USD/JPY

USD/JPY struggled to build on its goodish intraday bounce of around 40-pips from the weekly bearish gap opening lows and remained in the negative territory, below the 108.00 handle. The safe-haven Japanese Yen got a strong boost at the start of a new trading week in reaction to escalating geopolitical tensions in the Middle East. USD/JPY is expected to find support at 107.62 and a fall through could take it to the support level of 107.46. On the other side, resistance stands at 108.07 and a rise through could take it to the level of 108.25.

USDJPY_16_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.85 107.16 107.46 107.77 108.07 108.38 108.68
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 alternates gains with losses in the 1.1070 region. The pair is navigating the 1.1070/60 band so far on Monday, coming under some renewed selling pressure after hitting fresh tops beyond 1.1100 the figure in the wake of the ECB event in the second half of last week. EUR/USD is expected to find support at 1.1045 and a fall through could take it further to the support level of 1.1026. On the other side, resistance stands at 1.1095 and a rise through could take it to the next resistance level of 1.1108.

EURUSD_16_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1048 1.1059 1.1071 1.1082 1.1094 1.1105 1.1116
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 fails to sustain the upside on 1.2500 as geopolitical risks weigh. The pair is seen on a steady decline so far this Monday, with the risk-sentiment dented by the Middle-East tensions that weighed negatively on the higher-yielding GBP. GBP/USD is expected to find support at 1.2415 and a fall through could take it to the next support level of 1.2389. On the other side, resistance stands at 1.2490, and a rise through could take it to the next resistance level of 1.2512.

GBPUSD_16_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2443 1.2459 1.2478 1.2494 1.2512 1.2529 1.2547
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 prices have shot higher in the open this week due to the increased tensions in the Middle East following the attack on Saudi Arabia’s oil and gas facilities. Gold spikes to $1,506 from $1,488.75 the low on Saudi Arabia headlines. Gold is expected to find support at 1,495.80 and a fall through could take it to the support level of 1,488.90. On the other side, resistance stands at 1,511.40, and a rise through could take it to the level of 1,517.70.

Gold_16_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1481.86 1488.93 1501.31 1508.38 1520.76 1527.83 1540.21
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