USD/JPY

USD/JPY initially dipped to 107.52 as US yields fell after the European Central Bank’s announcements but then recovered as risk sentiment improved and has rallied to score yet another six-week high at 108.20 today. USD/JPY is currently trading to a low of 108.02 on the day so far. USD/JPY is expected to find support at 107.65 and a fall through could take it to the support level of 107.48. On the other side, resistance stands at 108.30 and a rise through could take it to the level of 108.64.

USDJPY-13-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.08 107.30 107.75 107.97 108.41 108.64 109.08
1 WEEK 104.53 105.13 106.03 106.63 107.53 108.13 109.03
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83

EURUSD

EUR/USD hits fresh two-week high as push higher continues. Price has jumped up by over 170 pips to trade at near 1.1105 in early European trading today, after a whipsaw. The ECB announced a rate cut and new QE on Thursday. EUR/USD is expected to find support at 1.1065 and a fall through could take it further to the support level of 1.1046. On the other side, resistance stands at 1.1115 and a rise through could take it to the next resistance level of 1.1119.

EURUSD-13-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0799 1.0863 1.0959 1.1023 1.1119 1.1183 1.1279
1 WEEK 1.0782 1.0854 1.0942 1.1014 1.1102 1.1174 1.1262
1 MONTH 1.0597 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461

GBPUSD

GBP/USD remains in the range despite challenging Brexit headlines while taking rounds to 1.2369. The DUP dismissed reports that it would accept special treatment for the province as a solution to the backstop. The EU is ready to grant a Brexit extension as Johnson faces growing criticism. GBP/USD is expected to find support at 1.2342 and a fall through could take it to the next support level of 1.2305. On the other side, resistance stands at 1.2422, and a rise through could take it to the next resistance level of 1.2451.

GBPUSD-13-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2204 1.2245 1.2286 1.2327 1.2369 1.2409 1.2451
1 WEEK 1.1646 1.1802 1.2042 1.2198 1.2438 1.2594 1.2834
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601

GOLD

Gold once again rallied back above the key $1,500 psychological mark in the last hour. The yellow metal turned wild with the ECB deposit rate cut and quantitative easing measures while upbeat prints of the US Core Consumer Price Index added fuel to the volatile session the previous day.. Gold is expected to find support at 1,496.70 and a fall through could take it to the support level of 1,490.10. On the other side, resistance stands at 1,510.90, and a rise through could take it to the level of 1,516.50.

Gold-13-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1456.66 1476.73 1492.06 1512.13 1527.46 1547.53 1562.86
1 WEEK 1439.90 1475.30 1495.40 1530.80 1550.90 1586.30 1606.40
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14