USD/JPY

USD/JPY is currently trading at 105.33 between a range of 105.29 and 105.54, with the bulls in charge and pressuring the pair to test the bear’s commitments at the newly formed resistance. USD/JPY could find support at 105.20 and a fall through may take it further to the support level of 105.06. On the other side, resistance could stand at 105.44, and a rise through may take it to the next resistance level of 105.66.
USDJPY-25-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.88 105.04 105.22 105.38 105.56 105.72 105.90
1 WEEK 101.86 103.06 103.81 105.01 105.76 106.96 107.70
1 MONTH 103.02 104.06 104.98 106.02 106.94 107.98 108.90

EURUSD

EUR/USD is on track to register its first 1% weekly decline since the first week of May. The pair is currently trading at 1.1675, representing a 1.43% decline on a week-to-date basis, having reached a two-month low of 1.1626 on Thursday. The single currency however picked up a bid after IFO data showed that Germany’s business morale improved for the fifth month in a row in September. EUR/USD could find support at 1.1651 and a fall through may take it further to the support level of 1.1632. On the other side, resistance could stand at 1.1694, and a rise through may take it to the next resistance level of 1.1717.
EURUSD-25-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1573 1.1600 1.1636 1.1662 1.1698 1.1724 1.1760
1 WEEK 1.1586 1.1661 1.1749 1.1825 1.1913 1.1989 1.2077
1 MONTH 1.1495 1.1595 1.1765 1.1866 1.2036 1.2137 1.2307

GBPUSD

GBP/USD holds steady around 1.2760, waiting for a fresh impetus. The pair remained side-lined at 1.2763 in the European open, as the bull-bear tug-of-war extends amid a stall in the US dollar’s rally and cautious optimism. GBP/USD could find support at 1.2735 and a fall through may take it further to the support level of 1.2713. On the other side, resistance could stand at 1.2788, and a rise through may take it to the next resistance level of 1.2809.
GBPUSD-25-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2605 1.2647 1.2698 1.2740 1.2791 1.2833 1.2884
1 WEEK 1.2558 1.2667 1.2790 1.2899 1.3023 1.3131 1.3255
1 MONTH 1.2687 1.2834 1.3102 1.3249 1.3517 1.3664 1.3933

GOLD

Gold bears are taking a hiatus amid the US dollar’s pullback from two-month highs. The yellow metal witnessed two-way business and closed on a flat note on Thursday, forming a Doji candle – an indecision sign. The yellow metal is currently trading at $1,869. Gold could find support at 1,857.40 and a fall through may take it further to the support level of 1,849.60. On the other side, resistance could stand at 1,878.10, and a rise through may take it to the next resistance level of 1,886.40.
Gold-25-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1828.40 1839.70 1858.30 1869.60 1888.20 1899.50 1918.10
1 WEEK 1893.34 1915.77 1938.94 1961.37 1984.54 2006.97 2030.14
1 MONTH 1657.14 1765.67 1872.14 1980.67 2087.14 2195.67 2302.14