USDJPY

The USD/JPY felt to session lows on Kuroda’s comments and continues the downside movement towards the 105.00 level which is massively supportive. A clear break below the 105.75 handle might lead to short term downtrend towards 105.00. Resistance stands at 106.30 and a break above might lead 107.00 area.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 104.64 105.36 105.76 106.48 106.88 107.60 108.00
WEEKLY 104.18 105.13 106.01 106.96 107.84 108.79 109.67
MONTHLY 102.08 105.18 107.19 110.29 112.30 115.40 117.41

EURUSD

EUR/USD retraced from yesterday lows as it found support at 1.2160 and rose to 1.2773, engulfing the previous day’s high and low. On the upside, a breakout of 1.2290 might lead to 1.2350 resistance area as 1.2400 is on the horizon. A clear break below 1.2160 might indicate downside movement towards 1.2100 level as 1.2000 is exposed.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2073 1.2114 1.2193 1.2234 1.2313 1.2354 1.2433
WEEKLY 1.2047 1.2153 1.2223 1.2329 1.2399 1.2505 1.2575
MONTHLY 1.1423 1.1669 1.2045 1.2291 1.2667 1.2913 1.3289

GBPUSD

GBP/USD pair has gone sideways overall, bouncing around the 1.3750 level, showing signs reversal. Support stands at 1.3730 and a clear break below might indicate downside movement towards 1.3700 level. Key resistance holds at 1.3800 level and a break above will target the next resistance area 1.3900.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3656 1.3684 1.3729 1.3757 1.3802 1.3830 1.3875
WEEKLY 1.3674 1.3766 1.3867 1.3959 1.4060 1.4152 1.4253
MONTHLY 1.2761 1.3109 1.3650 1.3998 1.4539 1.4887 1.5428

GOLD

Gold prices traded higher, retaining most of last session’s gains triggered by trade war fears after U.S. President Donald Trump announced his plans to slap a 25% tariff on imported steel and 10% on aluminum. Support stands at 1300 and a clear break below will target 1275 handle. Resistance stands at 1325 and a clear break that level might lead to upside movement as 1345 is on the horizon.

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1288.66 1296.13 1307.16 1314.63 1325.66 1333.13 1344.16
WEEKLY 1286.36 1304.63 1317.46 1335.73 1348.56 1366.83 1379.66
MONTHLY 1250.24 1279.77 1311.44 1340.97 1372.64 1402.17 1433.84