USDJPY

USD/JPY recover a part of the previous session’s downtick, as news of progress in the US-China trade talks dampened Japanese Yen’s safe-haven status and was one of the key factors that helped the pair to regain some positive traction on the last trading day of the week. USD/JPY is expected to find support at 110.54, and a fall through could take it to the support level of 110.40. On the other side, resistance stands at 110.90, and a rise through could take it to the level of 111.08.

USDJPY_22_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.31 110.45 110.58 110.72 110.86 110.99 111.13
WEEKLY 108.29 108.99 109.74 110.44 111.19 111.89 112.64
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

EUR/USD remains within the broad consolidative theme in the second half of the week amidst scarce volatility and cautiousness over the outcome of the US-China trade talks, tracking the generalized lack of direction in the global markets. EUR/USD is expected to find support at 1.1320 and a fall through could take it further to the support level of 1.1302. On the other side, resistance stands at 1.1365, and a rise through could take it to the next resistance level of 1.1390.

EURUSD_22_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1271 1.1296 1.1318 1.1342 1.1364 1.1388 1.1411
WEEKLY 1.1123 1.1178 1.1236 1.1291 1.1349 1.1404 1.1462
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

GBP/USD remains around 1.3040 before London open on Friday, as mixed outcomes from the Brexit and trade deal between the US and China. The pair declined during the last two days on Brexit pessimism, contrast to upbeat sentiment favouring the US-China trade deal. GBP/USD is expected to find support at 1.3010 and a fall through could take it to the next support level of 1.2960. On the other side, resistance stands at 1.3100, and a rise through could take it to the next resistance level of 1.3143.

GBPUSD_22_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2945 1.2985 1.3013 1.3054 1.3082 1.3123 1.3150
WEEKLY 1.2602 1.2687 1.2789 1.2874 1.2976 1.3061 1.3163
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold clings to $1,325 during the initial trading hours of Asia on Friday. The yellow metal dropped nearly $20 on Thursday as the US and China make progress on discussing a trade deal. However, sluggish manufacturing numbers from the US and the EU limited additional declines of the safe-haven. Gold is expected to find support at the level of 1,319.05 and a fall through could take it to 1,314.15 level. On the other side, resistance stands at 1,336.20, and a rise through could take it to the next resistance level of 1,340.75.

GOLD_22_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1331.86 1335.83 1341.86 1345.83 1351.86 1355.83 1361.86
WEEKLY 1288.16 1296.43 1309.26 1317.53 1330.36 1338.63 1351.46
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30