USDJPY

USD/JPY remains mostly unchanged around 109.90 during Tuesday’s early trading sessions, however, overbought levels of the 14-period RSI and the resistance-line of the immediate ascending trend channel could confine the pair’s up move. USD/JPY is expected to find support at 109.74, and a fall through could take it to the support level of 109.42. On the other side, resistance stands at 110.16, and a rise through could take it to the level of 110.45.

USDJPYH-05-02-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.83 109.14 109.55 109.86 110.28 110.58 111.00
WEEKLY 107.50 108.00 108.75 109.25 110.00 110.50 111.25
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

EUR/USD is currently trading at 1.1430, retracting from the 3-week high of 1.1514 that hit last week. The pair took a beat, as the January non-farm payrolls countered recession fears and underscored the growing divergence between the economic conditions in the US and Europe. EUR/USD is expected to find support at 1.1405 and a fall through could take it further to the support level of 1.1371. On the other side, resistance stands at 1.1463, and a rise through could take it to the next resistance level of 1.1495.

EURUSDH-05-02-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1383 1.1404 1.1420 1.1440 1.1456 1.1476 1.1492
WEEKLY 1.1264 1.1327 1.1391 1.1454 1.1518 1.1581 1.1645
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

GBP/USD have somewhat halted its previous declines and currently trading at 1.3040. A daily closing under the 200-day SMA restrained the pair to extend its recent pullback as investors await the British services PMI coming at 09:30 GMT. GBP/USD is expected to find support at 1.3010 and a fall through could take it to the next support level of 1.2975. On the other side, resistance stands at 1.3079, and a rise through could take it to the next resistance level of 1.3114.

GBPUSDH-05-02-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2925 1.2975 1.3001 1.3052 1.3078 1.3129 1.3154
WEEKLY 1.2843 1.2943 1.3015 1.3115 1.3187 1.3287 1.3359
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold is mildly bid in the early session today, currently trading at $1,313.85, but gains could be temporary if the 10-year US treasury yield rises for the third straight day. Gold is expected to find support at the level of 1,308.50 and a fall through could take it to 1,301.70 level. On the other side, resistance stands at 1,322.30, and a rise through could take it to the next resistance level of 1,326.15.

GOLD-05-02-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1302.65 1307.75 1311.85 1316.95 1321.05 1326.15 1330.25
WEEKLY 1277.76 1290.23 1306.16 1318.63 1334.56 1347.03 1362.96
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30