USDJPY

USD/JPY remained in the 108.80 level, now trading at 108.84, despite the sustained risk-on action in the equity markets and an uptick in the treasury yields. USD/JPY is expected to find support at 108.24, and a fall through could take it to the support level of 107.70. On the other side, resistance stands at 109.30, and a rise through could take it to the level of 109.63.

USDJPY-09-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 107.80 108.12 108.44 108.76 109.08 109.40 109.71
WEEKLY 100.06 102.53 105.53 108.00 111.00 113.47 116.47
MONTHLY 103.83 106.69 108.14 111.00 112.45 115.31 116.76

 

EURUSD

EUR/USD reported moderate gains in Asia, currently trading at 1.1463. Growing optimism of a US-China trade deal likely added to the bearish tone around the dollar, however, the December FOMC Minutes, scheduled for release at 19:00 GMT, will weigh in on the pair. EUR/USD is expected to find support at 1.1440 and a fall through could take it further to the support level of 1.1416. On the other side, resistance stands at 1.1480, and a rise through could take it to the next resistance level of 1.1514. 

EURUSD-09-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1362 1.1392 1.1424 1.1455 1.1487 1.1518 1.1550
WEEKLY 1.1049 1.1179 1.1287 1.1417 1.1525 1.1655 1.1762
MONTHLY 1.1111 1.1189 1.1330 1.1408 1.1549 1.1627 1.1768

 

GBPUSD

GBP/USD is trading at 1.2737 in today’s session as global markets continue to lean towards the risk-on side. While broader markets await trade talk conclusions, Brexit continues to weigh on the Pound, with UK's House of Commons vote on January 14th. GBP/USD is expected to find support at 1.2705 and a fall through could take it to the next support level of 1.2678. On the other side, resistance stands at 1.2784, and a rise through could take it to the next resistance level of 1.2815.

GBPUSD-09-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2608 1.2657 1.2698 1.2747 1.2787 1.2837 1.2877
WEEKLY 1.2133 1.2286 1.2508 1.2661 1.2884 1.3036 1.3259
MONTHLY 1.2179 1.2328 1.2543 1.2692 1.2907 1.3056 1.3271

 

GOLD

Gold, a hedge for financial and political troubles, fell a touch on Tuesday, currently trading at 1,282.25, virtually erasing Monday's gains. Gold is expected to find support at the level of 1,276.50 and a fall through could take it to 1,270.90 level. On the other side, resistance stands at 1,288.51, and a rise through could take it to the next resistance level of 1,295.35.

Gold-09-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1269.60 1274.95 1280.55 1285.90 1291.50 1296.85 1302.45
WEEKLY 1254.30 1266.25 1276.45 1288.40 1298.60 1310.55 1320.75
MONTHLY 1183.20 1204.90 1243.10 1264.80 1303.00 1324.70 1362.90