USD/JPY

USD/JPY drops to 108.88, down 0.30% amid the Asian session on Tuesday. In doing so, the pair snaps the previous three-day winning streak but stays above the near-term key supports. USD/JPY is expected to find support at 108.52, and a fall through could take it to the support level of 108.28. On the other side, resistance stands at 109.13, and a rise through could take it to the level of 109.38.

USDJPY_07_04_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.55 107.95 108.59 108.99 109.63 110.03 110.68
1 WEEK 105.51 103.21 107.34 108.04 109.17 109.87 111.00
1 MONTH 91.38 96.28 101.92 106.82 112.46 117.36 123.00

EURUSD

EUR/USD is trading above 1.08, up amid falling coronavirus cases in the old continent and as German industrial output beat expectations with 0.3% for February. New US fiscal stimulus is also eyed. EUR/USD is expected to find support at 1.0798 and a fall through could take it further to the support level of 1.0772. On the other side, resistance stands at 1.0863, and a rise through could take it to the next resistance level of 1.0900.

EURUSD_07_04_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0695 1.0731 1.0763 1.0799 1.0830 1.0867 1.0898
1 WEEK 1.0300 1.0536 1.0673 1.0909 1.1045 1.1282 1.1418
1 MONTH 0.9755 1.0196 1.0611 1.1052 1.1467 1.1908 1.2323

GBPUSD

GBP/USD is trading closer to 1.23 as the focus remains on PM Johnson’s condition. The 55-year old is in intensive care, receiving oxygen and Foreign Secretary Raab is in charge. GBP/USD is expected to find support at 1.2226 and a fall through could take it to the next support level of 1.2193. On the other side, resistance stands at 1.2319, and a rise through could take it to the next resistance level of 1.2356.

GBPUSD_07_04_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2065 1.2137 1.2184 1.2256 1.2304 1.2375 1.2423
1 WEEK 1.1884 1.2045 1.2154 1.2315 1.2424 1.2585 1.2694
1 MONTH 0.9693 1.0551 1.1485 1.2343 1.3277 1.4135 1.5069

GOLD

Gold steps back from an intraday high of $1,674.15 to $1,663 during Tuesday’s Asian session despite benefitted from a sustained risk recovery. Even so, the yellow metal registers 0.20% gains while also staying near to the recently flashed four-week high. Gold is expected to find support at the level of 1,649.40 and a fall through could take it to 1,639.70 level. On the other side, resistance stands at 1,676.90, and a rise through could take it to 1,685.30 level.

Gold_07_04_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1571.86 1605.03 1649.46 1682.63 1727.06 1727.23 1804.66
1 WEEK 1492.34 1534.17 1589.94 1631.77 1687.54 1729.37 1785.14
1 MONTH 1207.86 1329.43 1460.76 1582.33 1713.66 1835.23 1966.56