USDJPY

USD/JPY has remained within familiar ranges but was down to test the key support level at 111.65 on the trade tariff announcements. But in today’s session, the dollar has strengthened against the yen and the pair is currently trading at 111.98 pushing towards the 112.00 level. USD/JPY is expected to find support at 111.57, and a fall through could take it to the support level of 111.23. On the other side, resistance stands at 112.20, and a rise through could take it to the next resistance level of 112.51.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.09 111.38 111.54 111.83 111.99 112.28 112.44
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 has moved upwards reaching slightly over the 1.17 handle, supported by the new US tariffs on Chinese goods. The move might continue if the ECB President Draghi downplays the trade tensions and reiterates that the QE program will likely end in December. EUR/USD is expected to find support at 1.1666 and a fall through could take it further to the support level of 1.1623. 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 1.1547 1.1583 1.1626 1.1662 1.1705 1.1741 1.1784
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/USD have reached as high 1.3160 ahead of London's market open after further tariffs in the US-China trade war are set to come into effect on September 24th and broader risk sentiment has struck a cautious tone awaiting reactions from China. The pair is expected to find support at 1.3069 level and a fall through could take it to the next support level of 1.3040. On the other side, resistance stands at 1.3200, and a rise through could take it to the next resistance level of 1.3221.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2994 1.3032 1.3089 1.3127 1.3184 1.3222 1.3279
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 have reached lower the $1,200 level on Tuesday despite reports that the U.S. is slapping 10% tariffs on $200 billion in Chinese goods. 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. Gold is expected to find support at the level of 1,193.65 and a fall through could take it to 1,188.22 level. On the other side, resistance stands at 1,202.21, and a rise through could take it to the next resistance level of 1,206.52.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1185.10 1191.30 1197.20 1203.40 1209.30 1215.50 1221.40
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