USDJPY

The pair is looking for a bullish push to kick off Monday with Japan on holidays and Market sentiment influenced by trade wars. USD/JPY pair reached Friday 112.16, surpassing August high by a couple of pips, amid broad dollar’s strength triggered by strong US data. USD/JPY is expected to find support at 111.83, and a fall through could take it to the support level of 111.60. On the other side, resistance stands at 112.16, and a rise through could take it to the next resistance level of 112.37.

USDJPYH-17-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.82 111.88 111.92 111.98 112.02 112.08 112.12
WEEKLY 109.92 110.39 111.23 111.70 112.54 113.01 113.85
MONTHLY 107.44 108.61 109.82 110.99 112.20 113.37 114.58

EURUSD

EUR/USD retreated from a monthly high of 1.1721 to close at 1.1622 at the end of the week, following headlines that US President Trump, was said to want to go on with tariffs on $200B on Chinese goods, despite talks. The pair is seen making tepid recovery attempts, currently at 1.1633. EUR/USD is expected to find support at 1.1620 and a fall through could take it further to the support level of 1.1584. On the other side, resistance stands at 1.1699, and a rise through could take it to the next resistance level of 1.1717.

EURUSDH-17-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1608 1.1615 1.1619 1.1626 1.1630 1.1637 1.1641
WEEKLY 1.1332 1.1429 1.1530 1.1627 1.1728 1.1825 1.1926
MONTHLY 1.0919 1.1109 1.1355 1.1545 1.1791 1.1981 1.2227

GBPUSD

GBP/USD is moving upwards in early Monday action, heading towards 1.3100 ahead of London’s week opener with Brexit continuing to hang heavy over Pound traders. The pair is expected to find support at 1.3054 level and a fall through could take it to the next support level of 1.3019. On the other side, resistance stands at 1.3144, and a rise through could take it to the next resistance level of 1.3165.

GBPUSDH-17-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3062 1.3066 1.3069 1.3073 1.3076 1.3080 1.3083
WEEKLY 1.2682 1.2789 1.2929 1.3036 1.3176 1.3283 1.3423
MONTHLY 1.2217 1.2440 1.2701 1.2924 1.3185 1.3408 1.3669

GOLD

Gold prices slipped on Monday as the United States is set impose a new round of tariffs on Chinese imports. Gold is expected to find support at the level of 1,192.63 and a fall through could take it to 1,187.66 level. On the other side, resistance stands at 1,205.64, and a rise through could take it to the next resistance level of 1,212.62.

GOLDH-17-09-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1195.60 1196.70 1197.40 1198.50 1199.20 1200.30 1201.00
WEEKLY 1174.00 1182.20 1188.60 1196.80 1203.20 1211.40 1217.80
MONTHLY 1104.26 1132.83 1166.56 1195.13 1228.86 1257.43 1291.16