USD/JPY

USD/JPY extended losses and fell from 107.05 to 106.48 to mark a fresh one month low on ISM services. The pair is currently trading at 106.77, representing 0.13% losses on the day, having clocked a high and low of 106.93 and 106.48, respectively, during the early trading hours. USD/JPY is expected to find support at 106.67 and a fall through could take it to the support level of 106.48. On the other side, resistance stands at 107.00 and a rise through could take it to the level of 107.15.

USDJPY-04-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.64 106.06 106.45 106.87 107.25 107.68 108.06
1 WEEK 105.99 106.48 107.21 107.70 108.43 108.92 109.65
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89

 

EURUSD

EUR/USD is flashing green for the fourth straight day with key indicator flashing bullish conditions ahead of the all-important US Nonfarm Payrolls data. The currency pair is currently trading at 1.0975, representing 0.13% gains on the day, having hit a high of 1.0984 in the early trading hours. The pair eked out moderate gains in the previous three trading days. EUR/USD is expected to find support at 1.0955 and a fall through could take it further to the support level of 1.0939. On the other side, resistance stands at 1.0988 and a rise through could take it to the next resistance level of 1.1000.

EURUSD-04-10-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0885 1.0913 1.0943 1.0971 1.1001 1.1029 1.1060
1 WEEK 1.0764 1.0834 1.0886 1.0956 1.1008 1.1078 1.1130
1 MONTH 1.0593 1.0739 1.0819 1.0965 1.1045 1.1191 1.1271

 

GBPUSD

GBP/USD pays little attention to the Brexit uncertainty amid overall USD weakness while markets turn pessimistic ahead of the US jobs report, considering the latest forward-looking indicators. The pair takes the bids to 1.2348 while heading into the London open on Friday. GBP/USD is expected to find support at 1.2310 and a fall through could take it to the next support level of 1.2279. On the other side, resistance stands at 1.2365, and a rise through could take it to the next resistance level of 1.2391.

GBPUSD-04-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2121 1.2193 1.2268 1.2341 1.2416 1.2489 1.2563
1 WEEK 1.1972 1.2121 1.2205 1.2354 1.2438 1.2587 1.2671
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220

 

GOLD

Gold holds on to recovery gains for the fourth consecutive day ahead of the US NFP, with the multiple catalysts pushing investors to risk-safety, taking bids to $1510 during early Friday. The yellow metal recently benefited from the global slowdown fears and political uncertainty surrounding the US and the UK. Gold is expected to find support at 1,498.50 and a fall through could take it to the support level of 1,492.20. On the other side, resistance stands at 1,1516.20, and a rise through could take it to the level of 1,521.70.

GOLD-04-10-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1478.45 1490.15 1502.15 1513.85 1525.85 1537.55 1549.55
1 WEEK 1435.36 1464.33 1485.36 1514.33 1535.36 1564.33 1585.36
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60