USDJPY

USD/JPY built on the overnight up-move and climbed to over six-week tops, further beyond mid-110.00s on Tuesday. Despite increasing chances of another partial US government shutdown, the US Dollar stood tall near 2019 high and was one of the key factors driving the pair higher for the second consecutive session. USD/JPY is expected to find support at 110.34, and a fall through could take it to the support level of 109.92. On the other side, resistance stands at 110.80, and a rise through could take it to the level of 111.00.

USDJPY_12_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.25 109.52 109.95 110.21 110.64 110.90 111.34
WEEKLY 108.66 109.05 109.39 109.78 110.12 110.51 110.85
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

EUR/USD continues the downside momentum as the dollar recovers back some ground on the day. The pair hit a 3-month low near 1.1260 and is possible sellers to push the price lower. EUR/USD is expected to find support at 1.1249 and a fall through could take it further to the support level of 1.1215. On the other side, resistance stands at 1.1313, and a rise through could take it to the next resistance level of 1.1350.

EURUSD_12_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1190 1.1228 1.1254 1.1292 1.1318 1.1356 1.1382
WEEKLY 1.1130 1.1225 1.1277 1.1372 1.1424 1.1519 1.1571
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

GBP/USD is dropping further during the European session as the greenback extended its rally across the board. The pound bottomed nearly at 1.2830, hitting a 3-week low, ahead of Bank of England Governor Mark Carney’s speech scheduled at 13:00 GMT. GBP/USD is expected to find support at 1.2822 and a fall through could take it to the next support level of 1.2800. On the other side, resistance stands at 1.2923, and a rise through could take it to the next resistance level of 1.2952.

GBPUSD_12_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2733 1.2790 1.2827 1.2883 1.2920 1.2976 1.3013
WEEKLY 1.2581 1.2717 1.2832 1.2968 1.3083 1.3219 1.3334
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold regained some positive traction on Tuesday and built on the overnight bounce from ascending trend-line support, against the U.S. dollar despite the latter remaining to 2019 highs. Gold is expected to find support at the level of 1,307.00 and a fall through could take it to 1,304.50 level. On the other side, resistance stands at 1,314.50, and a rise through could take it to the next resistance level of 1,318.54.

GOLD_12_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1294.84 1300.97 1306.44 1312.57 1318.04 1324.17 1329.64
WEEKLY 1291.54 1298.97 1308.74 1316.17 1325.94 1333.37 1343.14
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30