USDJPY

USD/JPY regained some positive traction on Tuesday, albeit continued with its struggle to build on the momentum further beyond the 110.25 region. Improving risk-sentiment undermined JPY’s safe-haven but the US Dollar remains depressed and fails to provide any meaningful bullish stimulus. USD/JPY is expected to find support at 109.90, and a fall through could take it to the support level of 109.70. On the other side, resistance stands at 110.48, and a rise through could take it to the level of 110.81.

USDJPY-26-03-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.24 109.48 109.77 110.01 110.31 110.54 110.84
WEEKLY 107.27 108.51 109.21 110.45 111.15 112.39 113.09
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14

EURUSD

EURUSD remains under pressure and the risk is still to the downside as prices continue to drift lower from last week’s high of 1.1450. Stock markets are recovering after the downfalls seen in previous days and any upwards move looks like a natural correction rather than a fundamental shift. EUR/USD is expected to find support at 1.1290 and a fall through could take it further to the support level of 1.1272. On the other side, resistance stands at 1.1325, and a rise through could take it to the next resistance level of 1.1344. 

EURUSD-26-03-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1249 1.1269 1.1292 1.1312 1.1334 1.1355 1.1377
WEEKLY 1.1064 1.1168 1.1241 1.1345 1.1418 1.1522 1.1595
MONTHLY 1.0982 1.1107 1.1239 1.1364 1.1496 1.1621 1.1753

GBPUSD

GBP/USD is drifting lower from the early session highs of 1.3222 and passed below the 1.32 mark over Brexit uncertainty. The pair struggles between the British lawmakers’ inability to provide clarity over Brexit and recent weakness of the US Dollar. GBP/USD is expected to find support at 1.3143 and a fall through could take it to the next support level of 1.3110. On the other side, resistance stands at 1.3230, and a rise through could take it to the next resistance level of 1.3259.

GBPUSD-26-03-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3080 1.3120 1.3166 1.3206 1.3252 1.3292 1.3338
WEEKLY 1.2734 1.2870 1.3041 1.3177 1.3348 1.3484 1.3655
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065

GOLD

Gold is currently at $1317.00, trading lower after hitting a one-month high on Monday, as stock markets and other risky assets recovered from a tumble on Monday. Gold is expected to find support at the level of 1,311.60 and a fall through could take it to 1,307.20 level. On the other side, resistance stands at 1,322.70, and a rise through could take it to the next resistance level of 1,327.20.

Gold-26-03-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1300.06 1305.33 1313.96 1319.23 1327.86 1333.13 1341.76
WEEKLY 1277.94 1287.97 1300.14 1310.17 1322.34 1332.37 1344.54
MONTHLY 1252.16 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46