USDJPY

USD/JPY has managed to rebound from Asian session lows, now trading just above 111.25 level, as a pickup in the US bond yields supported the US Dollar demand. Also an improvement in risk-sentiment is weighing on JPY’s safe-haven status, in favor of riskier assets. USD/JPY is expected to find support at 110.86, and a fall through could take it to the support level of 110.56. On the other side, resistance stands at 111.40, and a rise through could take it to the level of 111.64.

USDJPY_05_03_2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.75 110.86 110.96 111.07 111.18 111.28 111.39
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 trades near 1.1240 in the European open on Monday, with the pair adding to Friday’s gains and keeps recovering from the ECB-sponsored sell-off last Thursday, even though Fed Chair refrained from giving much importance to Friday’s NFP miss. EUR/USD is expected to find support at 1.1205 and a fall through could take it further to the support level of 1.1180. On the other side, resistance stands at 1.1260, and a rise through could take it to the next resistance level of 1.1292.

EURUSD_05_03_2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1214 1.1222 1.1227 1.1235 1.1240 1.1248 1.1253
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 trades little weak around 1.2995 during early Monday. The pair slipped beneath 200-day simple moving average but couldn’t decline much under immediate ascending support-line joining January low to February ones. GBP/USD is expected to find support at 1.2955 and a fall through could take it to the next support level of 1.2923. On the other side, resistance stands at 1.3028, and a rise through could take it to the next resistance level of 1.3065.

GBPUSD_05_03_2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2629 1.2810 1.2914 1.3095 1.3199 1.3380 1.3484
WEEKLY 1.2737 1.2889 1.3047 1.3199 1.3357 1.3509 1.3667
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065
 

GOLD

Gold prices took a U-turn from $1299 during early Monday, failing to surpass the $1,300 mark. Traders may now concentrate on monthly US retail sales figures and Brexit developments for fresh direction on the fundamental front. Gold is expected to find support at the level of 1,291.10 and a fall through could take it to 1,286.00 level. On the other side, resistance stands at 1,302.30, and a rise through could take it to 1,307.10 level.

Gold_05_03_2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1294.29 1295.42 1296.49 1297.62 1298.69 1299.82 1300.89
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