USDJPY

USD/JPY reversed an early dip to 111.25 area and spiked to fresh weekly tops during the Asian session, although retreated few pips thereafter. Despite a quiet action around the US Treasury bond yields, some bearish pressure eased from the US Dollar and helped the pair to regain some positive traction. USD/JPY is expected to find support at 111.36, and a fall through could take it to the support level of 111.19. On the other side, resistance stands at 111.65, and a rise through could take it to the level of 111.83.
USDJPY_20_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.89 111.02 111.22 111.35 111.55 111.68 111.87
WEEKLY 109.90 110.39 110.93 111.42 111.96 112.45 112.99
MONTHLY 106.80 107.76 109.58 110.54 112.36 113.32 115.14

EURUSD

EUR/USD have failed to surpass the strong resistance around 1.1360 and returned to the 1.1350/40 band. Market participants are focusing on the broad risk-appetite trends, USD-dynamics and the FOMC meeting later today as the main drivers of the price action. EUR/USD is expected to find support at 1.1328 and a fall through could take it further to the support level of 1.1314. On the other side, resistance stands at 1.1357, and a rise through could take it to the next resistance level of 1.1372.
EURUSD_20_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1308 1.1321 1.1337 1.1350 1.1366 1.1379 1.1395
WEEKLY 1.1124 1.1172 1.1249 1.1297 1.1374 1.1422 1.1499
MONTHLY 1.0982 1.1107 1.1239 1.1364 1.1496 1.1621 1.1753

GBPUSD

GBP/USD have scored the intra-day low of 1.3221 in the early European session on Wednesday as the US Dollar registered gains across the board ahead of the Fed meeting whereas Brexit headlines kept pressure on the British Pound. GBP/USD is expected to find support at 1.3178 and a fall through could take it to the next support level of 1.3158. On the other side, resistance stands at 1.3280, and a rise through could take it to the next resistance level of 1.3310.
GBPUSD_20_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3167 1.3204 1.3236 1.3274 1.3306 1.3344 1.3375
WEEKLY 1.2595 1.2772 1.3031 1.3208 1.3467 1.3644 1.3903
MONTHLY 1.2328 1.2550 1.2907 1.3129 1.3486 1.3708 1.4065

GOLD

Gold failed to capitalize on the overnight positive move and once again faced rejection – for the second time in the past one week. Gold remains deadlocked close to $1,300 mark, as traders await the Federal Reserve’s latest monetary policy statement later in the day. Gold is expected to find support at the level of 1,298.55 and a fall through could take it to 1,294.80 level. On the other side, resistance stands at 1,306.20, and a rise thr0ough could take it to the next resistance level of 1,310.60.
GOLD_20_03_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1293.44 1297.77 1302.14 1306.47 1310.84 1315.17 1319.54
WEEKLY 1270.80 1280.70 1291.80 1301.70 1312.80 1322.70 1333.80
MONTHLY 1252.16 1278.43 1297.26 1323.53 1342.36 1368.63 1387.46