USD/JPY

USD/JPY met with some fresh supply on Monday and extended the previous session's late pullback from over one-week tops - levels beyond the 108.00 round-figure mark. Mixed trade-related headlines benefitted the JPY’s safe-haven status and exerted some pressure, while subdued USD demand does little to impress bulls, but stronger Chinese data helped limit the downside. USD/JPY is expected to find support at 107.69 and a fall through could take it to the support level of 107.52. On the other side, resistance stands at 108.00 and a rise through could take it to the level of 108.17.

USDJPY_30_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.73 107.79 107.88 107.94 108.02 108.09 108.17
1 WEEK 105.99 106.48 107.21 107.70 108.43 108.92 109.65
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83
 

EURUSD

EUR/USD has started the week on a positive footing and advances to session highs beyond 1.0940. the pair is adding to Friday’s gains and is extending the rebound from fresh 2019 lows in levels just above 1.09 the figure, always on the back of the ongoing correction lower in the Greenback. EUR/USD is expected to find support at 1.0914 and a fall through could take it further to the support level of 1.1005. On the other side, resistance stands at 1.0960 and a rise through could take it to the next resistance level of 1.0903.

EURUSD_30_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0931 1.0935 1.0939 1.0943 1.0947 1.0951 1.0955
1 WEEK 1.0764 1.0834 1.0886 1.0956 1.1008 1.1078 1.1130
1 MONTH 1.0597 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461
 

GBPUSD

GBP/USD seesaws near three-week low as odds of no-deal Brexit increase. PM Johnson is under fire for alleged sexual misconduct as the opposition meets to discuss the next steps. UK GDP is set to confirm Q2 contraction. GBP/USD is expected to find support at 1.2266 and a fall through could take it to the next support level of 1.2248. On the other side, resistance stands at 1.2332, and a rise through could take it to the next resistance level of 1.2359

GBPUSD_30_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2265 1.2277 1.2285 1.2297 1.2304 1.2317 1.2324
1 WEEK 1.1972 1.2121 1.2205 1.2354 1.2438 1.2587 1.2671
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601
 

GOLD

Gold is currently trading at $1,493 per Oz, representing a 1.8% drop from Sept. 1’s opening price of $1,523. Gold is steady in the open at the start of this week, consolidating pressures from above. The yellow metal has suffered on speculative paring as geopolitical risks subside a touch, enabling risk-on assets some airplay. Gold is expected to find support at 1,483.50 and a fall through could take it to the support level of 1,479.60. On the other side, resistance stands at 1,1496.20, and a rise through could take it to the level of 1,500.40.

GOLD_30_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1494.65 1497.95 1500.35 1503.65 1506.05 1509.35 1511.75
1 WEEK 1435.36 1464.33 1485.36 1514.33 1535.36 1564.33 1585.36
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14