USDJPY

The pair had a slight drop from the 114.00 handle, currently trading at 113.70 in the Asia session. Below 113.60, the pair could be en route for a steeper correction, but as long as that level holds, there’s room for an extension toward the 114.40/50 price zone. Key support is at 113.54, and a fall through could take it to 113.31 support level. On the other side, resistance stands at 114.00, and a rise through could take it to the next resistance level of 114.20.

USDJPY-02-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 113.43 113.58 113.76 113.91 114.09 114.24 114.42
WEEKLY 111.30 111.79 112.74 113.23 114.18 114.67 115.62
MONTHLY 108.04 109.21 111.50 112.67 114.96 116.13 118.42

EURUSD

The EURUSD came under renewed selling pressure in early Europe and refreshed three-week lows near 1.1540 region, as the bears now target the 1.1500 support ahead of the Eurozone PPI release. EUR/USD is expected to find support at 1.1510 and a fall through could take it further to the support level of 1.1480. On the other side, resistance stands at 1.1620, and a rise through could take it to the next resistance level of 1.1660.

EURUSD-02-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1494 1.1529 1.1553 1.1588 1.1612 1.1647 1.1671
WEEKLY 1.1263 1.1415 1.1512 1.1664 1.1761 1.1913 1.2010
MONTHLY 1.1195 1.1361 1.1483 1.1649 1.1771 1.1937 1.2059

GBPUSD

The GBP/USD faces heavy selling pressure and tests the 1.3000 level, unfazed by the latest Brexit headlines amid notable US dollar demand across the board. Support stands at 1.2995 level and a fall through could take it to the next support level of 1.2978. On the flip side, resistance is seen at 1.3080, and a rise through could take it to the next resistance level of 1.3110.

GBPUSD-02-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2908 1.2960 1.3002 1.3054 1.3096 1.3148 1.3190
WEEKLY 1.2728 1.2864 1.2947 1.3083 1.3166 1.3302 1.3385
MONTHLY 1.2272 1.2529 1.2784 1.3041 1.3296 1.3553 1.3808

GOLD

Gold prices managed to bounce off the support level at 1183.57. However, we expect the sideways range to continue. The resistance level at 1197.50 is the likely target to the upside. Failure to breakout above this level could see gold prices holding the sideways range for longer. To the downside a failure of the support could signal further declines. The previous lows at 1170.00 will be the next main target of interest.

GOLD-02-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1180.96 1184.53 1188.66 1192.23 1196.36 1199.93 1204.06
WEEKLY 1157.26 1168.63 1180.06 1191.43 1202.86 1214.23 1225.66
MONTHLY 1146.64 1165.57 1180.14 1199.07 1213.64 1232.57 1247.14