USDJPY

USD/JPY pair climbed to fresh tops on Friday, with bulls now eyeing a move towards reclaiming the 112.00 handle for the first time since Dec. 20. The pair built on this week’s goodish up-move, with a combination of supporting factors fueling the ongoing positive momentum and driving the pair higher. USD/JPY is expected to find support at 110.86, and a fall through could take it to the support level of 110.53. On the other side, resistance stands at 111.76, and a rise through could take it to the level of 112.09.

USDJPY_01_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.03 110.35 110.86 111.18 111.69 112.01 112.53
WEEKLY 108.29 108.99 109.74 110.44 111.19 111.89 111.64
MONTHLY 106.79 107.76 109.56 110.53 112.34 113.30 115.11

EURUSD

EUR/USD picked up a bid in Europe and jumped to a high of 1.1420, as the German 10-year bond yield hit three-week highs near 20 basis points. The move above 1.14, however, was short-lived with the dollar rising across the board after the US fourth-quarter annualized GDP release, as the dollar demand pushed EUR/USD all the way back to its opening rate of 1.1370. EUR/USD is expected to find support at 1.1355 and a fall through could take it further to the support level of 1.1337. On the other side, resistance stands at 1.1395, and a rise through could take it to the next resistance level of 1.1416.

EURUSD_01_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1285 1.1322 1.1347 1.1384 1.1409 1.1446 1.1471
WEEKLY 1.1188 1.1232 1.1287 1.1331 1.1386 1.1430 1.1485
MONTHLY 1.0988 1.1111 1.1242 1.1365 1.1495 1.1619 1.1749

GBPUSD

GBP/USD trades near 1.3260 before London open on Friday, with the pair weakening recently as better than forecast US GDP and the latest comments from the Fed Chair strengthened the US Dollar. GBP/USD is expected to find support at 1.3188 and a fall through could take it to the next support level of 1.3144. On the other side, resistance stands at 1.3310, and a rise through could take it to the next resistance level of 1.3349.

GBPUSD_01_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3172 1.3213 1.3238 1.3279 1.3304 1.3345 1.3371
WEEKLY 1.2707 1.2799 1.2926 1.3018 1.3145 1.3237 1.3364
MONTHLY 1.2333 1.2553 1.2909 1.3129 1.3485 1.3705 1.4061

GOLD

Gold trades near $1313.25 during early Friday. The yellow metal has been pleasing sellers since last two-days due to rising US Dollar and challenges for the largest bullion buyers. Gold is expected to find support at the level of 1,309.17 and a fall through could take it to 1,302.45 level. On the other side, resistance stands at 1,320.85, and a rise through could take it to the next resistance level of 1,327.48.

GOLD_01_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1295.31 1304.68 1310.11 1319.48 1324.91 1334.28 1339.71
WEEKLY 1294.30 1308.80 1320.80 1335.30 1347.30 1361.80 1373.80
MONTHLY 1252.31 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46