USD/JPY

USD/JPY holds onto recovery gains while taking rounds to 108.30, intraday high of 108.75, amid the Asian session on Tuesday. The pair recently took clues from the US policymakers’ statements while paying a little heed to Japan’s data-dump. USD/JPY is expected to find support at 107.74, and a fall through could take it to the support level of 107.38. On the other side, resistance stands at 108.54, and a rise through could take it to the level of 108.82.

USDJPY-31-03-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.00 106.56 107.19 107.75 108.39 108.94 109.58
1 WEEK 102.57 105.16 106.54 109.13 110.51 113.10 114.48
1 MONTH 101.60 104.55 106.32 109.27 111.04 113.99 115.76

EURUSD

EUR/USD is on the back foot, edging toward 1.10 amid a mixed market mood on the last day of a volatile quarter. Eurozone inflation figures, US consumer confidence, and coronavirus headlines are eyed. EUR/USD is expected to find support at 1.0977 and a fall through could take it further to the support level of 1.0932. On the other side, resistance stands at 1.1059, and a rise through could take it to the next resistance level of 1.1091.

EURUSD-31-03-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0855 1.0932 1.0991 1.1068 1.1126 1.1204 1.1262
1 WEEK 1.0291 1.0464 1.0802 1.0975 1.1313 1.1486 1.1825
1 MONTH 1.0514 1.0645 1.0835 1.0966 1.1156 1.1287 1.1477

GBPUSD

GBP/USD is trading at 1.2335, as the dollar snaps back after falling in previous days. UK GDP was confirmed at 0% in Q4 2019 while the current account deficit is narrower than expected. Coronavirus statistics are awaited. GBP/USD is expected to find support at 1.2249 and a fall through could take it to the next support level of 1.2189. On the other side, resistance stands at 1.2429, and a rise through could take it to the next resistance level of 1.2487.

GBPUSD-31-03-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2181 1.2249 1.2333 1.2401 1.2486 1.2553 1.2638
1 WEEK 1.0734 1.1090 1.1774 1.2130 1.2814 1.3170 1.3853
1 MONTH 1.2135 1.2430 1.2625 1.2920 1.3115 1.3410 1.3605

GOLD

Gold has been consolidating a move int the 1600s, slightly lower today as markets overnight bounced back as investor begin to look through the virus and are seeing the light at the end of the tunnel. At the time of writing, gold is trading at $1,614.70, between a range of $1,610 and $1,622. Gold is expected to find support at the level of 1,604.30 and a fall through could take it to 1,594.50 level. On the other side, resistance stands at 1,627.80, and a rise through could take it to 1,639.50 level.

Gold-31-03-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1584.00 1608.00 1625.60 1649.60 1667.20 1691.20 1708.80
1 WEEK 1308.16 1379.53 1432.06 1503.43 1555.96 1627.33 1679.86
1 MONTH 1374.04 1462.57 1514.64 1603.17 1655.24 1743.77 1795.84