-15-03-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3077 1.3143 1.3200 1.3266 1.3323 1.3389 1.3446
WEEKLY 1.2629 1.2810 1.2914 1.3095 1.3199 1.3380 1.3484
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065
 

GOLD

Gold prices edged up on Friday as risk sentiment shifted amid reports from Brexit, US-China trade deal and North Korea news. Gold is expected to find support at the level of 1,294.05 and a fall through could take it to 1,290.37 level. On the other side, resistance stands at 1,307.80, and a rise through could take it to the next resistance level of 1,311.20.

Gold-15-03-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1270.50 1281.50 1288.30 1299.30 1306.10 1317.10 1323.90
WEEKLY 1265.80 1273.30 1286.30 1293.80 1306.80 1314.30 1327.30
MONTHLY 1252.16 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46