USDJPY

USD/JPY remained under some selling pressure on Tuesday and dropped to multi-day lows during the Asian session but an improving risk sentiment undermined JPY’s safe-haven demand and limited the downside. USD/JPY is expected to find support at 111.12, and a fall through could take it to the support level of 110.95. On the other side, resistance stands at 111.44, and a rise through could take it to the level of 111.59.

USDJPY_19_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.91 111.11 111.24 111.44 111.58 111.77 111.91
WEEKLY 109.90 110.39 110.93 111.42 111.96 112.45 112.99
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14

EURUSD

EUR/USD keeps the up move unabated so far this week, moving higher to the mid-1.1300s and targeting the 1.1360/65 band, where are located the 55-day and 100-day SMAs, a considered quite strong up barrier. EUR/USD is expected to find support at 1.1330 and a fall through could take it further to the support level of 1.1305. On the other side, resistance stands at 1.1368, and a rise through could take it to the next resistance level of 1.1384.

EURUSD_19_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1277 1.1298 1.1317 1.1338 1.1356 1.1378 1.1396
WEEKLY 1.1124 1.1172 1.1249 1.1297 1.1374 1.1422 1.1499
MONTHLY 1.0982 1.1107 1.1239 1.1364 1.1496 1.1621 1.1753

GBPUSD

GBP/USD is on bids near 1.3275 in the early European open on Tuesday. The pair declined on news that Theresa May’s third proposal for Brexit was turned down from Tuesday’s meaningful vote, however, growing concerns that the US Federal Reserve may emphasize more on accommodative policy gained market attention on Tuesday and has been fuelling the quote upwards. GBP/USD is expected to find support at 1.3208 and a fall through could take it to the next support level of 1.3185. On the other side, resistance stands at 1.3308, and a rise through could take it to the next resistance level of 1.3335.

GBPUSD_19_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3083 1.3134 1.3199 1.3250 1.3315 1.3366 1.3431
WEEKLY 1.2595 1.2772 1.3031 1.3208 1.3467 1.3644 1.3903
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065

GOLD

Gold trimmed a part of the early gains to multi-day tops, although has managed to hold its neck above the key $1300 psychological mark, as improving risk-sentiment seemed to keep a lid on any strong follow-through up-move. Gold is expected to find support at the level of 1,301.50 and a fall through could take it to 1,296.45 level. On the other side, resistance stands at 1,309.40, and a rise through could take it to the next resistance level of 1,313.45.

GOLD_19_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1288.74 1293.37 1297.44 1302.07 1306.14 1310.77 1314.84
WEEKLY 1270.80 1280.70 1291.80 1301.70 1312.80 1322.70 1333.80
MONTHLY 1252.16 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46