USD/JPY

USD/JPY keeps Friday’s losses and trades just below 105.50. The sellers cheered the heaviest drop in more than three weeks during the previous day as the US dollar remained bid amid broad selling on the risk positive news concerning the American coronavirus stimulus. USD/JPY could find support at 105.38 and a fall through may take it further to the support level of 105.25. On the other side, resistance could stand at 105.59, and a rise through may take it to the next resistance level of 105.71.
USDJPY-12-10-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.25 105.42 105.53 105.70 105.80 105.98 106.08
1 WEEK 104.38 104.84 105.22 105.67 106.05 106.50 106.89
1 MONTH 101.55 102.77 104.10 105.33 106.66 107.89 109.22

EURUSD

EUR/USD gapped lower earlier in the Asian session on renewed coronavirus concerns. The spread between the US-EU inflation expectations is widening in a USD-positive manner. In other words, swap traders are betting on the US leading the economic recovery from the coronavirus-induced recession. EUR/USD could find support at 1.1804 and a fall through may take it further to the support level of 1.1789. On the other side, resistance could stand at 1.1831, and a rise through may take it to the next resistance level of 1.1848.
EURUSD-12-10-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1784 1.1794 1.1804 1.1814 1.1825 1.1834 1.1845
1 WEEK 1.1618 1.1662 1.1744 1.1788 1.1869 1.1914 1.1995
1 MONTH 1.1151 1.1382 1.1550 1.1781 1.1949 1.2180 1.2348

GBPUSD

GBP/USD trades around 1.3055 while into the early hours of the European open on Monday. In doing so, the Cable looks to keep its upside momentum for the moment. UK PM Johnson up for Australia-style trade deal if there’s no deal by October 15, pushes Germany to bridge the gap. GBP/USD could find support at 1.3029 and a fall through may take it further to the support level of 1.3008. On the other side, resistance could stand at 1.3077, and a rise through may take it to the next resistance level of 1.3095.
GBPUSD-12-10-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3008 1.3015 1.3022 1.3030 1.3037 1.3045 1.3052
1 WEEK 1.2705 1.2775 1.2911 1.2981 1.3117 1.3187 1.3323
1 MONTH 1.1761 1.2219 1.2567 1.3025 1.3374 1.3831 1.4180

GOLD

Gold prices stay above $1,900, currently down 0.07% to $1,927, while into the European open on Monday. Brexit and COVID-19 woes in Europe raise bars for the risk-takers, which in turn could challenge the gold prices’ further upside. Gold could find support at 1,920.70 and a fall through may take it further to the support level of 1,914.80. On the other side, resistance could stand at 1,933.80, and a rise through may take it to the next resistance level of 1,942.40.
Gold-12-10-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1925.26 1928.93 1932.01 1935.68 1938.76 1942.43 1945.51
1 WEEK 1830.24 1853.67 1889.94 1913.37 1949.64 1973.07 2009.34
1 MONTH 1681.24 1766.62 1829.89 1915.27 1978.54 2063.92 2127.19