USDJPY

USD/JPY tumbled to over one-week lows on the last trading day of the week, with bears eyeing a follow-through weakness below the 111.00 round figure mark, as the US Dollar trims a part of Thursday’s strong gains and fails to lend any support. USD/JPY is expected to find support at 110.79, and a fall through could take it to the support level of 110.56. On the other side, resistance stands at 111.36, and a rise through could take it to the level of 111.68.

USDJPY_08_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.09 111.29 111.46 111.66 111.83 112.03 112.21
WEEKLY 109.10 109.73 110.82 111.45 112.54 113.17 114.26
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14

EURUSD

EUR/USD managed to regain some composure and reclaim the 1.1200 handle early today in the European morning, after hitting fresh 2019 lows near 1.1180 on the dovish tone from the ECB. EUR/USD is expected to find support at 1.1176 and a fall through could take it further to the support level of 1.1157. On the other side, resistance stands at 1.1236, and a rise through could take it to the next resistance level of 1.1267.

EURUSD_08_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0999 1.1088 1.1143 1.1232 1.1287 1.1376 1.1431
WEEKLY 1.1228 1.1276 1.1326 1.1374 1.1424 1.1472 1.1522
MONTHLY 1.0982 1.1107 1.1239 1.1364 1.1496 1.1621 1.1753

GBPUSD

GBP/USD swings under the 1.3100 handle in the European open on Friday. The pair recently dropped after lack of Brexit progress and disappointments from the ECB pushed markets toward the US Dollar. GBP/USD is expected to find support at 1.3056 and a fall through could take it to the next support level of 1.3030. On the other side, resistance stands at 1.3140, and a rise through could take it to the next resistance level of 1.3177.

GBPUSD_08_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2925 1.2997 1.3043 1.3115 1.3162 1.3233 1.3280
WEEKLY 1.2737 1.2889 1.3047 1.3199 1.3357 1.3509 1.3667
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065

GOLD

Gold gained some positive traction on the last trading day of the week and was seen building on the overnight attempted bounce from over one-month lows as a fresh wave of risk-aversion trade supported the commodity’s safe-haven demand. Gold is expected to find support at the level of 1,285.91 and a fall through could take it to 1,280.56 level. On the other side, resistance stands at 1,297.10, and a rise through could take it to 1,300-05 horizontal zone.

GOLD_08_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1272.60 1276.70 1281.40 1285.50 1290.20 1294.30 1299.00
WEEKLY 1238.44 1264.87 1282.04 1308.47 1325.64 1352.07 1369.24
MONTHLY 1252.16 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46