USD/JPY

USD/JPY is currently trading in the 108.60s in a tight spot and touch away from the 200-day moving average as risk appetite kicks in again. Overnight, USD/JPY made a three-month high at 108.94 before slipping to 108.55 and resting there for the Asian session. USD/JPY is expected to find support at 108.31 and a fall through could take it to the support level of 108.12. On the other side, resistance stands at 108.77 and a rise through could take it to the level of 108.93.

USDJPY-18-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.93 108.20 108.39 108.66 108.85 109.12 109.31
1 WEEK 105.06 105.81 107.12 107.87 109.18 109.93 111.24
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89
 

EURUSD

EUR/USD is currently trading just below the 100-day MA of 1.1137, after rallying by 0.48% on Thursday on the news that the UK and European Union's negotiating teams have reached a Brexit withdrawal agreement. The rally, however, stalled in the overnight trade, possibly due to fears that the agreement could be rejected by the UK parliament. EUR/USD is expected to find support at 1.1100 and a fall through could take it further to the support level of 1.1079. On the other side, resistance stands at 1.1137 and a rise through could take it to the next resistance level of 1.1153.

EURUSD-18-10-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1005 1.1035 1.1079 1.1109 1.1153 1.1183 1.1227
1 WEEK 1.0783 1.0831 1.0905 1.0953 1.1027 1.1075 1.1149
1 MONTH 1.0593 1.0739 1.0819 1.0965 1.1045 1.1191 1.1271
 

GBPUSD

GBP/USD is under pressure around 1.2855 as speculation mounts about the fate of the Brexit deal. UK PM Johnson faces a test in parliament after securing an accord with the EU. GBP/USD is expected to find support at 1.2768 and a fall through could take it to the next support level of 1.2748. On the other side, resistance stands at 1.2922, and a rise through could take it to the next resistance level of 1.2982.

GBPUSD-18-10-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2511 1.2631 1.2748 1.2868 1.2985 1.3105 1.3221
1 WEEK 1.1814 1.2004 1.2327 1.2517 1.2840 1.3030 1.3353
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220
 

GOLD

Gold lacked any firm directional bias and seesawed between tepid gains and minor losses, around the $1490 region. The yellow metal lacks the strength to cross key upside barriers holding the keys to monthly top. Gold is expected to find support at 1,485.70 and a fall through could take it to the support level of 1,483.10. On the other side, resistance stands at 1,493.80, and a rise through could take it to the level of 1,497.20.

GOLD-18-10-2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1474.65 1480.85 1488.65 1494.85 1502.65 1508.85 1516.65
1 WEEK 1426.06 1452.03 1470.36 1496.33 1514.66 1540.63 1558.96
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60