USDJPY

USD/JPY have returned on the downside once again, as renewed uncertainty over US-China trade talks prompted some fresh selling. USD/JPY is expected to find support at 110.53, and a fall through could take it to the support level of 110.34. On the other side, resistance stands at 110.88, and a rise through could take it to the level of 111.06.

USDJPY_28_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.73 110.05 110.46 110.77 111.18 111.49 111.91
WEEKLY 108.29 108.99 109.74 110.44 111.19 111.89 111.64
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

EUR/USD keeps the consolidative theme unchanged in the second half of the week, with EUR/USD hovering over the 1.1375/80 band for the time being. EUR/USD is expected to find support at 1.1355 and a fall through could take it further to the support level of 1.1334. On the other side, resistance stands at 1.1391, and a rise through could take it to the next resistance level of 1.1403.

EURUSD_28_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1318 1.1340 1.1360 1.1382 1.1402 1.1424 1.1444
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

GBP/USD is near 1.3300 while heading towards London open on Thursday. The pair failed to hold seven-month high marked on Wednesday as early-day strength of the USD triggered its pullback. GBP/USD is expected to find support at 1.3231 and a fall through could take it to the next support level of 1.3200. On the other side, resistance stands at 1.3335, and a rise through could take it to the next resistance level of 1.3366.

GBPUSD_28_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3135 1.3184 1.3251 1.3300 1.3367 1.3416 1.3483
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 broke out of its Asian session consolidation phase and is currently placed at the top end of its daily trading range, above the mid $1,322 level, as the US-China trade uncertainty/risk-off mood further underpin safe-haven demand. Gold is expected to find support at the level of 1,317.08 and a fall through could take it to 1,309.06 level. On the other side, resistance stands at 1,327.53, and a rise through could take it to the next resistance level of 1,334.95.

GOLD_28_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1302.14 1310.27 1315.74 1323.87 1329.34 1337.47 1342.94
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