USD/JPY

USD/JPY traded with a mild positive bias so far on Tuesday and remained well within the striking distance of the overnight swing high. Following a bearish gap opening at the start of a new trading week, the pair managed to regain positive traction and rallied around 80-pips from an intraday low level of 106.65. USD/JPY is expected to find support at 107.15 and a fall through could take it to the support level of 106.89. On the other side, resistance stands at 107.58 and a rise through could take it to the level of 107.76.

USDJPY_08_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.04 106.37 106.80 107.13 107.57 107.89 108.33
1 WEEK 104.14 105.31 106.13 107.30 108.12 109.29 110.89
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89

EURUSD

EUR/USD posted marginal losses on Monday, ending a four-day winning streak, which was the longest since June. The pair today, broke the Asian consolidative mode to the upside and reached session highs near 1.0985 region, as the mixed German Industrial Production data failed to deter the EUR bulls amid a broadly subdued US dollar. EUR/USD is expected to find support at 1.0961 and a fall through could take it further to the support level of 1.0947. On the other side, resistance stands at 1.1000 and a rise through could take it to the next resistance level of 1.1016.

EURUSD_08_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0918 1.0940 1.0956 1.0978 1.0994 1.1016 1.1032
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/USD lacked any firm directional bias and was seen oscillating in a narrow trading band, just below the 1.2300 handle through the Asian session on Tuesday. A subdued USD demand seemed to be the only factor lending some support to the pair. GBP/USD is expected to find support at 1.2274 and a fall through could take it to the next support level of 1.2258. On the other side, resistance stands at 1.2319, and a rise through could take it to the next resistance level of 1.2340.

GBPUSD_08_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2217 1.2251 1.2269 1.2303 1.2321 1.2355 1.2373
1 WEEK 1.2015 1.2111 1.2222 1.2318 1.2429 1.2525 1.2636
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220

GOLD

Gold added to the previous session’s losses and dropped to near one-week lows during the early session on Tuesday, albeit managed to recover a bit thereafter. The precious metal failed to capitalize on last week’s solid rebound from two-month lows and came under some renewed selling pressure on the first day of a new trading week as a goodish pickup in the US Treasury bond yields provided a modest lift to the US Dollar. Gold is expected to find support at 1,483.50 and a fall through could take it to the support level of 1,478.30. On the other side, resistance stands at 1,494.50, and a rise through could take it to the level of 1,500.00.

Gold_08_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1467.59 1480.52 1488.99 1501.92 1510.39 1523.32 1531.79
1 WEEK 1415.86 1440.43 1476.66 1501.23 1537.46 1562.03 1598.26
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60