USDJPY

USD/JPY held on to its mildly positive tone through the early European session, albeit seemed lacking any strong follow-through momentum. The Yen had been weighed down by the possibility of further BoJ policy easing, but the flat US Dollar price action failed to provide any additional boost. USD/JPY is expected to find support at 110.48, and a fall through could take it to the support level of 110.24. On the other side, resistance stands at 110.96, and a rise through could take it to the level of 111.22.

USDJPY_19_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.29 110.38 110.49 110.58 110.70 110.78 110.90
WEEKLY 108.29 108.99 109.74 110.44 111.19 111.89 112.64
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

USD/JPY held on to its mildly positive tone through the early European session, albeit seemed lacking any strong follow-through momentum. The Yen had been weighed down by the possibility of further BoJ policy easing, but the flat US Dollar price action failed to provide any additional boost. USD/JPY is expected to find support at 110.48, and a fall through could take it to the support level of 110.24. On the other side, resistance stands at 110.96, and a rise through could take it to the level of 111.22.

EURUSD_19_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1253 1.1274 1.1293 1.1314 1.1334 1.1354 1.1374
WEEKLY 1.1123 1.1178 1.1236 1.1291 1.1349 1.1404 1.1462
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

GBP/USD retreated from earlier tops, after UK jobs data, currently trading at 1.2920. The British Pound came under some selling pressure after the monthly report on the UK labour market came in below expectations in December/January. GBP/USD is expected to find support at 1.2885 and a fall through could take it to the next support level of 1.2844. On the other side, resistance stands at 1.2950, and a rise through could take it to the next resistance level of 1.2977.

GBPUSD_19_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2850 1.2871 1.2897 1.2918 1.2944 1.2965 1.2991
WEEKLY 1.2602 1.2687 1.2789 1.2874 1.2976 1.3061 1.3163
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold rose to a near-10 month high of $1,330.00 this Tuesday, as the US dollar failed to preserve early gains and helped provide a fresh boost. The market focus remains on US-China trade talks and FOMC meeting minutes this Wednesday. Gold is expected to find support at the level of 1,322.75 and a fall through could take it to 1,314.20 level. On the other side, resistance stands at 1,335.11, and a rise through could take it to the next resistance level of 1,342.84.

GOLD_19_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1318.79 1321.42 1325.49 1328.12 1332.19 1334.82 1338.89
WEEKLY 1288.16 1296.43 1309.26 1317.53 1330.36 1338.63 1351.46
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30