USD/JPY
USD/JPY is seen treading water around 108.75 region, as a sense of caution prevails in Monday’s trading amid escalating Hong Kong violence. Meanwhile, the US-China trade negotiations continue to remain the central focus, with mixed messages delivered by both sides last week. USD/JPY is expected to find support at 108.74 and a fall through could take it to the support level of 108.58. On the other side, resistance stands at 109.04 and a rise through could take it to the level of 109.18.

TIME FRAME | S3 | S2 | S1 | PIVOT POINT | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
1 DAY | 108.46 | 108.56 | 108.63 | 108.73 | 108.79 | 108.90 | 108.96 |
1 WEEK | 107.17 | 107.71 | 108.23 | 108.77 | 109.29 | 109.83 | 110.35 |
1 MONTH | 103.76 | 105.15 | 107.62 | 107.94 | 109.40 | 110.76 | 112.22 |
EURUSD
EUR/USD is seen building on its last week’ s recovery above the 1.1050 level, having hit weekly highs at 1.1065 on mild US dollar weakness across the board. The US and China held high-level talks over the weekend and hailed them as "constructive." Several ECB members speak today. EUR/USD is expected to find support at 1.1048 and a fall through could take it further to the support level of 1.1034. On the other side, resistance stands at 1.1073 and a rise through could take it to the next resistance level of 1.1086.

TIME FRAME | S3 | S2 | S1 | PIVOT POINT | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
1 DAY | 1.1042 | 1.1045 | 1.1049 | 1.1052 | 1.1056 | 1.1059 | 1.1063 |
1 WEEK | 1.0937 | 1.0963 | 1.1007 | 1.1033 | 1.1077 | 1.1103 | 1.1147 |
1 MONTH | 1.0659 | 1.0769 | 1.0961 | 1.1071 | 1.1263 | 1.1373 | 1.1565 |
GBPUSD
GBP/USD is trading around 1.2950, extending its gains. The Conservatives have been extending their gains in polls. PM Johnson and opposition leader Corbyn will address a business conference today. GBP/USD is expected to find support at 1.2925 and a fall through could take it to the next support level of 1.2900. On the other side, resistance stands at 1.2963 and a rise through could take it to the next resistance level of 1.2985.

TIME FRAME | S3 | S2 | S1 | PIVOT POINT | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
1 DAY | 1.2892 | 1.2900 | 1.2910 | 1.2919 | 1.2929 | 1.2938 | 1.2948 |
1 WEEK | 1.2670 | 1.2724 | 1.2813 | 1.2867 | 1.2956 | 1.3010 | 1.3099 |
1 MONTH | 1.1601 | 1.1898 | 1.2420 | 1.2717 | 1.3239 | 1.3536 | 1.4058 |
GOLD
Gold takes rounds to $1,468 during early Monday morning with US-China trade optimism confronting geopolitical tension concerning Hong Kong and Iran. Recently mixed messages from the global central bankers add to the safe-haven moves. Gold is expected to find support at 1,459.10 and a fall through could take it to the support level of 1,456.90. On the other side, resistance stands at 1,467.30, and a rise through could take it to the level of 1,471.20.

TIME FRAME | S3 | S2 | S1 | PIVOT POINT | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
1 DAY | 1466.00 | 1466.95 | 1468.25 | 1469.20 | 1470.50 | 1471.45 | 1472.75 |
1 WEEK | 1422.00 | 1434.10 | 1451.30 | 1463.40 | 1480.60 | 1492.70 | 1509.90 |
1 MONTH | 1417.14 | 1441.07 | 1477.94 | 1501.87 | 1538.74 | 1562.67 | 1599.54 |