USD/JPY

USD/JPY has been steady in the open in quite data week. The pair dropped from a 108.70 to 108.40 low on Friday, today slightly bid, opening at 108.29 and ending up at 108.52 for the high so far as the financial markets were focused on Brexit in the final days of the week. USD/JPY is expected to find support at 108.32 and a fall through could take it to the support level of 108.11. On the other side, resistance stands at 108.67 and a rise through could take it to the level of 108.84.

USDJPY_21_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.06 108.18 108.29 108.41 108.53 108.64 108.76
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 is trading around 1.1150, holding onto gains. The common currency was swept higher with Brexit optimism and after China said concrete progress with the US while the USD remains on the back foot. EUR/USD is expected to find support at 1.1133 and a fall through could take it further to the support level of 1.1121. On the other side, resistance stands at 1.1170 and a rise through could take it to the next resistance level of 1.1188.

EURUSD_21_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1130 1.1139 1.1148 1.1157 1.1166 1.1175 1.1184
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 is battling with 1.29, down on the day. UK PM Johnson will try to pass his Brexit deal in parliament after he was forced to ask for an extension in Saturday’s special session. Parliament may insert amendments. GBP/USD is expected to find support at 1.2855 and a fall through could take it to the next support level of 1.2803. On the other side, resistance stands at 1.2992, and a rise through could take it to the next resistance level of 1.3024.

GBPUSD_21_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2781 1.2828 1.2865 1.2912 1.2949 1.2996 1.3033
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

Gold’s struggle for clear directional bias continues after the People’s Bank of China’s interest rate decision. The yellow metal has been restricted largely to a narrow range of $1,500 to $1,480 since last Monday and is currently trading at $1490 per Oz, representing little change on the day. Gold is expected to find support at 1,487.00 and a fall through could take it to the support level of 1,484.20. On the other side, resistance stands at 1,495.90, and a rise through could take it to the level of 1,500.00.

Gold_21_10_19

Gold’s struggle for clear directional bias continues after the People’s Bank of China’s interest rate decision. The yellow metal has been restricted largely to a narrow range of $1,500 to $1,480 since last Monday and is currently trading at $1490 per Oz, representing little change on the day. Gold is expected to find support at 1,487.00 and a fall through could take it to the support level of 1,484.20. On the other side, resistance stands at 1,495.90, and a rise through could take it to the level of 1,500.00.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3