USDJPY

USD/JPY is holding steady near yesterday’s high, trading around 106.60. Resistance holds at 106.65 area and a break above might lead to 107.0 area. Short term support stands at 106.30 and a break below might lead to 106.00 area.

USDJPY-04-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 104.89 105.29 105.86 106.26 106.83 107.23 107.80
WEEKLY 102.42 103.49 104.89 105.96 107.36 108.43 109.83
MONTHLY 102.04 103.30 104.79 106.05 107.54 108.80 110.29

EURUSD

EUR/USD is trading flat at around 1.2270 level ahead of the Eurozone inflation. A clear break below 1.2255 support area might indicate downside movement towards 1.2200 area. Breakout above 1.2345 might lead to 1.2400 as 1.2500 is on the horizon.

EURUSD-04-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2160 1.2207 1.2242 1.2289 1.2324 1.2371 1.2406
WEEKLY 1.2051 1.2167 1.2245 1.2361 1.2439 1.2555 1.2633
MONTHLY 1.1836 1.1995 1.2159 1.2318 1.2482 1.2641 1.2805

GBPUSD

GBP/USD is catching some lift ahead of the European session, reaching earlier highs of 1.0496. Short term support holds at 1.4050 and a clear break below might indicate downside movement towards 1.4000 level. Resistance stands at 1.4080 and a break above might target the next resistance area at 1.4100.

GBPUSD-04-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3963 1.3992 1.4031 1.4060 1.4099 1.4128 1.4167
WEEKLY 1.3699 1.3854 1.3936 1.4091 1.4173 1.4328 1.4410
MONTHLY 1.3205 1.3459 1.3738 1.3992 1.4271 1.4525 1.4804

GOLD

Gold prices have slightly recovered in earlier trading session as dollar weakened after the U.S. slapped tariffs on $50 billion worth imports from China. Support stands at 1328 and a clear break below will target 1322 handle. Resistance stands at 1345 and a clear break above that level might lead to upside movement to the next level of 1355.

GOLD-04-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1316.96 1324.83 1330.86 1338.73 1344.76 1352.63 1358.66
WEEKLY 1275.64 1298.67 1310.74 1333.77 1345.84 1368.87 1380.94
MONTHLY 1245.46 1274.53 1298.66 1327.73 1351.86 1380.93 1405.06