USD/JPY

USD/JPY holding in a narrow range of between a low of 108.64 and 108.76 so far. The pair is currently trading at 108.72 stuck in a tight range so far on a relatively quiet session. Markets were indeed dominated by Brexit headlines, snippets here and there of trade-related headlines and US data were mixed. USD/JPY is expected to find support at 108.56 and a fall through could take it to the support level of 108.44. On the other side, resistance stands at 108.87 and a rise through could take it to the level of 109.00.

USDJPY_17_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.27 108.42 108.55 108.70 108.83 108.98 109.12
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 is drifting off the highs and trades below 1.1100. Despite benefiting from downbeat US data and shift in ECB policymakers’ bias, the pair stays below key resistance-zone and is taking rounds to 1.1070 in Thursday’s European open. EUR/USD is expected to find support at 1.1055 and a fall through could take it further to the support level of 1.1036. On the other side, resistance stands at 1.1084 and a rise through could take it to the next resistance level of 1.1100.

EURUSD_17_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0974 1.0998 1.1037 1.1061 1.1100 1.1124 1.1162
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/UDS is trading below 1.28, down on the day. The DUP has issued a statement rejecting critical elements of the deal while UK PM Johnson continues negotiating with lawmakers in London and finalizing details in Brussels ahead of today’s EU Summit. GBP/USD is expected to find support at 1.2702 and a fall through could take it to the next support level of 1.2653. On the other side, resistance stands at 1.2829, and a rise through could take it to the next resistance level of 1.2876.

GBPUSD_17_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2475 1.2565 1.2692 1.2783 1.2910 1.3001 1.3128
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 prices have come into their own again amidst continued geopolitical angst. Gold is currently trading at $1,490 per Oz, representing 0.13% losses on the day, having hit a high of $1,493 in the session so far. The metal has come under pressure despite the signs of risk aversion in the global markets. Gold is expected to find support at 1,486.50 and a fall through could take it to the support level of 1,482.70. On the other side, resistance stands at 1,494.80, and a rise through could take it to the level of 1,498.30.

Gold_17_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1469.95 1475.35 1484.55 1489.95 1499.15 1504.55 1513.75
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