USDJPY

USD/JPY is currently trading at 109.37 in a tight band, scoring a low of 109.32 and a high of 109.58 so far in the today’s early session. The news that the U.S. would postpone by 180 days a decision on tariffs on EU and Japan car imports, as well as the noise of a U.S. delegation being assigned to a trip to Beijing to continue trade talks, helped lift market sentiment. USD/JPY is expected to find support at 109.23 and a fall through could take it to the support level of 109.00. On the other side, resistance stands at 109.75, and a rise through could take it to the level of 109.97.

USDJPY_16_05_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.63 108.90 109.17 109.44 109.72 109.98 110.26
WEEKLY 107.77 108.62 109.28 110.13 110.79 111.64 112.30
MONTHLY 109.09 109.95 110.69 111.55 112.29 113.15 113.89

EURUSD

EUR/USD managed to regain buying interest and it has once again regained the 1.1200 neighbourhood, where it is now looking to consolidate. The pair is orbiting around the key 1.1200 handle and against a fragile backdrop following US-China trade concerns, renewed effervescence in the Italian political scenario and ahead of speeches by ECB officials. EUR/USD is expected to find support at 1.1192 and a fall through could take it further to the support level of 1.1176. On the other side, resistance stands at 1.1218, and a rise through could take it to the next resistance level of 1.1232.
EURUSD_16_05_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1137 1.1158 1.1184 1.1204 1.1230 1.1250 1.1276
WEEKLY 1.1084 1.1122 1.1179 1.1217 1.1274 1.1312 1.1369
MONTHLY 1.0896 1.1004 1.1110 1.1218 1.1324 1.1432 1.1538

GBPUSD

GBP/USD have manged a recovery from a three-month low in yesterday’s NA session, as investors expected the UK PM Theresa May’s Brexit plan to get through parliament in its fourth attempt. However, during early-day trading today, GBP has receded further on the downside, ahead of PM May-Tories meeting. GBP/USD is expected to find support at 1.2808 and a fall through could take it to the next support level of 1.2770. On the other side, resistance stands at 1.2866, and a rise through could take it to the next resistance level of 1.2900.
GBPUSD_16_05_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2712 1.2769 1.2807 1.2865 1.2903 1.2961 1.2999
WEEKLY 1.2718 1.2843 1.2922 1.3047 1.3126 1.3251 1.3330
MONTHLY 1.2536 1.2701 1.2868 1.3033 1.3200 1.3365 1.3532

GOLD

Gold created a Doji candle in yesterday’s session, aborting the bullish view put forward by the descending channel breakout on Monday, amid easing trade tensions. Today, Gold prices were flat, holding below the key $1,300 level, eyeing further developments in U.S.-China trade talks. Gold is expected to find support at 1,293.00 and a fall through could take it to the support level of 1,289.95. On the other side, resistance stands at 1,300.00, and a rise through could take it to the level of 1,303.10.
Gold_16_05_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1285.31 1289.48 1293.31 1297.48 1301.31 1305.48 1309.31
WEEKLY 1264.39 1271.27 1278.99 1285.87 1293.59 1300.47 1308.19
MONTHLY 1217.19 1242.62 1263.79 1289.22 1310.39 1335.82 1356.99