USD/JPY

USD/JPY is starting out around 109.91 having travelled south from a high of 110.01 and printing a low of 109.81 below a doji printed on the closing candle after yesterday’s US session close. Markets wait for the signing of the trade deal between US and China. USD/JPY is expected to find support at 109.65 and a fall through could take it to the support level of 109.42. On the other side, resistance stands at 110.14 and a rise through could take it to the level of 110.34.

USDJPY_15_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 109.32 109.57 109.71 109.96 110.10 110.35 110.49
1 WEEK 106.12 106.88 108.18 108.94 110.24 111.00 112.30
1 MONTH 106.80 107.61 108.11 108.92 109.42 110.23 110.73

EURUSD

EUR/USD has been stuck in a bearish channel amid EU-US trade war talk. EUR/USD has regained some poise in the last 12 hours or so but is still trapped in a bearish channel amid the increasing fears of the EU-US trade war. The euro, however, may find some love if the Eurozone Industrial Production data blows past expectations. EUR/USD is expected to find support at 1.1120 and a fall through could take it further to the support level of 1.1103. On the other side, resistance stands at 1.1144 and a rise through could take it to the next resistance level of 1.1157.

EURUSD_15_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1066 1.1085 1.1107 1.1126 1.1147 1.1167 1.1188
1 WEEK 1.0945 1.1015 1.1068 1.1138 1.1191 1.1261 1.1314
1 MONTH 1.0825 1.0914 1.1063 1.1152 1.1301 1.1390 1.1539

GBPUSD

GBP/USD looks to extend the bounce towards 1.3050 ahead of the UK CPI report, as broad-based US dollar weakness and bullish technical set up underpin the sentiment around the spot. GBP/USD is expected to find support at 1.3000 and a fall through could take it to the next support level of 1.2973. On the other side, resistance stands at 1.3055 and a rise through could take it to the next resistance level of 1.3082.

GBPUSD_15_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2894 1.2924 1.2973 1.303 1.3052 1.3082 1.3131
1 WEEK 1.2779 1.2896 1.2979 1.3096 1.3179 1.3296 1.3379
1 MONTH 1.2312 1.2604 1.2932 1.3224 1.3552 1.3844 1.4172

GOLD

Gold cheers pre-US-China trade deal signing cautiousness. The yellow metal is currently trading at $1,551 per Oz, having clocked a low of $1,536 on Tuesday. Gold is expected to find support at 1,544.10 and a fall through could take it to the support level of 1,537.70. On the other side, resistance stands at 1,557.60, and a rise through could take it to the level of 1,563.10.

Gold_15_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1524.40 1530.40 1537.50 1543.50 1550.60 1556.60 1563.70
1 WEEK 1457.34 1499.17 1529.64 1571.47 1601.94 1643.77 1674.24
1 MONTH 1409.74 1434.77 1478.94 1503.97 1548.14 1573.17 1617.34