USDJPY

USD/JPY currently trading at 112.50, away from the intraday high of 112.84. The Yen, a safe haven in uncertain times, firmed against the dollar on Tuesday amid further political uncertainty in Europe over Italy’s spending plans. The pair is expected to find support at 112.37, and a fall through could take it to the support level of 112.14. On the other side, resistance stands at 112.81, and a rise through could take it to the next resistance level of 112.97.

USDJPYH-23-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.91 112.13 112.44 112.66 112.97 113.19 113.50
WEEKLY 110.76 111.19 111.87 112.30 112.98 113.41 114.09
MONTHLY 108.15 109.27 111.48 112.60 114.81 115.93 118.14

EURUSD

EUR/USD ended on a weaker note at 1.1464 yesterday, reinforcing the bearish view put forward, as budget deal between Italy and EU is still at stake. EUR/USD, currently trading at 1.1457, is expected to find support at 1.1432 and a fall through could take it further to the support level of 1.1396. On the other side, resistance stands at 1.1491, and a rise through could take it to the next resistance level of 1.1521.

EURUSDH-23-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1336 1.1396 1.1430 1.1490 1.1524 1.1584 1.1618
WEEKLY 1.1235 1.1334 1.1425 1.1524 1.1615 1.1714 1.1805
MONTHLY 1.1193 1.1359 1.1484 1.1650 1.1775 1.1941 1.2066

GBPUSD

GBP/USD is trading just above 1.2962 ahead of Tuesday’s London market session after slipping below the 1.3000 technical handle in Monday’s bearish action. Hopes for a workable Brexit deal are getting dashed on the rocks of reality once again. GBP/USD is expected to find support at 1.2920 and a fall through could take it to the next support level of 1.2900. On the other side, resistance stands at 1.3015, and a rise through could take it to the next resistance level of 1.3060.

GBPUSDH-23-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2785 1.2871 1.2918 1.3004 1.3051 1.3137 1.3184
WEEKLY 1.2751 1.2881 1.2976 1.3106 1.3201 1.3331 1.3426
MONTHLY 1.2266 1.2526 1.2779 1.3039 1.3292 1.3552 1.3805

GOLD

Spot gold has been on the back-foot since the start of the week with Asian stock rebounding lead by Chinese officials jawboning up their markets. Gold fell from 1229 to a low of 1220 on Monday, with most of the hard work accomplished by the bears in European markets, and now is currently trading at 1224.64. Gold is expected to find support at the level of 1,216.15 and a fall through could take it to 1,211.45 level. On the other side, resistance stands at 1,229.61, and a rise through could take it to the next resistance level of 1,233.11.

GOLDH-23-10-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1211.44 1217.17 1221.14 1226.87 1230.84 1236.57 1240.54
WEEKLY 1211.14 1216.77 1221.04 1226.67 1230.94 1236.57 1240.84
MONTHLY 1154.34 1167.17 1179.34 1192.17 1204.34 1217.17 1229.34