USDJPY

The USD/JPY pair failed to take out the resistance at 110.04, with the pair currently trading at 109.65 levels. USD/JPY is expected to find support at 109.56, and a fall through could take it to the next support level of 109.45. On the other side resistance stands at 109.83, and a rise through could take it to the next resistance level of 109.98.

USDJPYH-03-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.18 109.39 109.61 109.82 110.04 110.25 110.47
WEEKLY 106.09 106.88 107.96 108.75 109.83 110.62 111.70
MONTHLY 102.04 103.30 104.79 106.05 107.54 108.80 110.29

EURUSD

After Fed’s noise, the market run back to the greenback possibly due to the Fed’s positivity about future inflation, with EUR/USD moving as low as 1.1938. EUR/USD is expected to find support at 1.1948, and a fall through could take it to the next support level of 1.1916. On the other side resistance stands at 1.2013, and a rise through could take it to the next resistance level of 1.2054.

EURUSDH-03-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1822 1.1880 1.1916 1.1974 1.2010 1.2068 1.2104
WEEKLY 1.1794 1.1925 1.2028 1.2159 1.2262 1.2393 1.2496
MONTHLY 1.1836 1.1995 1.2159 1.2318 1.2482 1.2641 1.2805

GBPUSD

Having dropped more than 800 pips in the last two weeks, the GBP/USD, looks oversold, but a corrective rally is possible. The pair currently trading at 1.3597, is expected to find support at 1.3551, and a fall through could take it to the next support level of 1.3524. On the other side resistance stands at 1.3666, and a rise through could take it to the next resistance level of 1.3710.

GBPUSDH-03-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3420 1.3488 1.3530 1.3598 1.3640 1.3708 1.3750
WEEKLY 1.3392 1.3570 1.3675 1.3853 1.3958 1.4136 1.4241
MONTHLY 1.3205 1.3459 1.3738 1.3992 1.4271 1.4525 1.4804

GOLD

Gold – currently trading at $1309, could gain altitude if the US-China trade talks stumble, leading to a trade dispute and a wave of risk aversion in the global equities. Gold is expected to find support at 1303.40, and a fall through could take it to the next support level of 1299.80. On the other side resistance stands at 1313.60, and a rise through could take it to the next resistance level of 1319.50.

GOLDH-03-05-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1298.16 1300.93 1303.76 1306.53 1309.36 1312.13 1314.96
WEEKLY 1297.56 1306.93 1315.66 1325.03 1333.76 1343.13 1351.86
MONTHLY 1250.24 1279.77 1303.54 1333.07 1356.84 1386.37 1410.14