USDJPY

USD/JPY regained a positive traction on Wednesday and is currently placed at fresh two-week tops, around the 111.55 region. The pair reversed an Asian session dip to the 111.20 region and broke out of its overnight consolidative trading range on reports the US and China are moving closer to a trade deal. USD/JPY is expected to find support at 111.35, and a fall through could take it to the support level of 111.06. On the other side, resistance stands at 111.68, and a rise through could take it to the level of 111.85.

USDJPY-03-04-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.01 111.13 111.21 111.33 111.41 111.53 111.61
WEEKLY 108.84 109.28 110.07 110.51 111.30 111.74 112.53
MONTHLY 107.26 108.49 109.68 110.91 112.10 113.33 114.52


EURUSD

EUR/USD has managed to regain the 1.1200 handle and above on the back of renewed optimism surrounding the risk-associated space. Weakness around the Euro following recent disappointing results from fundamentals in Euroland looks somewhat mitigated for the time being, all helped by the better mood in riskier assets. EUR/USD is expected to find support at 1.1196 and a fall through could take it further to the support level of 1.1181. On the other side, resistance stands at 1.1230, and a rise through could take it to the next resistance level of 1.1252. 

EURUSD-03-04-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1153 1.1168 1.1186 1.1201 1.1218 1.1234 1.1251
WEEKLY 1.1048 1.1128 1.1173 1.1253 1.1298 1.1378 1.1423
MONTHLY 1.0839 1.1007 1.1113 1.1281 1.1387 1.1555 1.1661


GBPUSD

GBP/USD is on the bids near 1.3175, recovering on the latest reports signalling an end to Brexit deadlock. The development gave a sigh of relief to the Pound traders as it signalled faster progress of the Brexit process. GBP/USD is expected to find support at 1.3122 and a fall through could take it to the next support level of 1.3090. On the other side, resistance stands at 1.3200, and a rise through could take it to the next resistance level of 1.3224.

GBPUSD-03-04-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2908 1.2961 1.3044 1.3097 1.3179 1.3233 1.3315
WEEKLY 1.2624 1.2801 1.2917 1.3094 1.3210 1.3387 1.3503
MONTHLY 1.2423 1.2686 1.2859 1.3122 1.3295 1.3558 1.3731


GOLD

Gold reached near $1292 during early Wednesday, taking advantage of market risk-on mood as the early-week optimism surrounding the global growth faded. However, recent positive news reports concerning Brexit and the US-China trade deal can continue limiting the precious metal’s upside. Gold is expected to find support at the level of 1,286.80 and a fall through could take it to 1,282.55 level. On the other side, resistance stands at 1,295.30, and a rise through could take it to 1,299.20 level.

Gold-03-04-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1283.69 1286.62 1291.39 1294.32 1299.09 1302.02 1306.79
WEEKLY 1239.50 1262.80 1277.90 1301.20 1316.30 1339.60 1354.70
MONTHLY 1230.66 1255.73 1274.36 1299.43 1318.06 1343.13 1361.76