USD/JPY

USD/JPY is better bid amid losses in the Asian equities. The anti-risk Japanese Yen has come under pressure in the last couple of hours. The uptick in the USD/JPY could be associated with the developments on the technical charts. USD/JPY is expected to find support at 104.84 and a fall through could take it to the support level of 104.57. On the other side, resistance stands at 105.87 and a rise through could take it to the level of 106.28.

USDJPY_13_08_19.png

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.57 104.81 105.10 105.34 105.63 105.87 106.16
1 WEEK 103.13 104.20 104.94 106.01 106.75 107.82 108.56
1 MONTH 105.90 106.56 107.68 108.34 109.47 110.12 111.25



EURUSD

EUR/USD is eroding part of yesterday’s gains and it’s currently trading in the 1.1185/90 band. The pair trades on the defensive so far on Tuesday on the back of the continuation of the rebound in the demand for the Greenback, and always against the backdrop of declining yields and unremitting ‘flight-to-safety’ stance in the global markets. EUR/USD is expected to find support at 1.1172 and a fall through could take it further to the support level of 1.1155. On the other side, resistance stands at 1.1218 and a rise through could take it to the next resistance level of 1.1241.

EURUSD_13_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1108 1.1135 1.1176 1.1203 1.1244 1.1271 1.1312
1 WEEK 1.0971 1.1037 1.1119 1.1185 1.1267 1.1333 1.1415
1 MONTH 1.0663 1.0862 1.0967 1.1166 1.1271 1.1470 1.1576



GBPUSD

GBP/USD fails to carry earlier recovery forward amid Brexit and political uncertainty. The US Dollar recovery on the back of the latest risk-on also supports the pullback. The latest improvement in the market’s risk tone was caused by the absence of escalation in Hong Kong protests. GBP/USD is expected to find support at 1.2026 and a fall through could take it to the next support level of 1.2013. On the other side, resistance stands at 1.2081, and a rise through could take it to the next resistance level of 1.2100.

GBPUSD_13_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1942 1.1980 1.2029 1.2067 1.2116 1.2154 1.2204
1 WEEK 1.1785 1.1905 1.1971 1.2091 1.2157 1.2277 1.2343
1 MONTH 1.1360 1.1740 1.1947 1.2327 1.2534 1.2914 1.3121



GOLD

Gold extends its bullish momentum into a second straight day on Tuesday, having found a strong support near $ 1500 mark a day before. The yellow metal sits at the highest level since April 2013 at $1,525.00 band, as investors flock to safety amid mounting risks over several global factors such as escalating tensions around Hong Kong demonstrations, Argentine currency crash, Italian political risks and global economic slowdown. Gold is expected to find support at 1,513.60 and a fall through could take it to the support level of 1,500.00. On the other side, resistance stands at 1,536.20, and a rise through could take it to the level of 1,548.90.

GOLD_13_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1473.79 1486.57 1504.99 1517.77 1536.19 1548.97 1567.39
1 WEEK 1390.06 1419.43 1463.96 1493.33 1537.86 1567.23 1611.76
1 MONTH 1310.29 1347.57 1379.79 1417.07 1449.29 1486.57 1518.79