USD/JPY

USD/JPY regains some traction and recovers a part of the overnight slide. The pair recovered a part of the previous session’s sharp intraday slide to near one-week lows. USD/JPY is expected to find support at 108.93 and a fall through could take it to the support level of 108.74. On the other side, resistance stands at 109.21 and a rise through could take it to the level of 109.53.

USDJPY-03-12-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.94 108.43 108.74 109.23 109.53 110.03 110.33
1 WEEK 107.82 108.22 108.87 109.27 109.92 110.32 110.97
1 MONTH 106.58 107.23 108.37 109.02 110.16 110.81 111.95

EURUSD

EUR/USD has been consolidating Monday’s gains above 1.1050. Trump’s tariffs on France and uncertainty about US-Sino relations is weighing on markets. Weak US ISM Manufacturing PMI figures and ECB uncertainty are in the mix. EUR/USD is expected to find support at 1.1065 and a fall through could take it further to the support level of 1.1050. On the other side, resistance stands at 1.1087 and a rise through could take it to the next resistance level of 1.1109.

EURUSD-03-12-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0935 1.0969 1.1022 1.1056 1.1109 1.1143 1.1196
1 WEEK 1.0935 1.0958 1.0988 1.1011 1.1041 1.1064 1.1094
1 MONTH 1.0743 1.0862 1.0939 1.1058 1.1135 1.1254 1.1331

GBPUSD

GBP/USD fails to ignore the broad US dollar (USD) recovery while heading to 1.2958 during the European open on Tuesday. Trump’s visit to the UK for the NATO summit is at the centre of the agenda. GBP/USD is expected to find support at 1.2934 and a fall through could take it to the next support level of 1.2917. On the other side, resistance stands at 1.2975 and a rise through could take it to the next resistance level of 1.3000.

GBPUSD-03-12-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2855 1.2876 1.2907 1.2928 1.2960 1.2980 1.3012
1 WEEK 1.2732 1.2779 1.2857 1.2904 1.2982 1.3029 1.3107
1 MONTH 1.2590 1.2679 1.2807 1.2896 1.3024 1.3113 1.3241

GOLD

Gold failed to capitalize on its recent recovery and fell back into the red zone on Tuesday, in response to the broad-based US dollar come back from weekly lows amid a bounce in the US Treasury yields. At the press time, the yellow metal trades near daily lows of $ 1462.30. Gold is expected to find support at 1,459.80 and a fall through could take it to the support level of 1,457.30. On the other side, resistance stands at 1,465.70, and a rise through could take it to the level of 1,468.00.

Gold-03-12-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1450.20 1455.00 1462.10 1466.90 1474.00 1478.80 1485.90
1 WEEK 1437.84 1450.57 1460.54 1473.27 1483.24 1495.97 1505.94
1 MONTH 1417.14 1441.07 1477.94 1501.87 1538.74 1562.67 1599.54