USDJPY

USD/JPY moved sharply lower against the Japanese yen, hitting 105.77 overnight, as U.S. President Donald Trump sought to impose fresh tariffs on the Chinese economy. 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-15-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 105.23 105.65 105.91 106.33 106.59 107.01 107.27
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

EURUSD was seen trading weaker yesterday following Tuesday’s strong gains. Price action remains range bound however, but with the euro finding support at 1.2345. A clear break below 1.2345 support area might indicate downside movement towards 1.2300 area. On the other side a breakout above 1.2345 might lead to 1.2400 resistance area as 1.2500 is on the horizon.

EURUSD-15-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2279 1.2313 1.2344 1.2378 1.2409 1.2443 1.2474
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 remains strongly bullish, with price-action still well bid above the key 1.3950 level. Support stands at 1.3935 and a clear break below might indicate downside movement towards 1.3900 level. Key resistance holds at 1.4000 level and a break above might target the next resistance area 1.4050.

GBPUSD-15-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3862 1.3894 1.3932 1.3964 1.4002 1.4034 1.4072
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

The precious metal held steady, hovering close to one-week highs as the previous session’s mixed U.S. data and political turmoil in Washington continued to pressure the dollar and support safe-haven demand. Short term Support stands at 1321 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-15-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1312.56 1317.13 1321.36 1325.93 1330.16 1334.73 1338.96
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