USDJPY

USD/JPY was recovering due to a rebound in risk and should US stock continue to recover; the yen will likely be under pressure to the BoJ’s liking. The pair is expected to find support at 111.92, and a fall through could take it to the support level of 111.61. On the other side, resistance stands at 112.51, and a rise through could take it to the next resistance level of 112.75.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.37 111.59 111.96 112.18 112.55 112.77 113.14
WEEKLY 109.26 110.55 111.37 112.66 113.78 114.77 115.59
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

EUR/USD currently lays just above 1.1560, heading into the early European trading as the focus is on the Eurozone final CPI figures due at 09:00 GMT. The common currency continues to remain undermined by downbeat Eurozone economic news while stronger US fundamentals and a solid performance on the Wall Street overnight lift the sentiment around the Dollar. EUR/USD is expected to find support at 1.1550 and a fall through could take it further to the support level of 1.1521. On the other side, resistance stands at 1.1589, and a rise through could take it to the next resistance level of 1.1610.

EURUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1500 1.1533 1.1555 1.1588 1.1610 1.1643 1.1665
WEEKLY 1.1278 1.1354 1.1459 1.1535 1.1640 1.1716 1.1821
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD is trading downwards, currently at 1.3171 ahead of the London market session, with inflation data for both the EU and the UK on the docket of the day. UK wages data reported yesterday put some bid on the GBP, but Wednesday’s EU leadership summit, where Brexit will be the top billing for the day will ultimately drive the pair. GBP/USD is expected to find support at 1.3150 and a fall through could take it to the next support level of 1.3118. On the other side, resistance stands at 1.3207, and a rise through could take it to the next resistance level of 1.3235.

GBPUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3045 1.3093 1.3140 1.3188 1.3235 1.3283 1.3330
WEEKLY 1.2804 1.2916 1.3035 1.3147 1.3266 1.3378 1.3497
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices drifted lower during the trading session on Tuesday, and continue to drop in the early session today, due to the rise of the US Dollar. Gold is expected to find support at the level of 1,218.91 and a fall through could take it to 1,215.74 level. On the other side, resistance stands at 1,229.40, and a rise through could take it to the next resistance level of 1,233.23.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1215.60 1221.20 1224.70 1230.30 1233.80 1239.40 1242.90
WEEKLY 1152.10 1167.90 1190.00 1208.80 1233.90 1249.70 1274.80
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34