USDJPY

USD/JPY currently trading at 112.56 trimming its losses from yesterday’s session. The pair dipped to the low of 111.94, as the safe-haven Yen held firm against the Dollar, with risk-averse investors try to limit their exposure to the greenback in the face of a weak performance on Wall Street. The pair is expected to find support at 112.31, and a fall through could take it to the support level of 112.04. On the other side, resistance stands at 112.85, and a rise through could take it to the next resistance level of 113.05.

USDJPYH-24-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.15 111.55 112.00 112.40 112.85 113.25 113.70
WEEKLY 110.76 111.19 111.87 112.30 112.98 113.41 114.09
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

Euro fell significantly during trading on Tuesday after initially trying to rally but found support close to 1.1450 level. The pair, avoided a breakdown in Asia session today, possibly due to an uptick in the Chinese stocks, and currently trading at 1.1460. EUR/USD is expected to find support at 1.1448 and a fall through could take it further to the support level of 1.1432. On the other side, resistance stands at 1.1497, and a rise through could take it to the next resistance level of 1.1515.

EURUSDH-24-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1392 1.1416 1.1444 1.1468 1.1496 1.1520 1.1548
WEEKLY 1.1235 1.1334 1.1425 1.1524 1.1615 1.1714 1.1805
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD is trading near 1.2974 ahead of Wednesday’s London market session after the pair peaked at 1.3044 yesterday, before bedding back down after premature hopes on Brexit headlines once more gave way to discouragement amidst broader risk-off market sentiment. GBP/USD is expected to find support at 1.2949 and a fall through could take it to the next support level of 1.2928. On the other side, resistance stands at 1.3051, and a rise through could take it to the next resistance level of 1.3073.

GBPUSDH-24-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2823 1.2880 1.2930 1.2987 1.3037 1.3094 1.3144
WEEKLY 1.2751 1.2881 1.2976 1.3106 1.3201 1.3331 1.3426
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices slipped on Wednesday morning in Asia from three-month highs in the previous session, along with a weaker U.S. dollar. The downfall is driven by the intensifying geopolitical tensions, led by Saudi Arabia’s involvement in the murder of a journalist. Gold is expected to find support at the level of 1,227.36 and a fall through could take it to 1,221.73 level. On the other side, resistance stands at 1,236.69, and a rise through could take it to the next resistance level of 1,243.15.

GOLDH-24-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1206.64 1215.67 1224.74 1233.77 1242.84 1251.87 1260.94
WEEKLY 1211.14 1216.77 1221.04 1226.67 1230.94 1236.57 1240.84
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34