USD/JPY

USD/JPY rises further as sluggish data from Japan adds to previous trade-led risk-on. Escalating equities and bond yields offered additional strength to the upside.USD/JPY is expected to find support at 106.08 and a fall through could take it to the support level of 105.84. On the other side, resistance stands at 106.56 and a rise through could take it to the level of 106.72.

USDJPY_30_08_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.10 105.47 105.96 106.32 106.81 107.17 107.66
1 WEEK 103.39 104.33 104.87 105.81 106.35 107.29 107.83
1 MONTH 105.90 106.56 107.68 108.34 109.47 110.12 111.25
 

EURUSD

EUR/USD remains under pressure near 1.1040, as the downside pressure around the single currency remains everything but abated today. The pair remains well on the defensive so far this week on the back of the firm sentiment around the buck, which in turn stays underpinned by the rebound in US yields in response to mitigated concerns on the US-China trade front. EUR/USD is expected to find support at 1.1031 and a fall through could take it further to the support level of 1.1015. On the other side, resistance stands at 1.1058 and a rise through could take it to the next resistance level of 1.1078.

EURUSD_30_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1098 1.1045 1.1038 1.1065 1.1088 1.1115 1.1138
1 WEEK 1.0975 1.1013 1.1078 1.1116 1.1181 1.1219 1.1284
1 MONTH 1.0663 1.0862 1.0967 1.1166 1.1271 1.1470 1.1576
 

GBPUSD

GBP/USD traders shrug-off the UK PM’s readiness to hold biweekly Brexit talks with the EU amid broad political uncertainty at home as the quote is on its way of third consecutive daily declines to 1.2175 in the London open on Friday. GBP/USD is expected to find support at 1.2156 and a fall through could take it to the next support level of 1.2129. On the other side, resistance stands at 1.2211, and a rise through could take it to the next resistance level of 1.2240.

GBPUSD_30_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2099 1.2136 1.2159 1.2196 1.2220 1.2256 1.2280
1 WEEK 1.1903 1.1984 1.2132 1.2213 1.2361 1.2442 1.2590
1 MONTH 1.1360 1.1740 1.1947 1.2327 1.2534 1.2914 1.3121
 

GOLD

Gold is currently trading at $1,526 per Oz, having hit a low of $1,522 earlier today. The yellow metal hit a high and low of $1,550 and $1,520, respectively, on Thursday and ended the day with 0.77% losses, engulfing the price action seen in the preceding two trading days. Gold is expected to find support at 1,519.60 and a fall through could take it to the support level of 1,511.60. On the other side, resistance stands at 1,539.90, and a rise through could take it to the level of 1,546.90.

GOLD_30_08_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1493.50 1511.15 1524.45 1542.10 1555.40 1573.05 1586.35
1 WEEK 1474.84 1488.47 1513.04 1526.67 1551.24 1564.87 1589.44
1 MONTH 1310.29 1347.57 1379.79 1417.07 1449.29 1486.57 1518.79