USDJPY

USD/JPY is testing the resistance level of 107.00. A break above that level might indicate a bullish trend, reversal heading towards 108.00 area, if the stock markets in Europe and US remain score gains. Short term support stands at 106.70 and a break below might lead to 106.00 area.

USDJPY-05-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 104.89 105.29 105.86 106.26 106.83 107.23 107.80
WEEKLY 102.42 103.49 104.89 105.96 107.36 108.43 109.83
MONTHLY 102.04 103.30 104.79 106.05 107.54 108.80 110.29

EURUSD

EUR/USD remains under pressure within a tight range heading toward the lows of the range 1.2250, ahead of the opening bell in Euroland. A clear break below 1.2255 support area might indicate downside movement towards 1.2200 area. On the other side a breakout above 1.2345 might lead to 1.2400 as 1.2500 is on the horizon.

EURUSD-05-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2160 1.2207 1.2242 1.2289 1.2324 1.2371 1.2406
WEEKLY 1.2051 1.2167 1.2245 1.2361 1.2439 1.2555 1.2633
MONTHLY 1.1836 1.1995 1.2159 1.2318 1.2482 1.2641 1.2805

GBPUSD

GBP/ is continuing to sink, touching into the 1.4060 area heading into the European markets. Short term support holds at 1.4000 and a clear break below might indicate downside movement towards 1.4000 level. Resistance stands at 1.4080 and a break above might target the next resistance area at 1.4100.

GBPUSD-05-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3963 1.3992 1.4031 1.4060 1.4099 1.4128 1.4167
WEEKLY 1.3699 1.3854 1.3936 1.4091 1.4173 1.4328 1.4410
MONTHLY 1.3205 1.3459 1.3738 1.3992 1.4271 1.4525 1.4804

GOLD

Gold slumped in Asia trading, retracing back to 1,330.00 handle and maintaining the bearish momentum that rolled over from Wednesday’s action. Support stands at 1322 and a clear break below will target 1315 handle. Resistance stands at 1350 and a clear break above that level might lead to upside movement to the next level of 1355.

GOLD-05-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1316.96 1324.83 1330.86 1338.73 1344.76 1352.63 1358.66
WEEKLY 1275.64 1298.67 1310.74 1333.77 1345.84 1368.87 1380.94
MONTHLY 1245.46 1274.53 1298.66 1327.73 1351.86 1380.93 1405.06