USDJPY

USD/JPY is currently trading at 109.77, having clocked a low of 109.51 earlier today, with the dip below the 5-day moving average of 109.58 being short-lived despite better-than-expected inflation numbers. USD/JPY is expected to find support at 109.34, and a fall through could take it to the support level of 109.05. On the other side, resistance stands at 109.97, and a rise through could take it to the level of 110.34.

USDJPYH_25_01_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.04 109.23 109.42 109.61 109.79 110.98 110.17
WEEKLY 106.64 107.31 108.55 109.22 110.46 111.13 112.37
MONTHLY 103.83 106.69 108.14 111.00 112.45 115.31 116.76

EURUSD

EUR/USD regained some ground after recording fresh 2019 lows on Thursday, currently trading at 1.1325. The Euro came under pressure following the dovish message from President Draghi at the ECB event on Thursday. EUR/USD is expected to find support at 1.1305 and a fall through could take it further to the support level of 1.1270. On the other side, resistance stands at 1.1356, and a rise through could take it to the next resistance level of 1.1377.

EURUSDH_25_01_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1167 1.1228 1.1270 1.1331 1.1374 1.1434 1.1477
WEEKLY 1.1172 1.1262 1.1313 1.1403 1.1454 1.1544 1.1595
MONTHLY 1.1111 1.1189 1.1330 1.1408 1.1549 1.1627 1.1768

GBPUSD

GBP/USD remained close to the 1.31 handle, currently trading at 1.3098 as we head towards the early European trading. Reports of DUP backing UK PM May and improved risk tones boost the Pound. GBP/USD is expected to find support at 1.3030 and a fall through could take it to the next support level of 1.2981. On the other side, resistance stands at 1.3155, and a rise through could take it to the next resistance level of 1.3178.

GBPUSDH_25_01_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2929 1.2970 1.3045 1.3086 1.3161 1.3202 1.3277
WEEKLY 1.2364 1.2517 1.2696 1.2849 1.3028 1.3181 1.3360
MONTHLY 1.2179 1.2328 1.2543 1.2692 1.2907 1.3056 1.3271

GOLD

Gold is currently trading at 1,284.25 with prices inching up on Friday as traders await the upcoming Sino-U.S. trade talks scheduled for next week. Gold is expected to find support at the level of 1,280.20 and a fall through could take it to 1,273.60 level. On the other side, resistance stands at 1,291.40, and a rise through could take it to the next resistance level of 1,296.63.

GOLD_25_01_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1266.84 1271.07 1275.44 1279.67 1284.04 1288.27 1292.64
WEEKLY 1259.76 1269.93 1276.26 1286.43 1292.76 1302.93 1309.26
MONTHLY 1183.20 1204.90 1243.10 1264.80 1303.00 1324.70 1362.90