USDJPY

USD/JPY is under pressure at the start of the week, and currently trading around 110.10, having though reached a low of 109.70. Sellers are stepping in as Tokyo gets going with a risk-off tone following last week’s bearish diversion in yields and poor data releases from both Germany and the US. USD/JPY is expected to find support at 109.70, and a fall through could take it to the support level of 109.43. On the other side, resistance stands at 110.55, and a rise through could take it to the level of 110.90.

USDJPY_25_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.47 109.61 109.86 110.00 110.25 110.39 110.63
WEEKLY 107.27 108.51 109.21 110.45 111.25 112.39 113.09
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14

EURUSD

EUR/USD closed well below 1.1312 on Friday, confirming a bearish inside day reversal and was last seen trading at 1.1303, slightly above the 1.13 mark. The shared currency may fall further down on recession fears and Brexit uncertainty. EUR/USD is expected to find support at 1.1270 and a fall through could take it further to the support level of 1.1252. On the other side, resistance stands at 1.1321, and a rise through could take it to the next resistance level of 1.1347.

EURUSD_25_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1254 1.1269 1.1283 1.1299 1.1313 1.1329 1.1343
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 trading around 1.3170, after a volatile last week, driven by developments in Brexit and mixed news out of the US. Amid a lack of data and events, the Fed members’ speeches and second-tier US data, coupled with mounting Brexit anxiety, act as near-term trading catalysts. GBP/USD is expected to find support at 1.3132 and a fall through could take it to the next support level of 1.3104. On the other side, resistance stands at 1.3222, and a rise through could take it to the next resistance level of 1.3257.

GBPUSD_25_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3142 1.3166 1.3186 1.3210 1.3230 1.3254 1.3274
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 prices are trading a bit under $1316 during early Monday, as the yellow metal recently benefited as global markets turned risk-off moves on sluggish data from the US that flashed a sign of recession for the world’s largest economy. Gold is expected to find support at the level of 1,310.50 and a fall through could take it to 1,306.25 level. On the other side, resistance stands at 1,319.20, and a rise through could take it to 1,323.50 level.
Gold_25_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1314.59 1316.12 1316.94 1318.47 1319.29 1320.82 1321.64
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