USD/JPY

USD/JPY is flat in what would be otherwise the Tokyo open, but today is a holiday in Japan and liquidity is thin out there. The pair trades at 108.58 in a tight 9-pip range between 108.54 and 108.63. USD/JPY is expected to find support at 108.48 and a fall through could take it to the support level of 108.30. On the other side, resistance stands at 108.72 and a rise through could take it to the level of 108.84.

USDJPY_22_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.15 108.26 108.44 108.55 108.72 108.84 109.01
1 WEEK 107.09 107.56 108.00 108.47 108.91 109.38 109.82
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89
 

EURUSD

EUR/USD is trading largely unchanged on the day at 1.1153, consolidating previous gains. President Trump has expressed optimism about clinching a deal with China, while some officials have cast doubts. The risk revival seen in the stock markets, possibly due to the easing of US-China trade tensions, could bode well for the common currency. Brexit headlines are set to impact the euro as well. EUR/USD is expected to find support at 1.1131 and a fall through could take it further to the support level of 1.1113. On the other side, resistance stands at 1.1178 and a rise through could take it to the next resistance level of 1.1200.

EURUSD_22_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1094 1.1116 1.1135 1.1157 1.1175 1.1198 1.1216
1 WEEK 1.0867 1.0929 1.1050 1.1112 1.1233 1.1295 1.1416
1 MONTH 1.0593 1.0739 1.0819 1.0965 1.1045 1.1191 1.1271
 

GBPUSD

GBP/USD is trading just below 1.30 as parliament is set to debate and vote on UK PM Johnson's Brexit deal. The market has turned indecisive near the crucial psychological resistance of 1.30 amid the lingering Brexit uncertainty. The focus today is on the Brexit bill's second reading. GBP/USD is expected to find support at 1.2912 and a fall through could take it to the next support level of 1.2869. On the other side, resistance stands at 1.3048, and a rise through could take it to the next resistance level of 1.3078.

GBPUSD_22_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2779 1.2834 1.2903 1.2958 1.3027 1.3082 1.3151
1 WEEK 1.2186 1.2350 1.2662 1.2826 1.3138 1.3302 1.3614
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220
 

GOLD

Gold prices inched down on Tuesday as China and the U.S. made some progress on their trade negotiations. A stronger US Dollar pushed gold to the downside. The rebound in US yields played a key role. Gold is expected to find support at 1,481.10 and a fall through could take it to the support level of 1,476.80. On the other side, resistance stands at 1,487.20, and a rise through could take it to the level of 1,490.90.

GOLD_22_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1468.59 1476.82 1482.09 1490.32 1495.59 1503.52 1509.09
1 WEEK 1459.74 1470.17 1482.14 1492.57 1504.54 1514.97 1526.94
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60