USDJPY

USD/JPY built on its steady intraday uptick and is currently placed near the top end of its daily trading range, around the 111.10-15 region. Improving risk-sentiment weighs on JPY’s safe-haven status and remains supportive of the pair. USD/JPY is expected to find support at 110.85 and a fall through could take it to the support level of 110.66. On the other side, resistance stands at 111.22, and a rise through could take it to the level of 111.45.

USDJPY-11-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.37 110.61 110.80 111.04 111.23 111.47 111.67
WEEKLY 110.08 110.44 111.09 111.45 112.10 112.46 113.11
MONTHLY 107.26 108.49 109.68 110.91 112.10 113.33 114.52

 

EURUSD

EUR/USD recovered the ground lost post-ECB meeting and is now returning to the upper end of the range in the 1.1280/5 band. EUR/USD is expected to find support at 1.1252 and a fall through could take it further to the support level of 1.1238. On the other side, resistance stands at 1.1295, and a rise through could take it to the next resistance level of 1.1312. 

EURUSD-11-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1181 1.1206 1.1241 1.1265 1.1300 1.1324 1.1359
WEEKLY 1.1107 1.1145 1.1181 1.1219 1.1255 1.1293 1.1329
MONTHLY 1.0839 1.1007 1.1113 1.1281 1.1387 1.1555 1.1661

 

GBPUSD

GBP/USD retreated from early session’s highs of 1.3108 to sub-1.3100 levels, in the European open on Thursday. Pound initially took advantage of the EU summit outcome that offered Brexit deadline extension. However, uncertainty surrounding cross-party talks at home still challenges the buyers. GBP/USD is expected to find support at 1.3051 and a fall through could take it to the next support level of 1.3028. On the other side, resistance stands at 1.3113, and a rise through could take it to the next resistance level of 1.3130.

GBPUSD-11-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2985 1.3017 1.3058 1.3089 1.3130 1.3161 1.3202
WEEKLY 1.2741 1.2864 1.2951 1.3074 1.3161 1.3284 1.3371
MONTHLY 1.2423 1.2686 1.2859 1.3122 1.3295 1.3558 1.3731

 

GOLD

Gold fell on Thursday in Asia amid renewed trade optimism and on positive Brexit developments as the EU and the U.K. agreed to an extension of the Brexit deadline until October. Gold is expected to find support at the level of 1,302.60 and a fall through could take it to 1,298.75 level. On the other side, resistance stands at 1,3010.35, and a rise through could take it to 1,313.40 level.

GOLD-11-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1303.24 1302.37 1305.74 1304.87 1308.24 1307.37 1310.74
WEEKLY 1264.90 1272.20 1281.30 1288.60 1297.70 1305.00 1314.10
MONTHLY 1230.66 1255.73 1274.36 1299.43 1318.06 1343.13 1361.76