USDJPY

USD/JPY pair caught some fresh bids on Monday, and currently trading at 110.19. Despite the recent dovish tilt by the Fed, resurfacing US-China trade tensions lifted the US Dollar to a near six-week high and was one of the key factors that helped the pair to regain some positive traction on the first trading day of the week. USD/JPY is expected to find support at 109.76, and a fall through could take it to the support level of 109.42. On the other side, resistance stands at 110.35, and a rise through could take it to the level of 110.50.

USDJPY_11_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.53 109.61 109.71 109.79 109.89 109.97 110.07
WEEKLY 108.66 109.05 109.39 109.78 110.12 110.51 110.85
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

EUR/USD is moving closer to the critical support at the 1.1300 figure as the selling mood surrounding the European currency stays well at the beginning of the week. The pair quickly faded the initial bullish attempt to the 1.1330 region and continues to grind lower amidst a tight range and alternating risk appetite trend. EUR/USD is expected to find support at 1.1289 and a fall through could take it further to the support level of 1.1267. On the other side, resistance stands at 1.1346, and a rise through could take it to the next resistance level of 1.1387.

EURUSD_11_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1294 1.1304 1.1314 1.1324 1.1334 1.1344 1.1354
WEEKLY 1.1130 1.1225 1.1277 1.1372 1.1424 1.1519 1.1571
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

GBP/USD have moved towards the 1.2900 level and currently trading at 1.2905 after the GDP data for the fourth quarter. GBP/USD is expected to find support at 1.2872 and a fall through could take it to the next support level of 1.2850. On the other side, resistance stands at 1.2940, and a rise through could take it to the next resistance level of 1.2982.

GBPUSD_11_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2897 1.2912 1.2925 1.2940 1.2953 1.2968 1.2981
WEEKLY 1.2581 1.2717 1.2832 1.2968 1.3083 1.3219 1.3334
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold met with some fresh supply at the start of a new week and is currently trading close to 1308.30. The precious metal struggled to build on last week’s late rebound from over one-week lows and came under some renewed selling pressure in wake of the continuation of the recent US Dollar rally. Gold is expected to find support at the level of 1,304.42 and a fall through could take it to 1,300.00 level. On the other side, resistance stands at 1,314.30, and a rise through could take it to the next resistance level of 1,319.65.

GOLD_11_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1316.11 1316.68 1317.06 1317.63 1318.01 1318.58 1318.96
WEEKLY 1291.54 1298.97 1308.74 1316.17 1325.94 1333.37 1343.14
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30