USDJPY

USDJPY is continuing to grind lower, trading into the 104.80 level heading into the European markets. A clear break below the key support level of 104.60 might lead to short term downtrend towards 105.00 as 104.00 is exposed. Resistance holds at 105.00 area l and a break above might lead to 106.00 handle.

USDJPY-23-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 103.09 103.87 104.41 105.19 105.73 106.51 107.05
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 advancing due to the selling pressure on greenback to the upper end of the daily range in the 1.2345/50 band. A breakout above 1.2350 resistance might lead to 1.2400 as 1.2500 is on the horizon A clear break below 1.2300 support area might indicate downside movement towards 1.2200 area.

EURUSD-23-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2176 1.2231 1.2278 1.2333 1.2380 1.2435 1.2482
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 retreated around 20-25 pips from session tops and has now slipped back to the lower end of its daily trading range, around the 1.4100 handle. Key resistance holds at 1.4180 and a break above might target the next resistance area 1. 4200.Support stands at 1.4090 and a clear break below might indicate downside movement towards 1.4000 level.

GBPUSD-23-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3914 1.3995 1.4054 1.4135 1.4194 1.4275 1.4334
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-23-03-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1316.30 1320.50 1326.60 1330.80 1336.90 1341.10 1347.20
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