USD/JPY

USD/JPY is gaining altitude, possibly tracking the uptick in the S&P 500 futures. The pair has traded at 109.70, the highest level since May 30, and the S&P 500 futures are reporting a 0.30% rise. USD/JPY is expected to find support at 109.47 and a fall through could take it to the support level of 109.32. On the other side, resistance stands at 109.71 and a rise through could take it to the level of 109.92.

USDJPY_02_12_2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 109.42 109.45 109.49 109.53 109.57 109.61 109.65
1 WEEK 107.82 108.22 108.87 109.27 109.92 110.32 110.97
1 MONTH 106.58 107.23 108.37 109.02 110.16 110.81 111.95
 

EURUSD

EUR/USD is trading above 1.10, in familiar ranges. Concerns about Chancellor Merkel's government are balanced with upbeat Chinese data. Manufacturing PMIs from the EZ and the US and ECB's Lagarde's speech are on the docket. EUR/USD is expected to find support at 1.1004 and a fall through could take it further to the support level of 1.0988. On the other side, resistance stands at 1.1027 and a rise through could take it to the next resistance level of 1.1041.

EURUSD_02_12_2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1003 1.1010 1.1014 1.1021 1.1025 1.1032 1.1036
1 WEEK 1.0935 1.0958 1.0988 1.1011 1.1041 1.1064 1.1094
1 MONTH 1.0743 1.0862 1.0939 1.1058 1.1135 1.1254 1.1331
 

GBPUSD

GBP/UDS is trading above 1.29 after weekend polls showed a narrower gap between Conservatives and Labour. Manufacturing PMIs and elections speculation are set to move cable. GBP/USD is expected to find support at 1.2905 and a fall through could take it to the next support level of 1.2891. On the other side, resistance stands at 1.2930 and a rise through could take it to the next resistance level of 1.2944.

GBPUSD_02_12_2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1464.61 1466.23 1467.11 1468.73 1469.61 1471.23 1472.11
1 WEEK 1445.60 1451.10 1461.90 1467.40 1478.20 1483.70 1494.50
1 MONTH 1370.04 1411.57 1442.14 1483.67 1514.24 1555.77 1586.34
 

GOLD

Gold is flashing red on Monday, as stocks are gaining ground, possibly on the back of upbeat China data. The anti-risk yellow metal is trading at session lows near $1,460, representing a 0.28% decline on the day. Gold is expected to find support at 1,457.10 and a fall through could take it to the support level of 1,454.50. On the other side, resistance stands at 1,462.60, and a rise through could take it to the level of 1,465.70.

GOLD_02_12_2019

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1456.69 1458.72 1460.49 1462.52 1464.29 1466.32 1468.09
1 WEEK 1437.84 1450.57 1460.54 1473.27 1483.24 1495.97 1505.94
1 MONTH 1417.14 1441.07 1477.94 1501.87 1538.74 1562.67 1599.54