USDJPY

USDJPY stalled its recovery just ahead of the 112 handle in Mondays Asian trading, now consolidating below the last, as the risk sentiment turned sour amid a sell-off in the Chinese equity markets. The pair fell towards the 111.35 level after the key trendline break and remains intraday bearish while trading below the 112.00 level. The USDJPY pair is strongly bearish while trading below the 112.00 level, key support is now found at the 111.35 and 110.90 levels. Resistance levels are seen at 112.18 and 112.45.

USDJPY-29-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.64 111.72 111.82 111.90 112.00 112.08 112.18
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

The EURUSD is trading back above 1.1400, closing the gap after the German Chancellor’s ruling CDU marked the worst election result in the Frankfurt area in 70 years over the weekend. Indicators are now starting to turning higher, hinting that the EURUSD pair may once again test toward the 1.1431 resistance level. The EURUSD pair is strongly bearish while trading below the 1.1400 level, key technical support is found at the 1.1340 and 1.1300 levels.

EURUSD-29-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1383 1.1388 1.1394 1.1399 1.1405 1.1410 1.1416
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

Sterling is trading little changed at around 1.2830 on Monday ahead of the latest annual budget speech from the UK’s Chancellor of the Exchequer Phillip Hammond. The pair has its next relevant support at 1.2785, a probable bearish target in the case the decline continues sub-1.2855. On the flipside, GBPUSD is seen to reclaim the 1.3000 level if the bulls take over.

GBPUSD-29-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2814 1.2819 1.2825 1.2830 1.2836 1.2841 1.2847
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 rejects higher prices and faces further price consolidation with downside threats. On the downside, support comes in at the 1230.00 level where a break will turn attention to the 1220.00 level. Further down, a cut through here will open the door for a move lower towards the 1210.00 level. Resistance resides at the 1240.00 level where a break will aim at the 1250.00 level. A turn above there will expose the 1260.00 level.

GOLD-29-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1231.96 1233.43 1234.16 1235.63 1236.36 1237.83 1238.56
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