USD/JPY

USD/JPY failed to capitalize on its early uptick and has now retreated around 20-pips from over one-month tops set earlier during the session on Tuesday. Trade optimism continues to weigh on the JPY’s safe-haven status and remained supportive. USD/JPY is expected to find support at 107.02 and a fall through could take it to the support level of 106.83. On the other side, resistance stands at 107.62 and a rise through could take it to the level of 107.90.

USDJPY_10_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.37 106.57 106.96 107.16 107.55 107.75 108.14
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 is navigating to the 1.1050/60 area soon after the opening bell in the Old Continent. Upbeat mood in the riskier assets helps with momentum, however cautiousness is expected to grow ahead of ECB event later in the week. EUR/USD is expected to find support at 1.1026 and a fall through could take it further to the support level of 1.1010. On the other side, resistance stands at 1.1067 and a rise through could take it to the next resistance level of 1.1080

EURUSD_10_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0965 1.0990 1.1018 1.1043 1.1071 1.1096 1.1124
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 struggles to extend the latest recovery ahead of the UK employment data. The pair picks up fresh bids and attempts to extends the recovery towards the six-week tops near 1.2385 amid a likely Brexit calm and ahead of the UK jobs data. UK PM Johnson prorogued the Parliament until Oct 14th. GBP/USD is expected to find support at 1.2314 and a fall through could take it to the next support level of 1.2285. On the other side, resistance stands at 1.2395, and a rise through could take it to the next resistance level of 1.2408.

GBPUSD_10_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2109 1.2171 1.2258 1.2321 1.2471 1.2471 1.2558
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 is currently trading at $1,491 per Oz, having dropped to $1,486 soon before writing. That was the lowest level since Aug. 13. The price of gold is disheveled as markets focus on the measures by central banks designed to spur growth and as risks from various geopolitics settle down. Gold is expected to find support at 1,477.80 and a fall through could take it to the support level of 1,469.10. On the other side, resistance stands at 1,508.20, and a rise through could take it to the level of 1,520.30.

Gold_10_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1523.09 1532.92 1546.49 1556.32 1569.89 1579.72 1593.29
1 WEEK 1475.60 1500.60 1515.00 1540.00 1554.40 1579.40 1593.80
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14