USD/JPY

USD/JPY spiked to fresh session tops, around the 106.15 region in the last hour, recovering the previous session's losses to near one-week lows. Fading safe-haven demand helped the pair to regain some positive traction while US-China trade uncertainties might continue to cap any strong follow-through. USD/JPY is expected to find support at 105.76 and a fall through could take it to the support level of 105.57. On the other side, resistance stands at 106.43 and a rise through could take it to the level of 106.64.

USDJPY-04-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.97 105.36 105.61 106.00 106.25 106.64 106.89
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 rebounds from Tuesday’s YTD low at 1.0925, as the pair managed to regain some composure as USD-sellers returned to the markets in response to the poor print from the US ISM manufacturing for the month of August. EUR/USD is expected to find support at 1.0945 and a fall through could take it further to the support level of 1.0924. On the other side, resistance stands at 1.1000 and a rise through could take it to the next resistance level of 1.1031.

EURUSD-04-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0886 1.0906 1.0939 1.0959 1.0992 1.1012 1.1045
1 WEEK 1.0711 1.0837 1.0914 1.1040 1.1117 1.1243 1.1320
1 MONTH 1.0597 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461

GBPUSD

GBP/USD has been extending its gains above 1.2100 after the UK parliament voted in favour of debating a bill that would prevent the government from leaving the EU without a deal on October 31. Receding odds of no-deal Brexit help GBP/USD to carry its overnight recovery forward. GBP/USD is expected to find support at 1.2074 and a fall through could take it to the next support level of 1.2036. On the other side, resistance stands at 1.2165, and a rise through could take it to the next resistance level of 1.2187.

GBPUSD-04-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1851 1.1905 1.1998 1.2052 1.2145 1.2199 1.2292
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 remain mostly unchanged to $1,540’s region during the early session on Wednesday. Bullion traders recently turned risk-averse mainly due to the absence of details of the September month trade meeting between the US and China. Gold is expected to find support at 1,528.70 and a fall through could take it to the support level of 1,521.90. On the other side, resistance stands at 1,544.90, and a rise through could take it to the level of 1,549.40.

XAUUSD-04-09-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1510.95 1520.75 1539.45 1549.25 1567.95 1577.75 1596.45
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