USD/JPY

USD/JPY steps back from the previous rise to 108.60 for Thursday’s trading session as downbeat Brexit headlines renew risk-off. The pair recently benefited from the upbeat headlines concerning the US-China trade deal, Brexit, and the US Dollar weakness on the back of soft data. USD/JPY is expected to find support at 108.49 and a fall through could take it to the support level of 108.33. On the other side, resistance stands at 108.68 and a rise through could take it to the level of 108.77.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.90 108.08 108.35 108.53 108.81 108.98 109.26
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 moves a tad higher on Thursday, around 1.1135/40. Later in the session, the upbeat momentum in EUR will be put to the test in light of the releases of advanced PMIs in core Euroland ahead of the ECB event in the European afternoon. EUR/USD is expected to find support at 1.1105 and a fall through could take it further to the support level of 1.1074. On the other side, resistance stands at 1.1154 and a rise through could take it to the next resistance level of 1.1180.

EURUSD_24_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1079 1.1092 1.1112 1.1126 1.1146 1.1160 1.1180
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 has recaptured 1.29 as the EU's Brexit extension is awaited and PM Boris Johnson tries to decide if to proceed with elections or try to pass Brexit legislation. The pair has spent a better part of the last 10 hours trading in a sideways manner around 1.29 and could remain directionless in Europe with Brexit in limbo. GBP/USD is expected to find support at 1.2852 and a fall through could take it to the next support level of 1.2817. On the other side, resistance stands at 1.2972, and a rise through could take it to the next resistance level of 1.3011.

GBPUSD_24_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2728 1.2815 1.2868 1.2895 1.2948 1.2975 1.3029
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 drops to mid $1,490s despite downbeat catalysts from Asia and the Brexit uncertainty. Sluggish activity numbers from Australia and Japan join soft economic growth at South Korea to decorate Thursday’s Asian economic calendr. Gold is expected to find support at 1,488.00 and a fall through could take it to the support level of 1,485.90. On the other side, resistance stands at 1,493.60, and a rise through could take it to the level of 1,496.10.

GOLD_24_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1478.25 1481.15 1486.50 1489.40 1494.75 1497.65 1503.00
1 WEEK 1482.11 1486.38 1490.61 1494.88 1499.11 1503.38 1507.61
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60