USDJPY

USD/JPY pair extended its post-FOMC retracement slide and dropped to fresh weekly lows and currently trading around 105.85-90 band. A clear break below the key support level of 105.60 might lead to short term downtrend towards 105.00 as 104.00 is exposed. Resistance holds at 106 area l and a break above might lead to 107.00 handle.

USDJPY-22-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 104.90 105.39 105.66 106.15 106.42 106.91 107.18
WEEKLY 103.61 104.61 105.31 106.31 107.01 108.01 108.71
MONTHLY 99.71 102.62 104.65 107.56 109.59 112.50 114.53

EURUSD

EUR/USD was lifted following the dollar softness after the Fed rate hike reaching 1.2370. A breakout above 1.2370 resistance might lead to 1.2400 as 1.2500 is on the horizon A clear break below 1.2240 support area might indicate downside movement towards 1.2200 area.

EURUSD-22-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2177 1.2212 1.2279 1.2314 1.2381 1.2416 1.2483
WEEKLY 1.2075 1.2168 1.2228 1.2321 1.2381 1.2474 1.2534
MONTHLY 1.1702 1.1945 1.2070 1.2313 1.2438 1.2681 1.2806

GBPUSD

GBP/USD pair clocked a seven-week high of 1.4180 triggered by the hawkish UK news. Key resistance holds at 1.4180 and a break above might target the next resistance area 1. 4200.Support stands at 1.4125 and a clear break below might indicate downside movement towards 1.4100 level.

GBPUSD-22-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3898 1.3950 1.4047 1.4099 1.4196 1.4248 1.4345
WEEKLY 1.3696 1.3768 1.3854 1.3926 1.4012 1.4084 1.4170
MONTHLY 1.3062 1.3406 1.3584 1.3931 1.4106 1.4453 1.4628

GOLD

Gold prices edged higher as the dollar continued to lose ground, hours after the U.S. Federal Reserve moved to raise interest rates and China followed suit. Short term support stands at 1327 and a clear break below will target 1315 handle. Resistance stands at 1335 and a clear break that level might lead to upside movement as 1345 is on the horizon.

GOLD-22-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1288.04 1298.77 1315.44 1326.17 1342.84 1353.57 1370.24
WEEKLY 1283.36 1296.43 1304.36 1317.43 1325.36 1338.43 1346.36
MONTHLY 1241.06 1275.03 1296.46 1330.43 1351.80 1385.83 1407.26