USDJPY

USDJPY maintained its bullish trend, after BoJ held its monetary policy unchanged. With resistance laying at 109.5 level, a break above that level could drive the pair towards 109.70 resistance area. On the other side, a break of the 109.1 support level, might indicate a move back towards the 108.9 level.

USDJPY-27-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.71 108.89 109.10 109.28 109.49 109.67 109.88
WEEKLY 106.06 106.46 107.06 107.46 108.06 108.46 109.06
MONTHLY 102.04 103.30 104.79 106.05 107.54 108.80 110.29

EURUSD

Draghi’s comments stood insufficient to produce strong thrust, and driven by stronger dollar on higher US yields, the euro fell lower. Support lies at 1.209 levels, but with euro’s bearish stretch against the US Dollar, the euro might aim at 1.2000 level. On the other side, resistance lies at 1.213 levels, where an uptrend might drive the pair back to the 1.220 area.

EURUSD-27-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1952 1.2024 1.2066 1.2138 1.2180 1.2252 1.2294
WEEKLY 1.2056 1.2153 1.2221 1.2318 1.2386 1.2483 1.2551
MONTHLY 1.1836 1.1995 1.2159 1.2318 1.2482 1.2641 1.2805

GBPUSD

GBPUSD is moving lower ahead the UK first quarter GDP release. A break below the 1.391 support level, could drive the pair to on the lower support level 1.388. On the higher side, a move towards resistance level of 1.3953, could push the pound to test the 1.40 resistance level, against the dollar.

GBPUSD-27-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3773 1.3834 1.3876 1.3937 1.3979 1.4040 1.4082
WEEKLY 1.3488 1.3741 1.3872 1.4125 1.4256 1.4509 1.4640
MONTHLY 1.3205 1.3459 1.3738 1.3992 1.4271 1.4525 1.4804

GOLD

Gold is holding steady on the 1317 levels, against a strong dollar. Support lies at 1315 levels, but with dollar’s bullish trend, a fall through could take it to the next support level of 1310 . On the other side short-term resistance comes in at 1319 level, where a break above here might indicate an uptrend to the 1326 resistance level.

GOLD-27-04-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1316.00 1316.50 1317.40 1317.90 1318.80 1319.30 1320.20
WEEKLY 1308.54 1322.77 1330.54 1344.77 1352.54 1366.77 1374.54
MONTHLY 1250.24 1279.77 1303.54 1333.07 1356.84 1386.37 1410.14