Technical Analysis

BOJ Hold the rate unchanged, markets focus on ECB Draghi Speech-UK CPI

Published on 2018-09-19 09:46 Share
GBPUSD

USDJPY

The BOJ rate decision has turned out to be a non-event for the markets. The central bank held rates unchanged at -0.1 percent and more importantly, left unchanged the forward guidance that interest rates will remain extremely low for an extended period. Support Stands at 112.20 and a brek below migh challenge 112.00 handle. On the other side, resistance stands at 112.45, and a rise through could take it to the next resistance level of 113.00.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.10 111.38 111.83 112.11 112.56 112.84 113.29
WEEKLY 109.92 110.39 111.23 111.70 112.54 113.01 113.85
MONTHLY 107.44 108.61 109.82 110.99 112.20 113.37 114.58
 

EURUSD

EUR/USD retraced during the Asian session back below 1.17 handle. Support stands at 1.1650 and a break below might lead to 1.1600. On the other side, resistance stands at 1.1720, and a rise through could take it to the next resistance level of 1.1751.

 EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1577 1.1615 1.1647 1.1685 1.1717 1.1755 1.1787
WEEKLY 1.1332 1.1429 1.1530 1.1627 1.1728 1.1825 1.1926
MONTHLY 1.0919 1.1109 1.1355 1.1545 1.1791 1.1981 1.2227
 

GBPUSD

GBP/is testing into 1.3150 after slipping away from the current week's highs but remains close by as improving Brexit sentiment bolsters the Sterling ahead of Wednesday's UK CPI reading. Support stands at 1.3115 level and a fall through could take it to the next support level of 1.3100. On the other side, resistance stands at 1.3175, and a rise through could take it to the next resistance level of 1.3200.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3077 1.3098 1.3133 1.3154 1.3189 1.3210 1.3245
WEEKLY 1.2682 1.2789 1.2929 1.3036 1.3176 1.3283 1.3423
MONTHLY 1.2217 1.2440 1.2701 1.2924 1.3185 1.3408 1.3669
 

GOLD

Gold prices are trading above 1200 significant support level. Gold prices were under pressure in recent months despite intensifying trade tensions between the U.S. and its trade partners, as investors turned to the dollar for safety. Support stands at 1200 and a break below might lead to the weekly lows 1190. On the other side resistance stands 1208 and a break above might indicate upside movement towards 1215.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1192.30 1196.30 1200.20 1204.20 1208.10 1212.10 1216.00
WEEKLY 1174.00 1182.20 1188.60 1196.80 1203.20 1211.40 1217.80
MONTHLY 1104.26 1132.83 1166.56 1195.13 1228.86 1257.43 1291.16

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