USDJPY

The already buoyant USDJPY has received a further boost from the news that President Trump is considering extending the tariff deadline by 90 days. Currently the USD/JPY is trading above the 111.00, having clocked a 2019 high of 111.13 earlier. The 111.00 figure is the first resistance en route to 111.41, December 26 high. The level will likely attract some selling interest if it’s reached. On the other side Support levels are seen at: 110.45 110.10 and 109.85.
USDJPY_14_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.05 110.28 110.60 110.83 110.16 110.38 110.71
WEEKLY 108.66 109.05 109.39 109.78 110.12 110.51 110.85
MONTHLY 100.87 102.92 105.90 107.95 110.93 112.98 115.96

EURUSD

The Euro is trading little changed on the upside after rebounding from mid 1.1200s to 1.1270 on Thursday. The German fourth quarter GDP rose 0.9% over the year beating the market estimate of a 0.7% increase with the Eurozone GDP data due later in the day. Initial support is at 1.1260, then followed by 1.1248 level. The next lines date back to 2017: 1.1200 and 1.1115 are eyed. 1.1290 is the January low and is the immediate resistance line. Further up, Wednesday’s peak at 1.1340 is the next cap.

EURUSD_14_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1132 1.1191 1.1228 1.1286 1.1323 1.1381 1.1418
WEEKLY 1.1130 1.1225 1.1277 1.1372 1.1424 1.1519 1.1571
MONTHLY 1.1014 1.1151 1.1298 1.1435 1.1582 1.1719 1.1866

GBPUSD

Sterling leaped off lows around 1.2840 to trade little changed on the upside at 1.2870 amid Brexit stalemate. The Bank of England MPC member Vlieghe is due to speak on Thursday while the focus remains on UK parliamentary Brexit debate. Support still stands at the 1.2835 and 1.2800 levels. For the upside, If the GBPUSD pair trades above the 1.2940 level, key resistance is found at the 1.300 level.
GBPUSD_14_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2695 1.2769 1.2811 1.2885 1.2927 1.3001 1.3043
WEEKLY 1.2581 1.2717 1.2832 1.2968 1.3083 1.3219 1.3334
MONTHLY 1.1840 1.2139 1.2620 1.2919 1.3400 1.3699 1.4180

GOLD

Gold created a bearish outside reversal (engulfing) candle yesterday, as the bull failure to capitalize on the break above the key resistance at 1315 was followed by a drop to 1305. Presently, the pair is still expected to find support at 1306.25, and a fall through could take it to the next support level of 1302.00. The pair is expected to find its first resistance at 1315.80, and a rise through could take it to the next resistance level of 1324.00.
GOLD_14_02_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1294.64 1301.37 1308.24 1314.97 1321.84 1328.57 1335.44
WEEKLY 1291.54 1298.97 1308.74 1316.17 1325.94 1333.37 1343.14
MONTHLY 1244.50 1263.00 1294.10 1312.60 1343.70 1362.20 1393.30