USD/JPY

USD/JPY holds on to recovery gains above 108.00 ahead of Fed. The US-Japan trade headlines and receding tension from Saudi Arabia help the pair ahead of the key FOMC meeting. USD/JPY is expected to find support at 107.94 and a fall through could take it to the support level of 107.77. On the other side, resistance stands at 108.51 and a rise through could take it to the level of 108.72.

USDJPY-18-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.62 107.82 107.96 108.16 108.29 108.50 108.63
1 WEEK 105.63 106.20 107.14 107.71 108.65 109.22 110.16
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83

EURUSD

EUR/USD managed to regain composure and advance to the current 1.1070 region, where it is facing some moderate resistance. Spot fully recovered on Tuesday the negative start of the day recorded on Monday, although the 1.1070/80 band still stands as quite a relevant hurdle this week. EUR/USD is expected to find support at 1.1028 and a fall through could take it further to the support level of 1.1011. On the other side, resistance stands at 1.1080 and a rise through could take it to the next resistance level of 1.1110.

EURUSD-18-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0933 1.0962 1.1018 1.1047 1.1103 1.1132 1.1189
1 WEEK 1.0781 1.0854 1.0965 1.1038 1.1149 1.1222 1.1333
1 MONTH 1.0597 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461

GBPUSD

GBP/USD run-up to two-month high failed to prevail for long as the quote declines to 1.2470 in the European session open on Wednesday. The pair has been retreating from the highs as markets await UK inflation figures – which are projected to slow down. The critical Fed decision is eyed later in the day. GBP/USD is expected to find support at 1.2427 and a fall through could take it to the next support level of 1.2405. On the other side, resistance stands at 1.2515, and a rise through could take it to the next resistance level of 1.2529.

GBPUSD-18-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2289 1.2341 1.2422 1.2474 1.2555 1.2607 1.2688
1 WEEK 1.2044 1.2138 1.2320 1.2414 1.2596 1.2690 1.2872
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601

GOLD

Gold seesaws around $1,500 with all eyes on FOMC. With the global traders on a wait and see approach ahead of the key event, Gold offers fewer moves while taking rounds to $1,500 during Wednesday’s session. Gold is expected to find support at 1,493.90 and a fall through could take it to the support level of 1,489.30. On the other side, resistance stands at 1,506.80, and a rise through could take it to the level of 1,510.70.

Gold-18-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1487.51 1494.28 1501.41 1508.18 1515.31 1522.08 1529.21
1 WEEK 1443.56 1467.83 1483.66 1507.97 1523.76 1548.03 1563.86
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14