USDJPY

USD/JPY has recovered from intraday low of 112.34 and is now trading at 112.65. The decline in the early session was likely associated with the drop in the S&P500 futures and the resulting rise in demand for the anti-risk JPY. The pair is expected to find support at 112.34, and a fall through could take it to the support level of 112.13. On the other side, resistance stands at 112.83, and a rise through could take it to the next resistance level of 113.07.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.19 112.30 112.38 112.49 112.57 112.68 112.76
WEEKLY 110.76 111.19 111.87 112.30 112.98 113.41 114.09
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

EUR/USD is starting the week just over the 1.1510 level, having bounced from Friday’s low of 1.1432, as the dollar eased amid a better market mood and soft US data. Italian budget deficit is weighing on the common currency as Italy will send the response to the EU’s letter on the budget today. EUR/USD is expected to find support at 1.1487 and a fall through could take it further to the support level of 1.1455. On the other side, resistance stands at 1.1540, and a rise through could take it to the next resistance level of 1.1567.

EURUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1499 1.1504 1.1508 1.1513 1.1517 1.1522 1.1526
WEEKLY 1.1235 1.1334 1.1425 1.1524 1.1615 1.1714 1.1805
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD is trading close to 1.3065 heading into London’s Monday market session as traders await further details on Brexit talks between the EU and the UK, and rising concerns of a no-deal Brexit could impact the Pound significantly in the weeks to come. GBP/USD is expected to find support at 1.3027 and a fall through could take it to the next support level of 1.3004. On the other side, resistance stands at 1.3094, and a rise through could take it to the next resistance level of 1.3116

GBPUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3049 1.3056 1.3061 1.3068 1.3073 1.3080 1.3085
WEEKLY 1.2751 1.2881 1.2976 1.3106 1.3201 1.3331 1.3426
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices settled higher on Monday morning in Asia at 1,226.76, along with an advance in the U.S. dollar. The increase in gold prices, a safe-haven asset, is likely to be impacted by geopolitical tensions including the Saudi murder of a journalist, Italy’s budget and Brexit uncertainty. Gold is expected to find support at the level of 1,220.10 and a fall through could take it to 1,215.64 level. On the other side, resistance stands at 1,231.62, and a rise through could take it to the next resistance level of 1,235.15.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1228.60 1229.20 1229.80 1230.40 1231.00 1231.60 1232.20
WEEKLY 1211.14 1216.77 1221.04 1226.67 1230.94 1236.57 1240.84
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34