USDJPY

USD/JPY quickly retreated around 20-25 pips from Asian session swing high and is currently placed at the lower end of its daily trading range, around the 111.35 region. The Yen benefits from reviving safe-haven demand and keeps exerting some downward pressure, and despite the ongoing uptick in the US bond yields, the Dollar demand remains depressed. USD/JPY is expected to find support at 111.17 and a fall through could take it to the support level of 111.00. On the other side, resistance stands at 111.47, and a rise through could take it to the level of 111.68.

USDJPY-09-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.83 111.06 111.25 111.48 111.67 111.90 112.10
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 is making a bullish attempt to the 1.1280 region. On a broader view, the Euro remains under pressure following poor fundamentals in Euroland and the strong up move in the Dollar in past weeks. EUR/USD is expected to find support at 1.1240 and a fall through could take it further to the support level of 1.1227. On the other side, resistance stands at 1.1275, and a rise through could take it to the next resistance level of 1.1294. 

EURUSD-09-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1159 1.1187 1.1220 1.1248 1.1282 1.1309 1.1343
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 is trading around 1.3080 into the European open on Tuesday. Buyers welcome recent positive developments surrounding the Brexit but are yet to pass through the results from the cross-party talks and the EU summit to maintain the grip. GBP/USD is expected to find support at 1.3044 and a fall through could take it to the next support level of 1.3025. On the other side, resistance stands at 1.3097, and a rise through could take it to the next resistance level of 1.3120.

GBPUSD-09-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2992 1.3013 1.3037 1.3058 1.3083 1.3103 1.3128
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 prices are taking the rounds near mid-$1298, on the early Tuesday session, as investors give more emphasis to the latest news reports signaling an increase in global geopolitical tension. The yellow metal rose to a two-week high on Monday as hostilities in Libya and the US President’s another hit to Iran grabbed market attention. Gold is expected to find support at the level of 1,294.80 and a fall through could take it to 1,291.20 level. On the other side, resistance stands at 1,302.15, and a rise through could take it to 1,306.00 level.

GOLD-09-04-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1283.81 1289.78 1295.91 1301.88 1308.01 1313.98 1320.11
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