USD/JPY

USD/JPY now seems to have entered a bearish consolidation phase and was seen oscillating in a range near multi-month lows, below the 106.00 round figure mark. The pair remained under some intense selling pressure for the third consecutive session on Monday as renewed concerns about US-China trade war benefitted JPY’s safe-haven status. USD/JPY is expected to find support at 105.71 and a fall through could take it to the support level of 105.24. On the other side, resistance stands at 106.54 and a rise through could take it to the level of 106.92.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.34 106.43 106.50 106.59 106.65 106.75 106.81
1 WEEK 102.78 104.64 105.61 107.47 108.44 110.30 111.27
1 MONTH 105.90 106.56 107.68 108.34 109.47 110.12 111.25

 

EURUSD

EUR/USD is better bid at press time, but the upside looks limited or the gains could be short-lived, as escalating US-China trade tensions are likely to push the entire German bond yield curve into the negative territory. The upside looks limited as trade tensions could hurt Germany's economy. EUR/USD is expected to find support at 1.1095 and a fall through could take it further to the support level of 1.1077. On the other side, resistance stands at 1.1142 and a rise through could take it to the next resistance level of 1.1157.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1089 1.1096 1.1101 1.1108 1.1113 1.1120 1.1125
1 WEEK 1.0899 1.0963 1.1036 1.1100 1.1173 1.1237 1.1310
1 MONTH 1.0663 1.0862 1.0967 1.1166 1.1271 1.1470 1.1576

 

GBPUSD

GBP/USD remains under pressure as Brexit uncertainty looms ahead of UK services PMI. At the time of writing, the quote drops to 1.2105 into the UK open on Monday. Failure to rise above nearby resistance drags GBP/USD to short-term supports. GBP/USD is expected to find support at 1.2078 and a fall through could take it to the next support level of 1.2040. On the other side, resistance stands at 1.2181, and a rise through could take it to the next resistance level of 1.2224.

 

GBPUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2098 1.2116 1.2133 1.2151 1.2168 1.2186 1.2204
1 WEEK 1.1717 1.1898 1.2027 1.2208 1.2337 1.2518 1.2647
1 MONTH 1.1360 1.1740 1.1947 1.2327 1.2534 1.2914 1.3121

 

GOLD

Gold prices edged higher through the early European session on Monday and climbed to fresh multi-year tops, around the $1455-60 region, in the last hour. A sharp deterioration in the global risk sentiment, amid a fresh escalation in the US-China trade disputes, turned out to be one of the key factors benefitting the precious metal's perceive safe-haven status. Gold is expected to find support at 1,447.40 and a fall through could take it to the support level of 1,437.80. On the other side, resistance stands at 1,462.10, and a rise through could take it to the level of 1,472.40.

 

Gold

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1360.94 1383.12 1416.69 1438.87 1472.44 1494.62 1528.19
1 WEEK 1375.96 1394.03 1425.76 1443.83 1475.56 1493.63 1525.36
1 MONTH 1310.29 1347.57 1379.79 1417.07 1449.29 1486.57 1518.79