USDJPY

USD/JPY pair caught some fresh bids on Tuesday, albeit bulls still await a sustained break through the 112.00 round figure mark, as the US Dollar continues to find support from the recent uptick in the US bond yields. USD/JPY is expected to find support at 111.67, and a fall through could take it to the support level of 111.35. On the other side, resistance stands at 112.18, and a rise through could take it to the level of 112.40.

USDJPY_05_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.23 111.44 111.61 111.81 111.98 112.18 112.35
WEEKLY 109.10 109.73 110.82 111.45 112.54 113.17 114.26
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14

EURUSD

EUR/USD remained under pressure and reached as low as 1.1315 in the early European session amidst the continuation of the recovery in the US Dollar. EUR/USD is expected to find support at 1.1300 and a fall through could take it further to the support level of 1.1281. On the other side, resistance stands at 1.1351, and a rise through could take it to the next resistance level of 1.1367.

EURUSD_05_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1238 1.1274 1.1305 1.1340 1.1371 1.1406 1.1437
WEEKLY 1.1228 1.1276 1.1326 1.1374 1.1424 1.1472 1.1522
MONTHLY 1.0982 1.1107 1.1239 1.1364 1.1496 1.1621 1.1753

GBPUSD

GBP/USD stretched its previous downward trajectory to a week’s low near 1.3150 while into European session on Tuesday. The pair couldn’t withstand the USD’s across the board strength. GBP/USD is expected to find support at 1.3124 and a fall through could take it to the next support level of 1.3107. On the other side, resistance stands at 1.3235, and a rise through could take it to the next resistance level of 1.3272.

GBPUSD_05_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3057 1.3112 1.3145 1.3200 1.3233 1.3288 1.3322
WEEKLY 1.2737 1.2889 1.3047 1.3199 1.3357 1.3509 1.3667
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065

GOLD

Gold extended its bearish consolidative price action on Tuesday and remained within striking distance of near six-week lows, as the US Dollar buying interest continues to exert some downward pressure. Gold is expected to find support at the level of 1,279.95 and a fall through could take it to 1,275.04 level. On the other side, resistance stands at 1,296.82, and a rise through could take it to the next resistance level of 1,308.90.

GOLD_05_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1267.20 1275.50 1281.50 1289.80 1295.80 1304.10 1310.10
WEEKLY 1238.44 1264.87 1282.04 1308.47 1325.64 1352.07 1369.24
MONTHLY 1252.16 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46