USDJPY

USD/JPY caught some fresh bids during the Asian session on Thursday and climbed to weekly tops, just above mid-111.00s in the last hour. The JP Yen weighed down by reports that the Japanese government might downgrade in economic assessment, and bullish traders also took cues from a goodish pickup in the US bond yields and reviving US Dollar demand. USD/JPY is expected to find support at 111.30, and a fall through could take it to the support level of 111.06. On the other side, resistance stands at 111.81, and a rise through could take it to the level of 112.07.

USDJPY-14-03-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.52 110.76 110.99 111.23 111.46 111.70 111.92
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 came under some selling pressure and retreated to the 1.1310 area ahead of the opening bell in Europe, but further in session the pair recovered and now aims towards session’s highs. EUR/USD is expected to find support at 1.1291 and a fall through could take it further to the support level of 1.1265. On the other side, resistance stands at 1.1348, and a rise through could take it to the next resistance level of 1.1367.

EURUSD-14-03-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1232 1.1255 1.1294 1.1317 1.1356 1.1379 1.1418
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 to 1.3250 ahead of London open on Thursday, as the pair failed to hold previous gains as investors doubt Brexit progress. Further in the session though, the pair managed a comeback, and currently trades at 1.3320. GBP/USD is expected to find support at 1.3188 and a fall through could take it to the next support level of 1.3128. On the other side, resistance stands at 1.3380, and a rise through could take it to the next resistance level of 1.3415.

GBPUSD-14-03-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2791 1.2928 1.3107 1.3244 1.3423 1.3560 1.3740
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 extended its steady intraday decline and is currently placed at session lows, with bears now eyeing a follow-through weakness below the key $1300 psychological mark. Gold is expected to find support at the level of 1,297.57 and a fall through could take it to 1,293.90 level. On the other side, resistance stands at 1,307.70, and a rise through could take it to the next resistance level of 1,311.20.

Gold-14-03-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1291.74 1296.17 1302.74 1307.17 1313.74 1318.17 1324.74
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