USDJPY

USD/JPY is moving higher back onto the 106 handles recovering from a dip below. Resistance stands at 106.40 and a break above might lead 107.00 area. A clear break below the key support level of 105.65 might lead to short term downtrend towards 105.00 as 104.00 is exposed.

USDJPY-20-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 105.06 105.37 105.69 106.00 106.32 106.63 106.95
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 is currently trading lightly following a push upwards testing the waters around 1.2345 ahead of the European Markets. A breakout above 1.2360 resistance might lead to 1.2400 as 1.2500 is on the horizon A clear break below 1.2260 support area might indicate downside movement towards 1.2200 area.

EURUSD-20-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2176 1.2217 1.2277 1.2318 1.2378 1.2419 1.2479
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 is pushing higher above 1.4000 handle due to the Brexit transition deal. Key resistance holds at 1.4100 level and a break above might target the next resistance area 1. 4200.Support stands at 1.4015 and a clear break below might indicate downside movement towards 1.3900 level.

GBPUSD-20-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3756 1.3835 1.3930 1.4009 1.4104 1.4183 1.4278
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 inched lower on Tuesday as the dollar remained steady with investors expecting the first rate hike this year. Short term support stands at 1308 and a clear break below will target 1300 handle. Resistance stands at 1322 and a clear break that level might lead to upside movement as 1330 is on the horizon.

GOLD-20-03-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1297.40 1302.40 1309.60 1314.60 1321.80 1326.80 1334.00
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