USDJPY

USD/JPY pair extends its bearish momentum into a fifth day today breaking below 113.00 support level, mainly driven by a broadly weaker US dollar and better Japanese fundamentals. Immediate support is seen at 112.00 level and a break below here will extend the decline targeting 111.00 area. However, a clear break above 113.0 r might trigger upside pressure and focus to 114 handles.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.85 112.99 113.10 113.24 113.35 113.49 113.60
WEEKLY 111.21 111.76 112.53 113.08 113.85 114.40 115.17
MONTHLY 106.78 108.81 110.67 112.70 114.56 116.59 118.45

 

EURUSD

EURUSD extended the rally breaking through key resistance area 1.1900, as the offered tone on the US dollar keeps growing. A clear break above 1.1950, might bring further upside movement back to 1.2000 levels. To the downside, support is seen at 1.1900 – 1.1800 level where the declines could be halted.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1811 1.1833 1.1866 1.1888 1.1921 1.1943 1.1976
WEEKLY 1.1604 1.1671 1.1768 1.1835 1.1932 1.1999 1.2096
MONTHLY 1.1244 1.1399 1.1652 1.1807 1.2060 1.2215 1.2468

 

GBPUSD

GBPUSD pair has been moving higher, as the weakness in the dollar spreads across the board and helps the other currencies to gain against the dollar. Key resistance remains at 1.3500 and clear move above that area could trigger further bullish pressure exposing 1.3600 key resistance. However, the downside is expected to remain vulnerable if the price breaks below 1.3400 support level.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3308 1.3338 1.3370 1.3400 1.3432 1.3462 1.3494
WEEKLY 1.3201 1.3256 1.3310 1.3365 1.3419 1.3474 1.3528
MONTHLY 1.2680 1.2859 1.3192 1.3371 1.3704 1.3883 1.4216

 

GOLD

Gold was driven to its highest level since November breaking above 1290 area, rising for an eighth straight session, as further weakness in the dollar encouraged investors to buy the precious metal. Intraday bias looks bullish targeting 1300 level and a break from here will target 1305. Support is seen at 1290.00 level where a break will expose 1280 region. The intraday outlook is bullish in the short to medium term.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1279.66 1282.83 1286.86 1290.03 1294.06 1297.23 1301.26
WEEKLY 1238.46 1247.03 1263.06 1271.63 1287.66 1296.23 1312.26
MONTHLY 1230.10 1250.10 1263.40 1283.40 1296.70 1316.70 1330.00