USD/JPY

USD/JPY rises to 109.86, following the uptick to an intra-day high of 109.91, during the early Friday. In doing so, the quote recovers the previous day’s losses while taking a U-turn from 50-bar SMA. USD/JPY is expected to find support at 109.68 and a fall through could take it to the support level of 109.42. On the other side, resistance stands at 109.90 and a rise through could take it to the level of 110.16.

USDJPY_14_02_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 109.22 109.42 109.59 109.79 109.97 110.16 110.34
1 WEEK 106.99 107.66 108.69 109.36 110.39 111.06 112.28
1 MONTH 104.60 106.12 107.26 108.78 109.92 111.44 112.58

EURUSD

EUR/USD is trading below 1.0850, close to the lowest since April 2017. Germany reported 0% growth in Q4 2019, worse than expected. Coronavirus headlines and US consumer figures are on the agenda. EUR/USD is expected to find support at 1.0821 and a fall through could take it further to the support level of 1.0800. On the other side, resistance stands at 1.0863 and a rise through could take it to the next resistance level of 1.0887.

EURUSD_14_02_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0767 1.0800 1.0821 1.0855 1.0876 1.0910 1.0930
1 WEEK 1.0738 1.0840 1.0893 1.0995 1.1048 1.1150 1.1203
1 MONTH 1.0747 1.0869 1.0982 1.1104 1.1217 1.1339 1.1452

GBPUSD

GBP/USD is trading around 1.3050, consolidating its gains after UK PM Johnson nominated Sunak as Chancellor instead of Javid, potentially directing fiscal stimulus. Brexit concerns and coronavirus developments are in play. GBP/USD is expected to find support at 1.3017 and a fall through could take it to the next support level of 1.2986. On the other side, resistance stands at 1.3084 and a rise through could take it to the next resistance level of 1.3100.

GBPUSD_14_02_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2846 1.2894 1.2971 1.3020 1.3095 1.3145 1.3220
1 WEEK 1.2443 1.2662 1.2778 1.2997 1.3113 1.3332 1.3448
1 MONTH 1.2684 1.2818 1.3009 1.3143 1.3334 1.3468 1.3659

GOLD

Gold is trapped in a narrowing price range on the 4-hour chart. The yellow metal holds onto recovery gains near the eight-day top. Risk-tone keeps dwindling amid coronavirus fears, political headlines and broadly strong US dollar. Gold is expected to find support at 1,571.20 and a fall through could take it to the support level of 1,566.10. On the other side, resistance stands at 1,579.60, and a rise through could take it to the level of 1,583.70.

Gold_14_02_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1565.20 1568.65 1574.45 1577.90 1583.70 1587.15 1592.95
1 WEEK 1500.84 1524.27 1530.64 1569.87 1592.04 1615.47 1637.64
1 MONTH 1437.04 1478.37 1530.64 1571.97 1624.24 1665.57 1717.84