USDJPY

The USD/JPY pair traded as high as 110.02 before starting a downside correction, currently trading at 109.10 levels. USD/JPY is expected to find support at 108.92, and a fall through could take it to the next support level of 108.55. On the other side resistance stands at 109.50, and a rise through could take it to the next resistance level of 109.75.

USDJPYH1-04-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.18 109.39 109.61 109.82 110.04 110.25 110.47
WEEKLY 106.09 106.88 107.96 108.75 109.83 110.62 111.70
MONTHLY 102.04 103.30 104.79 106.05 107.54 108.80 110.29

EURUSD

EUR/USD remained bearish, steadily contained by selling interest, currently trading at 1.1925 levels. EUR/USD is expected to find short term support at 1.1948 – Thursday’s low, and a fall through could take it to the next support level of 1.1915. On the other side immediate resistance stands at 1.2011, and a rise through could take it to the next resistance level of 1.2054.

EURUSDH1-04-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1894 1.1921 1.1955 1.1982 1.2016 1.2043 1.2077
WEEKLY 1.1794 1.1925 1.2028 1.2159 1.2262 1.2393 1.2496
MONTHLY 1.1836 1.1995 1.2159 1.2318 1.2482 1.2641 1.2805

GBPUSD

The GBP/USD pair has bounced from yesterday’s low, but even if US April payroll data disappoints, chances of the pound recovering remain well limited. The pair currently trading at 1.3577, is expected to find immediate support at 1.3535, and a fall through could take it to the next support level of 1.3524. On the other side resistance stands at 1.3631, and a rise through could take it to the next resistance level of 1.3660.

GBPUSDH1-04-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3438 1.3488 1.3530 1.3580 1.3622 1.3672 1.3714
WEEKLY 1.3392 1.3570 1.3675 1.3853 1.3958 1.4136 1.4241
MONTHLY 1.3205 1.3459 1.3738 1.3992 1.4271 1.4525 1.4804

GOLD

Weakness in the US Dollar and geopolitical tensions, boosted demand for Gold – currently trading at $1313. Gold is expected to find immediate support at 1310.40, and a fall through could take it to the next support level of 1301.68. On the other side resistance stands at 1318.25, and a rise through could take it to the next resistance level of 1325.43.

GOLDH1-04-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1294.26 1300.23 1306.86 1312.83 1319.46 1325.43 1332.06
WEEKLY 1297.56 1306.93 1315.66 1325.03 1333.76 1343.13 1351.86
MONTHLY 1250.24 1279.77 1303.54 1333.07 1356.84 1386.37 1410.14