USDJPY

USD/JPY had surpassed the 113.00 level before slipping back to 112.91 earlier in the session, as the dollar has been picking up a safe haven bid and favoritism due to the divergence between the Fed and BoJ. USD/JPY is expected to find support at 112.73, and a fall through could take it to the support level of 112.56. On the other side, resistance stands at 113.03, and a rise through could take it to the next resistance level of 113.17.

USDJPYH

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.56 112.65 112.82 112.91 113.08 113.17 113.34
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

EUR/USD is currently sidelined around 1.1765 and could pick up a strong bid if the Fed reaffirms gradual rate hike path. The Fed is widely expected to hike interest rates later in the day. EUR/USD is expected to find support at 1.1746 and a fall through could take it further to the support level of 1.1724. On the other side, resistance stands at 1.1796, and a rise through could take it to the next resistance level of 1.1814.

EURUSDH

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1671 1.1701 1.1732 1.1762 1.1793 1.1823 1.1854
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 trading at 1.3173 in the morning session ahead of the all-important Federal Reserve rate decision. The US central bank is set to raise rates by 25 basis points today and markets have already priced in two more rate hikes this year. The pair is expected to find support at 1.3143 level and a fall through could take it to the next support level of 1.3115. On the other side, resistance stands at 1.3195, and a rise through could take it to the next resistance level of 1.3214.

GBPUSDH

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3022 1.3059 1.3120 1.3157 1.3218 1.3255 1.3316
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 have remained in close to 1,200.00 level, currently trading at $1,202 per troy ounce ahead of the Fed rate decision. Dollar’s immediate fate depends on this event considerably, therefore so does Gold’s. Gold is expected to find support at the level of 1,198.62 and a fall through could take it to 1,194.02 level. On the other side, resistance stands at 1,204.80, and a rise through could take it to the next resistance level of 1,208.91.

GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1195.36 1198.33 1201.96 1204.93 1208.56 1211.53 1215.16
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