USDJPY

USD/JPY retracted from the daily highs in early trading, trading just above 108.10 as the dollar tries to recover from Thursday’s risk-off plunge against the safe haven yen. USD/JPY is expected to find support at 107.42, and a fall through could take it to the support level of 107.10. On the other side, resistance stands at 108.90, and a rise through could take it to the level of 109.30.

USDJPY-04-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 105.40 106.07 106.95 107.63 108.51 109.19 110.07
WEEKLY 108.30 109.15 109.72 110.57 111.14 111.99 112.56
MONTHLY 103.83 106.69 108.14 111.00 112.45 115.31 116.76

EURUSD

EUR/USD continues to trade below the 1.1400 major technical level, continuing a bounce from the low end of a sideways channel, and the pair heads into a Friday session that sees market focus shifting towards the US’ Non-Farm Payrolls. EUR/USD is expected to find support at 1.1360 and a fall through could take it further to the support level of 1.1310. On the other side, resistance stands at 1.1420, and a rise through could take it to the next resistance level of 1.1460. 

EURUSD-04-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1229 1.1270 1.1330 1.1370 1.1430 1.1470 1.1530
WEEKLY 1.1224 1.1283 1.1360 1.1419 1.1496 1.1555 1.1632
MONTHLY 1.1111 1.1189 1.1330 1.1408 1.1549 1.1627 1.1768

GBPUSD

GBP/USD is trading near 1.2640, trading flatly with little signs of upside momentum despite a steady climb from the bounce following Thursday’s risk-off plummet, with the pound enjoying some lift on a softening dollar. GBP/USD is expected to find support at 1.2585 and a fall through could take it to the next support level of 1.2536. On the other side, resistance stands at 1.2678, and a rise through could take it to the next resistance level of 1.2720.

GBPUSD-04-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2414 1.2465 1.2546 1.2597 1.2679 1.2729 1.2811
WEEKLY 1.2506 1.2561 1.2634 1.2689 1.2762 1.2817 1.2890
MONTHLY 1.2179 1.2328 1.2543 1.2692 1.2907 1.3056 1.3271

GOLD

Gold prices are continuing their steady march upwards, rising towards 1,300.00 in early Friday action. Gold prices have lifted for a third week in a row as risk aversion continues to see investors propping up the precious metal. Gold is expected to find support at the level of 1,288.10 and a fall through could take it to 1,283.37 level. On the other side, resistance stands at 1,298.56, and a rise through could take it to the next resistance level of 1,304.25.

Gold-04-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1279.40 1282.95 1290.05 1293.60 1300.70 1304.25 1311.35
WEEKLY 1242.40 1251.20 1267.10 1275.90 1291.80 1300.60 1316.50
MONTHLY 1183.20 1204.90 1243.10 1264.80 1303.00 1324.70 1362.90