USD/JPY

USD/JPY climbed to fresh six-week tops in the last hour, with bulls now eyeing a move towards reclaiming the 108.00 round figure mark. The recent optimism over the resumption of the US-China trade talks remained supportive of improving global risk sentiment and eventually weighed on the Japanese Yen’s relative safe-haven status. USD/JPY is expected to find support at 107.48 and a fall through could take it to the support level of 107.25. On the other side, resistance stands at 107.90 and a rise through could take it to the level of 108.20.

USDJPY-11-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.90 107.05 107.34 107.48 107.77 107.91 108.20
1 WEEK 104.53 105.13 106.03 106.63 107.53 108.13 109.03
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83

EURUSD

EUR/USD is prolonging the multi-session side-line theme around the 1.1050 region amidst increasing cautiousness ahead of the ECB event on Thursday. ECB is expected to unveil a package of looser monetary conditions tomorrow aimed to lift inflation pressures in the region and fight the economic slowdown. EUR/USD is expected to find support at 1.1029 and a fall through could take it further to the support level of 1.1014. On the other side, resistance stands at 1.1062 and a rise through could take it to the next resistance level of 1.1081.

EURUSD-11-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1005 1.1018 1.1034 1.1047 1.1064 1.1076 1.1093
1 WEEK 1.0782 1.0854 1.0942 1.1014 1.1102 1.1174 1.1262
1 MONTH 1.0597 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461

GBPUSD

GBP/USD consolidates recent gains with all eyes on the bi-weekly Brexit talks. Political plays surrounding the departure and the Prime Minister’s future keep the pair under pressure while flashing 1.2350 on the chart in the European open on Wednesday. GBP/USD is expected to find support at 1.2304 and a fall through could take it to the next support level of 1.2261. On the other side, resistance stands at 1.2390, and a rise through could take it to the next resistance level of 1.2417.

GBPUSD-11-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2247 1.2277 1.2317 1.2347 1.2387 1.2417 1.2457
1 WEEK 1.1646 1.1802 1.2042 1.2198 1.2438 1.2594 1.2834
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601

GOLD

Gold recently witnessed downside pressure after the US and Chinese leaders agreed for the much-awaited trade talks, to be held in October. Also weighing on the sentiment is the US Dollar strength amid a lack of major data and ahead of the expectedly dovish European Central Bank meeting. Gold is expected to find support at 1,484.10 and a fall through could take it to the support level of 1,479.20. On the other side, resistance stands at 1,500.00, and a rise through could take it to the level of 1,505.10.

Gold-11-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1472.45 1482.55 1488.75 1498.85 1505.05 1515.15 1521.35
1 WEEK 1439.90 1475.30 1495.40 1530.80 1550.90 1586.30 1606.40
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14