USDJPY

USD/JPY has inched lower in the Tokyo open after a bitter bid session overnight whereby markets were in a better risk mood. Currently, USD/JPY is trading at 112.19, down from the overnight high of 112.67. USD/JPY is expected to find support at 112.04, and a fall through could take it to the support level of 111.81. On the other side, resistance stands at 112.50, and a rise through could take it to the next resistance level of 112.74.

USDJPY-26-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.04 111.43 111.89 112.28 112.74 113.13 113.59
WEEKLY 110.76 111.19 111.87 112.30 112.98 113.41 114.09
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

EUR/USD fell to 1.1356 yesterday even though the ECB re-affirmed the intention to end asset purchases at year-end, despite Italy’s budget concerns, Brexit stalemate, and recent softer data. An upbeat US Q3 GDP report would only add to the bullish tone around the USD – due today 12:30 GMT. EUR/USD is expected to find support at 1.1344 and a fall through could take it further to the support level of 1.1315. On the other side, resistance stands at 1.1422, and a rise through could take it to the next resistance level of 1.1468.

EURUSD-26-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1266 1.1311 1.1343 1.1388 1.1420 1.1465 1.1497
WEEKLY 1.1235 1.1334 1.1425 1.1524 1.1615 1.1714 1.1805
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD is trading just below 1.2820 heading into Friday’s London market session after a sharp decline yesterday following comments from UK Brexit Secretary who blamed the European Union for the lack of a Brexit deal. GBP/USD is expected to find support at 1.2785 and a fall through could take it to the next support level of 1.2755. On the other side, resistance stands at 1.2869, and a rise through could take it to the next resistance level of 1.2897.

GBPUSD-26-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2652 1.2725 1.2773 1.2846 1.2894 1.2967 1.3015
WEEKLY 1.2751 1.2881 1.2976 1.3106 1.3201 1.3331 1.3426
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Gold prices rose earlier today, after bottoming at $1,228 on Thursday as a US dollar pushed gold prices to the downside during the US session. Gold is expected to find support at the level of 1,229.10 and a fall through could take it to 1,225.44 level. On the other side, resistance stands at 1,236.89, and a rise through could take it to the next resistance level of 1,243.15.

GOLD-26-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1217.70 1224.10 1229.20 1235.60 1240.70 1247.10 1252.20
WEEKLY 1211.14 1216.77 1221.04 1226.67 1230.94 1236.57 1240.84
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34