​​

USDJPY

The USDJPY pair trades little changed around 110.65 heading towards European session on Monday. The pair initially rose to 110.85 on optimism surrounding the US-China trade deal before declining to 110.60 as risk-on moderated afterward. Repeated failures to slide under 110.55 signal brighter chances for the pair’s pullback to 110.80 but an immediate downward sloping resistance-line at 110.90 can challenge buyers targeting 111.15. Meanwhile, a downside break of 110.55 can reprint 110.30 and 110.00 as new levels of support.

USDJPY_25_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.50 110.56 110.67 110.73 110.84 110.90 111.00
WEEKLY 109.85 110.12 110.41 110.68 110.97 111.24 111.53
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

EURUSD outlook remains higher on more strength as it eyes price extension. Support comes in at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1.1400 level with a break through here opening the door for further upside towards the 1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level.

EURUSD_25_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1304 1.1315 1.1328 1.1339 1.1353 1.1363 1.1377
WEEKLY 1.1188 1.1232 1.1287 1.1331 1.1386 1.1430 1.1485
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

The British Pound found a strong buying interest near the 1.2780 and 1.2800 levels against the US Dollar. The GBPUSD pair started a strong upward move and broke the 1.2850, 1.2940 and 1.3000 resistance levels. The upward move was strong as the pair even broke the 1.3050 resistance and the 50 hourly simple moving average. On the downside, key support is seen at 1.2980 area.

GBPUSD_25_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3005 1.3023 1.3044 1.3062 1.3084 1.3101 1.3123
WEEKLY 1.2707 1.2799 1.2926 1.3018 1.3145 1.3237 1.3364
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

GOLD rejects higher prices and looks to weaken further lower in the new week. On the downside, support comes in at the 1,320.00 level where a break will turn attention to the 1,310.00 level. Further down, a cut through here will open the door for a move lower towards the 1,300.00 level. Conversely, resistance resides at the 1,340.00 level where a break will aim at the 1,350.00 level. A turn above there will expose the 1,360.00 level. All in all, GOLD looks to move further higher.

GOLD_25_02_2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1326.36 1327.88 1328.96 1330.48 1331.56 1333.08 1334.16
WEEKLY 1294.30 1308.80 1320.80 1335.30 1347.30 1361.80 1373.80
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30