USDJPY

USD/JPY is trading to its highest level in a week, currently trading at 112.68, after the risk reset put a bid to the pair. USD/JPY is expected to find support at 112.29, and a fall through could take it to the support level of 112.03. On the other side, resistance stands at 112.86, and a rise through could take it to the psychological level of 113.00.

USDJPY_30_10_2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.10 111.44 111.88 112.22 112.66 113.00 113.44
WEEKLY 109.72 110.55 111.23 112.06 112.74 113.57 114.25
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

EUR/USD is trading in bearish territories weighed by ongoing risk-off factors. However, there was a slightly improved tone supporting Italy on Monday when S&P Global Ratings kept Italy’s sovereign credit rating at BBB. Further, risk sentiment likely stabilized in Asia, as a result, the EUR could remain better bid during the day ahead. EUR/USD is trading at 1.1379 and expected to find support at 1.1352 and a fall through could take it further to the support level of 1.1334. On the other side, resistance stands at 1.1407, and a rise through could take it to the next resistance level of 1.1432.

EURUSD_30_10_2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1300 1.1331 1.1354 1.1385 1.1408 1.1439 1.1462
WEEKLY 1.1090 1.1212 1.1308 1.1430 1.1526 1.1648 1.1744
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD is trading back just above the 1.2800 major technical level after stumbling down to 1.2790, and traders are heading into Tuesday’s London market session on the cautious side as Brexit headlines continue to drag the GBP down. GBP/USD is expected to find support at 1.2775 and a fall through could take it to the next support level of 1.2740. On the other side, resistance stands at 1.2850, and a rise through could take it to the next resistance level of 1.2880.

GBPUSD_30_10_2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2718 1.2755 1.2778 1.2815 1.2838 1.2875 1.2898
WEEKLY 1.2393 1.2585 1.2709 1.2901 1.3025 1.3217 1.3341
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices corrected to the downside after reaching last week the strongest level since mid-July at $1,243/oz. Price bottomed during the American session at $1,224 amid a stronger US dollar and higher US yields. Gold is expected to find support at the level of 1,221.85 and a fall through could take it to 1,225.44 level. On the other side, resistance stands at 1,229.90, and a rise through could take it to the next resistance level of 1,218.52.

GOLD_30_10_2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1214.74 1220.47 1226.14 1231.87 1237.54 1243.27 1248.94
WEEKLY 1202.86 1211.23 1221.86 1230.23 1240.86 1249.23 1259.86
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34