USDJPY

USD/JPY is currently trading in the red at 110.69, having hit a high and low of 110.86 and 110.59 respectively earlier today. Looking ahead, the yen may come under pressure if the equities pick up a strong bid as the major Asian indices are trading mixed. USD/JPY is expected to find support at 110.55, and a fall through could take it to the support level of 110.26. On the other side, resistance stands at 111.00, and a rise through could take it to the level of 111.22.

USDJPY_21_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.20 110.39 110.57 110.76 110.95 111.14 111.32
WEEKLY 108.29 108.99 109.74 110.44 111.19 111.89 112.64
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

EUR/USD seems to have found some strong resistance close to the weekly peaks in the 1.1360/70 area, in the European morning, following yesterday’s FOMC minutes. EUR/USD is expected to find support at 1.1315 and a fall through could take it further to the support level of 1.1292. On the other side, resistance stands at 1.1370, and a rise through could take it to the next resistance level of 1.1393.

EURUSD_21_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1275 1.1300 1.1324 1.1348 1.1372 1.1396 1.1420
WEEKLY 1.1123 1.1178 1.1236 1.1291 1.1349 1.1404 1.1462
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

GBP/USD drifted lower on negative news for the Brexit and welcome FOMC minutes and struggles around 1.3073. Developments surrounding Brexit and upcoming monthly prints of the US durable goods orders and manufacturing indices will be closely observed for fresh impulse. GBP/USD is expected to find support at 1.3010 and a fall through could take it to the next support level of 1.2960. On the other side, resistance stands at 1.3130, and a rise through could take it to the next resistance level of 1.3153.

GBPUSD_21_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2903 1.2957 1.3000 1.3055 1.3098 1.3153 1.3195
WEEKLY 1.2602 1.2687 1.2789 1.2874 1.2976 1.3061 1.3163
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold retracts farther from 10-month tops, slides to session lows near the mid $1,333 level. The latest FOMC meeting minutes provided a lift to the USD and prompts some profit-taking, but uncertainty over US-China trade talks supports safe-haven demand and helped limit downfall. Gold is expected to find support at the level of 1,327.20 and a fall through could take it to 1,320.75 level. On the other side, resistance stands at 1,346.60, and a rise through could take it to the next resistance level of 1,351.85.

GOLD_21_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1331.86 1335.83 1341.86 1345.83 1351.86 1355.83 1361.86
WEEKLY 1288.16 1296.43 1309.26 1317.53 1330.36 1338.63 1351.46
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30