USDJPY

The US dollar continues to trade to the upside against the Japanese yen. The pair remains bullish while trading above the pivotal 109.00 handle, with key resistance located at the 109.46 and 109.56 levels. On the downside, If the pair trades downwards for a sustained period, it might target the 109.08 and 108.95 levels.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.65 108.84 109.07 109.26 109.49 109.68 109.91
WEEKLY 106.09 106.88 107.96 108.75 109.83 110.62 111.70
MONTHLY 102.04 103.30 104.79 106.05 107.54 108.80 110.29

EURUSD

The pair maintained its bearish momentum on Tuesday, where low volumes are expected with most of the world celebrating Labor Day. Support lies at 1.2060 levels and might continue its downwards move to lover levels if the euro fails to perform a more significant bounce. Resistance lies at 1.2140 levels, where an uptrend may return the pair back to the 1.2200 levels.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1976 1.2020 1.2051 1.2095 1.2126 1.2170 1.2201
WEEKLY 1.1794 1.1925 1.2028 1.2159 1.2262 1.2393 1.2496
MONTHLY 1.1836 1.1995 1.2159 1.2318 1.2482 1.2641 1.2805

GBPUSD

The GBP/USD pair started a major downside move, where breaking the 1.3950 support, pushed the pound into a bearish zone. Support stands 1.3710 level, which if it gives away, a drop towards lower levels is possible. On the upside, short term resistance stands at the 1.3785 levels, with a break above this level may ignite an uptrend.

GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3647 1.3680 1.3726 1.3759 1.3805 1.3838 1.3884
WEEKLY 1.3392 1.3570 1.3675 1.3853 1.3958 1.4136 1.4241
MONTHLY 1.3205 1.3459 1.3738 1.3992 1.4271 1.4525 1.4804

GOLD

Gold extended its overnight weakness and came under renewed selling pressure in Asia. Support lies at the 1,310.00 level, where a follow-through weakness below this level is, might accelerate the slide towards the $1303 level. On the upside, short term resistance resides at the 1,316 level where a break might lift gold back to the 1,320.00 level.

GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1294.46 1302.73 1309.36 1317.63 1324.26 1332.53 1339.16
WEEKLY 1297.56 1306.93 1315.66 1325.03 1333.76 1343.13 1351.86
MONTHLY 1250.24 1279.77 1303.54 1333.07 1356.84 1386.37 1410.14