USDJPY

USD/JPY is seen consolidating around the midpoint of the 112 handle, unfazed by broad-broad US dollar strength and downbeat Japanese exports numbers. The pair found support at 112.50, and a fall through could take it to the support level of 112.00. On the other side, resistance stands at 112.75, and a rise through could take it to the next resistance level of 113.00.

USDJPY-18-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.50 111.76 112.20 112.46 112.90 113.16 113.60
WEEKLY 109.26 110.55 111.37 112.66 113.78 114.77 115.59
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

EUR/USD broke 1.1500 major handle ahead of European market session, and another round of the EU’s EcoFin meetings. EUR/USD is expected to find support at 1.1450 and a fall through could take it further to the support level of 1.1400. On the other side, resistance stands at 1.1500, and a rise through could take it to the next resistance level of 1.1545.

EURUSD-18-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1388 1.1442 1.1472 1.1526 1.1556 1.1610 1.1640
WEEKLY 1.1278 1.1354 1.1459 1.1535 1.1640 1.1716 1.1821
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD pair is trading lower on bearish side, having established a lower high at 1.3236. GBP/USD is expected to find support at 1.3050 and a fall through could take it to the next support level of 1.3000. On the other side, resistance stands at 1.3150, and a rise through could take it to the next resistance level of 1.3200.

GBPUSD-18-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2971 1.3033 1.3068 1.3130 1.3165 1.3227 1.3262
WEEKLY 1.2804 1.2916 1.3035 1.3147 1.3266 1.3378 1.3497
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices dipped below 1221.70 support in yesterday’s session as dollar shows strength. Support stands at the level of 1,220.70 and a fall through could take it to 1,215.74 level. On the other side, resistance stands at 1,229.40, and a rise through could take it to the next resistance level of 1,233.23.

GOLD-18-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1212.56 1218.13 1221.76 1227.33 1230.96 1236.53 1240.16
WEEKLY 1152.10 1167.90 1190.00 1208.80 1233.90 1249.70 1274.80
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34