USDJPY

Immediate support is pegged near the 109.15-10 region, below which the pair is likely to slide further below the 109.00 handle towards testing its next support near the 108.75-70 region. On the flip side, the 109.60 horizontal level now seems to act as an immediate resistance, which if cleared might assist the pair to make a fresh attempt towards conquering the 110.00 handle.

USDJPYH-28-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.16 109.28 109.35 109.47 109.55 109.66 109.74
WEEKLY 108.26 108.70 109.12 109.56 109.98 110.42 110.84
MONTHLY 103.83 106.69 108.14 111.00 112.45 115.31 116.76

EURUSD

This past week, the Euro was under a lot of pressure as it declined below the 1.1420 support level against the US Dollar. The pair recovery threats remain with eyes on 1.1489 zone as the pair rallied strongly on Friday to close higher. Support comes in at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will target the 1.1250 level. On the upside, resistance resides at 1.1450 level with a break through the opening the door for further upside towards the 1.1500 level. All in all, EURUSD continues to threaten further upside pressure.

EURUSDH-28-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1388 1.1394 1.1403 1.1409 1.1418 1.1424 1.1433
WEEKLY 1.1196 1.1242 1.1329 1.1375 1.1462 1.1508 1.1595
MONTHLY 1.1111 1.1189 1.1330 1.1408 1.1549 1.1627 1.1768

GBPUSD

The British Pound started a major uptrend from well below the 1.2800 pivot level against the US Dollar. The GBPUSD pair traded higher and broke the 1.3000 and 1.3100 resistance levels to move into a bullish zone. The recent rise was sold as the pair broke the 1.3150 and 1.3200 resistance levels. Conversely, there are many supports on the downside near the 1.3175 and 1.3150 levels. Moreover, the broken channel resistance may now act as a solid support near 1.3160.

GBPUSDH-28-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3134 1.3152 1.3180 1.3197 1.3225 1.3242 1.3270
WEEKLY 1.2562 1.2696 1.2950 1.3084 1.3338 1.3472 1.3726
MONTHLY 1.2179 1.2328 1.2543 1.2692 1.2907 1.3056 1.3271

GOLD

GOLD faces further bull pressure towards region 1,309.29 following its strong rally on Friday. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Conversely, resistance resides at the 1,307.00 level where a break will aim at the 1,320.00 level. A turn above there will expose the 1,330.00 level. Further out, resistance stands at the 1,340.00 level. All in all, GOLD looks to move further higher on correction.

GOLD-28-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1294.99 1297.12 1298.24 1300.37 1301.49 1303.62 1304.74
WEEKLY 1253.04 1264.17 1281.14 1292.27 1309.24 1320.37 1337.34
MONTHLY 1183.20 1204.90 1243.10 1264.80 1303.00 1324.70 1362.90