USDJPY

USD/JPY is trading at five-day low of 107.85, as the pair remains heavy today following an overnight session of Fed speak and FOMC minutes that continue to represent the Fed's caution of rate rises. USD/JPY is expected to find support at 107.70, and a fall through could take it to the support level of 107.00. On the other side, resistance stands at 109.00, and a rise through could take it to the level of 109.50.

  USDJPY-10-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 107.56 107.67 107.74 107.85 107.92 108.03 108.10
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 is trading at 1.1550 up for the second session in a row today, boosted by yesterday’s dovish message from the FOMC EUR/USD is expected to find support at 1.1500 and a fall through could take it further to the support level of 1.1420. On the other side, resistance stands at 1.1570, and a rise through could take it to the next resistance level of 1.1600. 

  EURUSD-10-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1537 1.1543 1.1549 1.1555 1.1560 1.1567 1.1572
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 retraced from the recent highs to 1.2780 with Brexit concerns back in full view after dovish FOMC headlining patience in further hikes saw greenback fall across the board. GBP/USD is expected to find support at 1.2700 and a fall through could take it to the next support level of 1.2675. On the other side, resistance stands at 1.2800, and a rise through could take it to the next resistance level of 1.2850.

  GBPUSD-10-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2758 1.2768 1.2775 1.2785 1.2792 1.2802 1.2810
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 prices edged up in Asia after the U.S. dollar slipped amid growing expectations that the U.S. Federal Reserve would halt its rate tightening cycle in 2019. Gold is expected to find support at the level of 1,287.50 and a fall through could take it to 1,279.90 level. On the other side, resistance stands at 1,296.51, and a rise through could take it to the next resistance level of 1,300.

  Gold-10-01-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1270.66 1275.78 1284.81 1289.93 1298.96 1304.08 1313.11
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