USDJPY

USDJPY is capping off following the recent risk appetite surge, and the pair is settling back into 105.60. Resistance holds at 105.80 area l and a break above might lead to 106.00 handle. Support stands at 104.60 and a break below might lead to new lows as 104 is exposed.

USDJPY-27-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 104.19 104.46 105.01 105.28 105.83 106.10 106.65
WEEKLY 102.02 103.33 104.03 105.34 106.04 107.35 108.05
MONTHLY 99.71 102.62 104.65 107.56 109.59 112.50 114.53

EURUSD

EURUSD upside momentum remains as currently its testing the resistance level of1.2465. A breakout above 1.2465 resistance might lead to 1.2500 as 1.2600 is on the horizon A clear break below 1.2300 support area might indicate downside movement towards 1.2230 area.

EURUSD-27-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2276 1.2314 1.2386 1.2424 1.2496 1.2534 1.2606
WEEKLY 1.2113 1.2176 1.2264 1.2327 1.2415 1.2478 1.2566
MONTHLY 1.1702 1.1945 1.2070 1.2313 1.2438 1.2681 1.2806

GBPUSD

GBP/USD continues climbing higher and currently is testing the resistance level 1.4230, heading into the European markets. Key resistance holds at 1.4230 and a break above might target the next resistance area 1. 4300 areas. Support stands at 1.4080 and a clear break below might indicate downside movement towards 1.4000 level.

GBPUSD-27-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.4076 1.4111 1.4175 1.4210 1.4274 1.4309 1.4373
WEEKLY 1.3652 1.3782 1.3958 1.4088 1.4264 1.4394 1.4570
MONTHLY 1.3062 1.3406 1.3584 1.3931 1.4106 1.4453 1.4628

GOLD

Gold remains on the upper side testing 1356. Resistance stands at 1356 and a clear break above that level might lead to upside movement to the next level of 1360. Short term support stands at 1350 and a clear break below will target 1345 handle.

GOLD-27-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1333.16 1338.33 1345.56 1350.73 1357.96 1363.13 1370.36
WEEKLY 1277.06 1291.83 1320.86 1335.63 1364.66 1379.43 1408.46
MONTHLY 1241.06 1275.03 1296.46 1330.43 1351.80 1385.83 1407.26