USDJPY

USD/JPY fell to 110.90 earlier today after the news hit the wires that BOJ will be buying fewer bonds, but later it was revealed that the central bank lifted purchases of bonds today, thus balancing out the future drop in purchases. As a result, the USD/JPY quickly moved back above 111.00. USD/JPY is expected to find support at 110.86, and a fall through could take it to the support level of 110.68. On the other side, resistance stands at 111.18, and a rise through could take it to the next resistance level of 111.39.

USDJPYH-04-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 110.57 110.71 110.90 111.04 111.23 111.37 111.56
WEEKLY 109.38 110.03 110.54 111.19 111.70 112.35 112.86
MONTHLY 107.44 108.61 109.82 110.99 112.20 113.37 114.58

EURUSD

After a quiet day yesterday due to holidays in USA, Dollar could begin strengthening against the Euro in today’s session. EUR/USD has remained flat around 1.1606 and is expected to find support at 1.1593 and a fall through could take it further to the support level of 1.1577. On the other side, resistance stands at 1.1620, and a rise through could take it to the next resistance level of 1.1657.

EURUSDH-04-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1556 1.1573 1.1593 1.1610 1.1630 1.1647 1.1667
WEEKLY 1.1395 1.1490 1.1545 1.1640 1.1695 1.1790 1.1845
MONTHLY 1.0919 1.1109 1.1355 1.1545 1.1791 1.1981 1.2227

GBPUSD

GBP/USD has dipped below 1.29 and is currently trading into 1.2866 ahead of Tuesday’s London market session after slipping on Monday as weekend Brexit headlines took their toll on the Pound. The pair is expected to find support at 1.2845 level and a fall through could take it to the next support level of 1.2827. On the other side, resistance stands at 1.2895, and a rise through could take it to the next resistance level of 1.2926.

GBPUSDH-04-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2759 1.2807 1.2837 1.2885 1.2915 1.2963 1.2993
WEEKLY 1.2630 1.2730 1.2846 1.2946 1.3062 1.3162 1.3278
MONTHLY 1.2217 1.2440 1.2701 1.2924 1.3185 1.3408 1.3669

GOLD

Despite the emerging market currency crisis, trade war concerns and Brexit uncertainty, safe haven gold has so far been reluctant to move higher. In large part, this is because of the dollar’s strength, which has weighed heavily on all dollar-denominated metals. Gold is expected to find support at the level of 1,198.40 and a fall through could take it to 1,189.41 level. On the other side, resistance stands at 1,205.02, and a rise through could take it to the next resistance level of 1,211.89.

GOLDH-04-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1193.56 1197.43 1201.86 1205.73 1210.16 1214.03 1218.46
WEEKLY 1170.86 1183.43 1191.86 1204.43 1212.86 1225.43 1233.86
MONTHLY 1104.26 1132.83 1166.56 1195.13 1228.86 1257.43 1291.16