Technical View Of Gold, GBP/USD And EUR/JPY

Headlines the Economic Calendar on Tuesday

The US JOLTs Job Openings: The US Bureau of Labor Statistics will release its JOLTS job opening survey for October. On average, economists expect that the job vacancies ease to 6.600 million in February from 6.963 million in January

Canada Ivey PMI: Canada Ivey PMI will be widely followed by the market. Ivey PMI is expected to ease to 41.0 in March from 54.1 over the previous month. A lower realization than expected would be negative for the Canadian dollar against the Greenback.

Technical Analysis:

GBP/USD: The GBP/USD pair showed an upward movement in the Asian Trading Session and then moved up above the key support level of 1.2286. As long as the price stays above 1.2286 on a four hourly basis, we will see the resistance level at 1.2364. On the other hand, if the price breaks down below 1.2286, the next support level will be at 1.2205.

Support: 1.2286 - 1.2205 - 1.2110
Resistance: 1.2364 - 1.2428 - 1.2502

USD/JPY: The USD/JPY pair is currently trading above the 108.79 level. If the price stays above 108.79 on a four hourly basis, we will face 109.09 as the daily resistance level again. Otherwise, if the price drops below 108.79 again, we will follow the next support level at 108.52.

Support : 108.79 - 108.52 -108.14
Resistance: 109.09 - 109.39 - 109.72

Dow 30 Futures Index: The Dow Jones 30 Futures index is now trading the 22601 main support level. As long as the index stays above 22601 on a daily basis, the rise may continue and we will see the resistance level at 23934. On the other hand, if the index falls below 22601, we will watch 21539 as the next support level.

Support: 22601 - 21539
Resistance: 23934 - 24822 - 25202

Gold: The Gold Price is now trading above the main support level of 1650. If the yellow metal price stays above 1650, on a daily basis, we will see 1667 as the resistance level again. On the downside, if the price breaks down below 1650, the next support level can be found at 1638.

Support: 1650 - 1638 - 1626
Resistance: 1667 -1684

EUR/JPY: The EUR/JPY pair moved up above the 118.12 main support level. As long as the pair stays above 118.12 on a daily basis, the rise may continue and we will watch the key resistance level at 118.73. On the downside, if the pair breaks down below 118.12, the next support level will be at 117.34

Support: 118.12 - 117.34 - 116.44
Resistance: 118.73 - 119.49 - 120.13

GBP/JPY: The GBP/JPY pair is currently trading above the 134.03 key support level. If the pair stays above 134.03 on a four hourly basis, the rise may continue and we will follow 135.15 as a resistance level. On the other hand, if the pair falls below 134.03, the next support level will be placed at 132.96.

Support: 134.03 - 132.96 - 137.19
Resistance: 135.15 - 136.01 - 136.98