USDJPY

USD/JPY trades around 110.65 ahead of European markets open on Wednesday. The pair remains well passed the seven-week high and follows short-term ascending trend-channel. Resistance stand at 110.70 and a break above might lead to 111.00 level. On the other side support stands at 110.28 and a break below might lead to 110.00 support level

USDJPY_13_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.04 110.19 110.35 110.50 110.65 110.81 110.96
WEEKLY 108.66 109.05 109.39 109.78 110.12 110.51 110.85
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

Euro is trading flat around 1.1330 after jumping off 2019 lows on Tuesday. The focus remains on the trade tensions driven market sentiment and the US core inflation data. Key technical support stands at 1.1250 and 1.1200 levels. Resistance stand at 1.1335 and a break above that level might lead to 1.1400 level.

EURUSD_13_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1196 1.1226 1.1279 1.1310 1.1363 1.1394 1.1447
WEEKLY 1.1130 1.1225 1.1277 1.1372 1.1424 1.1519 1.1571
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

GBP/USD is trading little changed on the upside just above 1.2900 round big figure taking the advantage of a weaker Dollar on Tuesday as the UK inflation is expected to decelerate to 1.9% y/y in January. Support is found at the 1.2835 and 1.2800 levels. If the GBPUSD pair trades above the 1.2940 level, key resistance is found at the 1.300 level.

GBPUSD_13_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2770 1.2802 1.2847 1.2878 1.2923 1.2954 1.2999
WEEKLY 1.2581 1.2717 1.2832 1.2968 1.3083 1.3219 1.3334
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold prices edged up on Wednesday in Asia as traders digested the latest news on Sino-U.S. trade tension and a speech by U.S. Federal Reserve Chairman Jerome Powell. Currently, the pair is expected to find support at 1306.25, and a fall through could take it to the next support level of 1302.00. The pair is expected to find its first resistance at 1315.80, and a rise through could take it to the next resistance level of 1324.00.

GOLD_13_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1301.60 1305.80 1309.90 1314.10 1318.20 1322.40 1326.50
WEEKLY 1291.54 1298.97 1308.74 1316.17 1325.94 1333.37 1343.14
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30