USD/JPY

USD/JPY is steady, down -0.02% despite the concerns over the ‘Phase1’ deal made between China and the US on Friday. USD/JPY has advanced from below the 108.00 handle on the prior optimism but was capped at the highs of 108.62 as some doubts started to surface. USD/JPY is expected to find support at 108.05 and a fall through could take it to the support level of 107.86. On the other side, resistance stands at 108.49 and a rise through could take it to the level of 108.71.

USDJPY-15-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.71 107.87 108.15 108.31 108.58 108.75 109.02
1 WEEK 105.06 105.81 107.12 107.87 109.18 109.93 111.24
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89

EURUSD

EUR/USD created an inside day or inside bar candlestick pattern on Monday, indicating investor indecision and impending volatility. The pair today is advancing within its narrow range trading ahead of the German ZEW figures. The IMF is set to cut its global growth forecasts while the US and China still have work to do on the trade deal. EUR/USD is expected to find support at 1.1026 and a fall through could take it further to the support level of 1.1011. On the other side, resistance stands at 1.1056 and a rise through could take it to the next resistance level of 1.1071.

EURUSD-15-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0984 1.0999 1.1013 1.1028 1.1042 1.1057 1.1071
1 WEEK 1.0783 1.0831 1.0905 1.0953 1.1027 1.1075 1.1149
1 MONTH 1.0593 1.0739 1.0819 1.0965 1.1045 1.1191 1.1271

GBPUSD

GBP/USD s trading above 1.26, buoyed by reports that the EU and the UK are getting closer to a Brexit deal, contradicting earlier scepticism. GBP/USD is expected to find support at 1.2595 and a fall through could take it to the next support level of 1.2548. On the other side, resistance stands at 1.2707, and a rise through could take it to the next resistance level of 1.2726.

GBPUSD-15-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2401 1.2458 1.2534 1.2592 1.2668 1.2726 1.2801
1 WEEK 1.1814 1.2004 1.2327 1.2517 1.2840 1.3030 1.3353
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220

GOLD

Gold bears give little importance to doubts over soft Brexit and tension surrounding Syria while flashing $1,488.50 as a quote during Monday’s early session. The yellow metal recently witnessed downside pressure after the United States and Chinese diplomats agreed over the first part of the trade deal on late-Thursday. Gold is expected to find support at 1,483.10 and a fall through could take it to the support level of 1,479.60. On the other side, resistance stands at 1,491.60, and a rise through could take it to the level of 1,497.20.

Gold-15-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1479.36 1483.28 1486.11 1490.03 1492.86 1496.78 1499.61
1 WEEK 1426.06 1452.03 1470.36 1496.33 1514.66 1540.63 1558.96
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60