USDJPY

USD/JPY caught an initial push reaching as high as 113.13 on the Fed but eventually came under pressure eventually and sank below the 113.00 level, now trading at 112.65. USD/JPY is expected to find support at 112.55, and a fall through could take it to the support level of 112.40. On the other side, resistance stands at 112.95, and a rise through could take it to the next resistance level of 113.13.
USDJPY-27-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.01 112.32 112.51 112.82 113.01 113.32 113.51
WEEKLY 110.65 111.16 111.87 112.38 113.09 113.60 114.31
MONTHLY 107.44 108.61 109.82 110.99 112.20 113.37 114.58

EURUSD

The US central bank raised rates by 25 bps yesterday and the dollar initially sold off quickly following the statement. But despite the “dovish” outcome from the Fed, the overall tone remains the same, so the Dollar reverse its losses in today’s session. EUR/USD is expected to find support at 1.1687 and a fall through could take it further to the support level of 1.1651. On the other side, resistance stands at 1.1797, and a rise through could take it to the next resistance level of 1.1814.
EURUSD-27-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1647 1.1687 1.1717 1.1757 1.1787 1.1827 1.1857
WEEKLY 1.1457 1.1537 1.1644 1.1724 1.1831 1.1911 1.2018
MONTHLY 1.0919 1.1109 1.1355 1.1545 1.1791 1.1981 1.2227

GBPUSD

GBP/USD is currently trading close to 1.3136 after slipping further away from yesterday’s high of 1.3217. The Fed rate hike push the pair into a fresh high for the week, but broader sentiment continues to lean into the dollar. The pair is expected to find support at 1.3110 level and a fall through could take it to the next support level of 1.3077. On the other side, resistance stands at 1.3217, and a rise through could take it to the next resistance level of 1.3260.
GBPUSD-27-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3054 1.3096 1.3133 1.3175 1.3212 1.3254 1.3291
WEEKLY 1.2744 1.2899 1.2988 1.3143 1.3232 1.3387 1.3476
MONTHLY 1.2217 1.2440 1.2701 1.2924 1.3185 1.3408 1.3669

GOLD

Gold price was volatile around the Fed statement, however, there was a sharp turning around in the dollar leading into when Powell confirmed that the Fed was staying its course in tightening with a bullish outlook for the US economy. Gold is expected to find support at the level of 1,193.57 and a fall through could take it to 1,188.12 level. On the other side, resistance stands at 1,201.35, and a rise through could take it to the next resistance level of 1,204.65.
Gold-27-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1182.16 1188.43 1194.36 1200.63 1206.56 1212.83 1218.76
WEEKLY 1195.20 1196.40 1196.30 1197.50 1197.40 1198.60 1198.50
MONTHLY 1104.26 1132.83 1166.56 1195.13 1228.86 1257.43 1291.16