USD/JPY

USD/JPY is facing downside pressures a day after failing to close above the former support-turned-resistance of 106.78. The pair is holding well above Tuesday’s low of 105.07, however the immediate bias remains neutral. USD/JPY is expected to find support at 106.10 and a fall through could take it to the support level of 105.86. On the other side, resistance stands at 106.64 and a rise through could take it to the level of 106.78.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1103.54 104.31 105.45 106.21 107.35 108.11 109.26
1 WEEK 103.13 104.20 104.94 106.01 106.75 107.82 108.56
1 MONTH 105.90 106.56 107.68 108.34 109.47 110.12 111.25

EURUSD

EUR/USD struggles for direction near 1.1180, as the sentiment around the Euro remains under pressure in the first half of the week. The pair is digesting yesterday’s moderate pullback to the 1.1160 region, where coincide the 10-day and 21-day SMAs, all against the backdrop of a renewed pick up in the mood around the dollar. EUR/USD is expected to find support at 1.1160 and a fall through could take it further to the support level of 1.1134. On the other side, resistance stands at 1.1200 and a rise through could take it to the next resistance level of 1.1229.

EURUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1097 1.1134 1.1156 1.1192 1.1214 1.1250 1.1272
1 WEEK 1.0971 1.1037 1.1119 1.1185 1.1267 1.1333 1.1415
1 MONTH 1.0663 1.0862 1.0967 1.1166 1.1271 1.1470 1.1576

GBPUSD

GBP/USD struggles to justify downside pressure amid political uncertainty as traders await inflation data for fresh impulse. The pair came under pressure during the early session after the news broke that rebel members of the Parliaments have lined up with ex-Chancellor Phillip Hammond to convey that Boris Johnson is the reason the EU is not availing any deals to the UK. GBP/USD is expected to find support at 1.2034 and a fall through could take it to the next support level of 1.2011. On the other side, resistance stands at 1.2078, and a rise through could take it to the next resistance level of 1.2100.

GBPUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1981 1.2011 1.2038 1.2068 1.2095 1.2125 1.2151
1 WEEK 1.1785 1.1905 1.1971 1.2091 1.2157 1.2277 1.2343
1 MONTH 1.1360 1.1740 1.1947 1.2327 1.2534 1.2914 1.3121

GOLD

Gold takes the rounds to $1,500 mark in Wednesday’s European open. The yellow metal previously witnessed downside pressure as the US scaled back some of its September 01 tariffs on Chinese goods to December 15. Gold is expected to find support at 1,487.20 and a fall through could take it to the support level of 1,473.10. On the other side, resistance stands at 1,514.20, and a rise through could take it to the level of 1,527.10.

Gold

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1431.09 1460.92 1486.29 1516.12 1541.49 1571.32 1596.69
1 WEEK 1390.06 1419.43 1463.96 1493.33 1537.86 1567.23 1611.76
1 MONTH 1310.29 1347.57 1379.79 1417.07 1449.29 1486.57 1518.79