USD/JPY

USD/JPY has been trading in a tight range, between a low of 107.92 and a high of 108.08. Overnight, the pair ranged between 107.80 and 108.10, reversing the FOMC bounce and brushing off the Bank of Japan’s dovish tone as US stocks failed to convince on the upside and markets remains sidelined. USD/JPY is expected to find support at 107.65 and a fall through could take it to the support level of 107.49. On the other side, resistance stands at 108.18 and a rise through could take it to the level of 108.32.

USDJPY-20-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.06 107.43 107.75 108.11 108.43 108.79 109.11
1 WEEK 105.63 106.20 107.14 107.71 108.65 109.22 110.16
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83

EURUSD

EUR/USD adds to Thursday’s gains in the 1.1050/60 band, while the risk appetite trends appear mixed on Friday. The pair is advancing for the second session in a row as market participants continue to digest the recent FOMC event and refocus the attention on the US-China trade front. EUR/USD is expected to find support at 1.1024 and a fall through could take it further to the support level of 1.1005. On the other side, resistance stands at 1.1075 and a rise through could take it to the next resistance level of 1.1094.

EURUSD-20-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0969 1.0996 1.1020 1.1047 1.1071 1.1098 1.1122
1 WEEK 1.0781 1.0854 1.0965 1.1038 1.1149 1.1222 1.1333
1 MONTH 1.0597 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461

GBPUSD

GBP/USD takes the bids to 1.2575 while into the London open on Friday, with the EU lawmakers finally speaking the UK PM Johnson’s lines. Investors will be closely observing details of today’s meeting between the EU and UK’s key Brexit negotiators. GBP/USD is expected to find support at 1.2506 and a fall through could take it to the next support level of 1.2469. On the other side, resistance stands at 1.2604, and a rise through could take it to the next resistance level of 1.2628.

GBPUSD-20-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2334 1.2386 1.2455 1.2507 1.2575 1.2628 1.2696
1 WEEK 1.2044 1.2138 1.2320 1.2414 1.2596 1.2690 1.2872
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601

GOLD

Gold gains support form recently downbeat trade/political headlines while taking the bids to $1,505 during Friday’s session. The news/reports concerning Saudi-led alliance’s military strikes in Yemen and challenges to the US-China trade optimism, as ascertained from the US diplomats’ comments, seem to attract the yellow metal buyers. Gold is expected to find support at 1,498.70 and a fall through could take it to the support level of 1,493.90. On the other side, resistance stands at 1,1510.10, and a rise through could take it to the level of 1,516.40.

Gold-20-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1482.95 1489.65 1498.35 1505.05 1513.75 1520.45 1529.15
1 WEEK 1443.56 1467.83 1483.66 1507.97 1523.76 1548.03 1563.86
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14