USD/JPY

USD/JPY is operating on slippery grounds, courtesy of Brexit-led risk aversion in the equity markets. The pair is currently trading at 108.37, representing a 0.10 % loss on the day. USD/JPY is expected to find support at 108.24 and a fall through could take it to the support level of 108.09. On the other side, resistance stands at 108.44 and a rise through could take it to the level of 108.61.

USDJPY_23_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.09 108.27 108.38 108.55 108.66 108.83 108.94
1 WEEK 107.09 107.56 108.00 108.47 108.91 109.38 109.82
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89

EURUSD

EUR/USD faced selling pressure, possibly due to the drop in the British Pound triggered by the Brexit impasse. Also, the US Dollar may draw haven bids, adding to the bearish pressures around EUR/USD, courtesy of the risk-off mood in the equity markets. The pair is consolidating its losses but holds onto 1.11 while the tension toward the ECB meeting mounts. EUR/USD is expected to find support at 1.1108 and a fall through could take it further to the support level of 1.1082. On the other side, resistance stands at 1.1153 and a rise through could take it to the next resistance level of 1.1171.

EURUSD_23_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1072 1.1096 1.1112 1.1135 1.1151 1.1174 1.1191
1 WEEK 1.0867 1.0929 1.1050 1.1112 1.1233 1.1295 1.1416
1 MONTH 1.0593 1.0739 1.0819 1.0965 1.1045 1.1191 1.1271

GBPUSD

GBP/USD attempting to recover after parliament slowed down the Brexit process. The pair is moving up toward 1.29, trying to recover after parliament rejected the fast-track process that PM Johnson wanted for approving his Brexit deal. An extension to Article 50 and elections are on the cards. GBP/USD is expected to find support at 1.2804 and a fall through could take it to the next support level of 1.2778. On the other side, resistance stands at 1.2930, and a rise through could take it to the next resistance level of 1.2968.

GBPUSD_23_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2693 1.2778 1.2830 1.2915 1.2968 1.3052 1.3105
1 WEEK 1.2186 1.2350 1.2662 1.2826 1.3138 1.3302 1.3614
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220

GOLD

GBP/USD attempting to recover after parliament slowed down the Brexit process. The pair is moving up toward 1.29, trying to recover after parliament rejected the fast-track process that PM Johnson wanted for approving his Brexit deal. An extension to Article 50 and elections are on the cards. GBP/USD is expected to find support at 1.2804 and a fall through could take it to the next support level of 1.2778. On the other side, resistance stands at 1.2930, and a rise through could take it to the next resistance level of 1.2968.

Gold_23_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1478.25 1481.15 1486.50 1489.40 1494.75 1497.65 1503.00
1 WEEK 1459.74 1470.17 1482.14 1492.57 1504.54 1514.97 1526.94
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60