USDJPY

USD/JPY pair is currently trading at the 5-day moving average (MA) support 109.45, having clocked a high of 109.69 earlier today. That pullback is likely associated with the risk aversion in the equities and the resulting haven bid for the Japanese yen. USD/JPY is expected to find support at 108.90, and a fall through could take it to the support level of 108.38. On the other side, resistance stands at 109.88, and a rise through could take it to the level of 110.14.

USDJPY-22-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 109.27 109.37 109.52 109.62 109.77 109.87 110.02
WEEKLY 106.64 107.31 108.55 109.22 110.46 111.13 112.37
MONTHLY 103.83 106.69 108.14 111.00 112.45 115.31 116.76

EURUSD

EUR/USD pair is currently trading at 1.1360 and risks falling to 1.13, courtesy of the dovish European Central Bank expectations. EUR/USD is expected to find support at 1.1330 and a fall through could take it further to the support level of 1.1300. On the other side, resistance stands at 1.1395, and a rise through could take it to the next resistance level of 1.1428.

EURUSD-22-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1320 1.1338 1.1353 1.1372 1.1387 1.1406 1.1421
WEEKLY 1.1172 1.1262 1.1313 1.1403 1.1454 1.1544 1.1595
MONTHLY 1.1111 1.1189 1.1330 1.1408 1.1549 1.1627 1.1768

GBPUSD

GBP/USD pair broke its overnight consolidative mode to the downside heading into the London markets, as risk-off sentiment and a stronger dollar pushed the Pound on the downside. GBP/USD is expected to find support at 1.2830 and a fall through could take it to the next support level of 1.2770. On the other side, resistance stands at 1.2930, and a rise through could take it to the next resistance level of 1.2965.

GBPUSD-22-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2764 1.2798 1.2845 1.2878 1.2925 1.2958 1.3005
WEEKLY 1.2364 1.2517 1.2696 1.2849 1.3028 1.3181 1.3360
MONTHLY 1.2179 1.2328 1.2543 1.2692 1.2907 1.3056 1.3271

GOLD

Gold is currently trading at $1,284.27 – the yellow metal charted a bearish-lower high at $1,283.50 yesterday, validating the range breakdown witnessed on Friday despite global growth concerns and the fading prospect of a breakthrough US-China trade deal. Gold is expected to find support at the level of 1,276.65 and a fall through could take it to 1,268.80 level. On the other side, resistance stands at 1,291.60, and a rise through could take it to the next resistance level of 1,297.05.

Gold-22-01-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1269.01 1272.58 1275.81 1279.38 1282.61 1286.18 1289.41
WEEKLY 1259.76 1269.93 1276.26 1286.43 1292.76 1302.93 1309.26
MONTHLY 1183.20 1204.90 1243.10 1264.80 1303.00 1324.70 1362.90