USDJPY

USD/JPY pair came under some fresh selling pressure and slipped back below the 106.00 handle, closer to over one-week lows. A clear break below the key support level of 105.75 might lead to short term downtrend towards 105.00 as 104.00 is exposed. Resistance stands at 106.40 and a break above might lead 107.00 area.

USDJPY-16-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 105.29 105.54 105.92 106.17 106.55 106.80 107.18
WEEKLY 104.06 104.71 105.76 106.41 107.46 108.11 109.16
MONTHLY 99.71 102.62 104.65 107.56 109.59 112.50 114.53

EURUSD

EUR/USD is now gathering some steam and is lifting back above the 1.2300 handle ahead of European markets. A clear break below 1.2280 support area might indicate downside movement towards 1.2200 area. On the other side a breakout above 1.2380 might lead to 1.2400 resistance area as 1.2500 is on the horizon.

EURUSD-16-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2192 1.2246 1.2276 1.2330 1.2360 1.2414 1.2444
WEEKLY 1.2055 1.2162 1.2234 1.2341 1.2413 1.2520 1.2592
MONTHLY 1.1702 1.1945 1.2070 1.2313 1.2438 1.2681 1.2806

GBPUSD

GBP/USD is on the low side and currently trading near yesterday’s lows at 1.3930 within the range of 1.4000 and 1.3900. Support stands at 1.3900 and a clear break below might indicate downside movement towards 1.3800 level. Key resistance holds at 1.4000 level and a break above might target the next resistance area 1.4100.

GBPUSD-16-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3844 1.3883 1.3910 1.3949 1.3976 1.4015 1.4042
WEEKLY 1.3603 1.3685 1.3767 1.3849 1.3931 1.4013 1.4095
MONTHLY 1.3062 1.3406 1.3584 1.3931 1.4106 1.4453 1.4628

GOLD

Gold traded lower at weekly lows, testing the key support area 1315. Short term Support stands at 1310 and a clear break below will target 1300 handle. Resistance stands at 1330 and a clear break that level might lead to upside movement as 1345 is on the horizon.

GOLD-16-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1297.90 1306.40 1311.10 1319.60 1324.30 1332.80 1337.50
WEEKLY 1282.00 1297.60 1310.80 1326.40 1339.60 1355.20 1368.40
MONTHLY 1241.06 1275.03 1296.46 1330.43 1351.80 1385.83 1407.26