USDJPY

USD/JPY pair held on to its positive tone for the fourth consecutive session and is currently trading around 109.35-45 region. USD/JPY is expected to find support at 108.65, and a fall through could take it to the support level of 108.00. On the other side, resistance stands at 109.45, and a rise through could take it to the level of 110.00

USDJPY-18-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.06 108.38 108.77 109.08 109.47 109.78 110.17
WEEKLY 106.53 107.15 107.85 108.47 109.17 109.79 110.49
MONTHLY 103.83 106.69 108.14 111.00 112.45 115.31 116.76

EURUSD

EUR/USD is trading little changed at around 1.1400 for the third day in a row as the slowdown in the Eurozone economy is expectedly forcing the European Central Bank (ECB) to delay rate hikes forecast for the third quarter this year. EUR/USD is expected to find support at 1.1360 and a fall through could take it further to the support level of 1.1335. On the other side, resistance stands at 1.1416, and a rise through could take it to the next resistance level of 1.1442. 

EURUSD-18-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1336 1.1353 1.1372 1.1390 1.1409 1.1427 1.1446
WEEKLY 1.1204 1.1298 1.1384 1.1478 1.1564 1.1658 1.1744
MONTHLY 1.1111 1.1189 1.1330 1.1408 1.1549 1.1627 1.1768

GBPUSD

GBP/USD trading little changed on the downside at around mid-1.2975s, approaching key technical 1.3000 ahead of the UK December retail sales. GBP/USD is expected to find support at 1.2900 and a fall through could take it to the next support level of 1.2835. On the other side, resistance stands at 1.3000, and a rise through could take it to the next resistance level of 1.3075.

GBPUSD-18-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2710 1.2772 1.2878 1.2940 1.3047 1.3108 1.3215
WEEKLY 1.2582 1.2644 1.2743 1.2805 1.2904 1.2966 1.3065
MONTHLY 1.2179 1.2328 1.2543 1.2692 1.2907 1.3056 1.3271

GOLD

Gold prices traded slightly lower in Asia after a report that the U.S. is considering easing tariffs on Chinese products improved sentiment toward risk assets and hit demand for safe havens. Gold is expected to find support at the level of 1,288.55 and a fall through could take it to 1,286.00 level. On the other side, resistance stands at 1,295.80, and a rise through could take it to the next resistance level of 1,298.50.

Gold-18-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1281.95 1285.15 1288.55 1291.75 1295.15 1298.35 1301.75
WEEKLY 1262.66 1271.43 1280.46 1289.23 1298.26 1307.03 1316.06
MONTHLY 1183.20 1204.90 1243.10 1264.80 1303.00 1324.70 1362.90