USD/JPY

USD/JPY seems to lose upside momentum even if it takes the bids to 106.22 in the European open on Monday. Trade tension between the US and China continues to loom as China is taking diplomatic steps to avoid a further trade war but the Trump administration isn’t in a mood to have a good talk with the dragon nation when they meet, probably, for a trade negotiation some time during this month. USD/JPY is expected to find support at 105.93 and a fall through could take it to the support level of 105.72. On the other side, resistance stands at 106.45 and a rise through could take it to the level of 106.62.

USDJPY_02_09_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.66 105.80 105.97 106.11 106.29 106.42 106.60
1 WEEK 102.71 103.58 104.95 105.82 107.19 108.06 109.43
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83
 

EURUSD

EUR/USD navigates the 1.0990 region on Monday, amidst marginal volatility due to the inactivity in US markets. The pair has managed to rebound from Friday’s yearly lows near 1.0960, although another test/surpass of the critical barrier at 1.10 the figure remains elusive. EUR/USD is expected to find support at 1.0961 and a fall through could take it further to the support level of 1.0948. On the other side, resistance stands at 1.1000 and a rise through could take it to the next resistance level of 1.1025.

EURUSD_02_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0970 1.0977 1.1038 1.0991 1.0998 1.1005 1.1012
1 WEEK 1.0711 1.0837 1.0914 1.1040 1.1117 1.1243 1.1320
1 MONTH 1.0567 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461
 

GBPUSD

GBP/USD recovers from a three-week-old support-line as it takes the bids to 1.2160 in the London open on Monday. The US markets are closed for the day while the UK Manufacturing PMI will decorate the British economic calendar. GBP/USD is expected to find support at 1.2137 and a fall through could take it to the next support level of 1.2116. On the other side, resistance stands at 1.2180, and a rise through could take it to the next resistance level of 1.2198.

GBPUSD_02_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2117 1.2129 1.2144 1.2156 1.2171 1.2183 1.2199
1 WEEK 1.1925 1.2032 1.2095 1.2203 1.2265 1.2372 1.2435
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601
 

GOLD

Gold remains on the back foot despite US-China trade war and geopolitical tension concerning the Middle East and Hong Kong. The yellow metal pulls back from multi-year highs as the USD seesaws around late-2017 highs. Gold is expected to find support at 1,516.10 and a fall through could take it to the support level of 1,510.30. On the other side, resistance stands at 1,528.10, and a rise through could take it to the level of 1,534.00.

GOLD_02_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1526.91 1531.08 1534.56 1538.73 1542.21 1546.38 1549.86
1 WEEK 1475.60 1500.60 1515.00 1540.00 1554.40 1579.40 1593.80
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14