USD/JPY

USD/JPY traded near an eight-month high on Friday as renewed concerns about the U.S.-China trade dispute and signs that central banks are more worried about the global economy boosted safe-haven assets. USD/JPY is expected to find support at 105.51 and a fall through could take it to the support level of 105.24. On the other side, resistance stands at 106.35 and a rise through could take it to the level of 106.67.

USDJPY_09_08_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.08 105.40 105.65 105.97 106.22 106.54 106.79
1 WEEK 102.78 104.64 105.61 107.47 108.44 110.30 111.27
1 MONTH 105.90 106.56 107.68 108.34 109.47 110.12 111.25


EURUSD

EUR/USD remained side-lined around the 1.1200 neighbourhood for the time being. Following the move to weekly tops around 1.1250 in past days, the pair has sparked a correction lower with to the 1.1200 area with clear support in the 1.1180 region so far. EUR/USD is expected to find support at 1.1166 and a fall through could take it further to the support level of 1.1142. On the other side, resistance stands at 1.1226 and a rise through could take it to the next resistance level of 1.1248.

EURUSD_09_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1116 1.1147 1.1167 1.1198 1.1218 1.1249 1.1269
1 WEEK 1.0899 1.0963 1.1036 1.1100 1.1173 1.1237 1.1310
1 MONTH 1.0663 1.0862 1.0967 1.1166 1.1271 1.1470 1.1576


GBPUSD

Gold prices have stalled as markets take a rest bite towards the close of the week, running out of buyers. The market awaits another catalyst from the trade wars to see how far lower yields is possible to move which should send gold on another journey to the upside. Gold is expected to find support at 1,493.20 and a fall through could take it to the support level of 1,484.10. On the other side, resistance stands at 1,513.40, and a rise through could take it to the level of 1,524.10.

GBPUSD_09_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2013 1.2054 1.2099 1.2141 1.2186 1.2228 1.2273
1 WEEK 1.1717 1.1898 1.2027 1.2208 1.2337 1.2518 1.2647
1 MONTH 1.1360 1.1740 1.1947 1.2327 1.2534 1.2914 1.3121


GOLD

Gold lacked any firm directional bias on Thursday and seesawed between tepid gains/minor losses, consolidating the recent upsurge to fresh multi-year tops. Against the backdrop of the recent escalation in the US-China trade tensions, growing pessimism over the global economic growth outlook provided a strong boost to traditional safe-haven assets. Gold is expected to find support at 1,484.70 and a fall through could take it to the support level of 1,472.50. On the other side, resistance stands at 1,510.10, and a rise through could take it to the level of 1,520.80.

GOLD_09_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1487.81 1493.23 1504.46 1512.88 1524.11 1532.53 1543.76
1 WEEK 1375.96 1394.03 1425.76 1443.83 1475.56 1493.63 1525.36
1 MONTH 1310.29 1347.57 1379.79 1417.07 1449.29 1486.57 1518.79