USD/JPY

USD/JPY is started out the today’s session flat just and tucked in below the 200-day moving average (DMA) having ranged between 108.50 and 108.70 overnight, despite US data and geopolitical strife. USD/JPY is trading at 108.64 having ranged between 108.56 and 108.69, moving sideways. USD/JPY is expected to find support at 108.57 and a fall through could take it to the support level of 108.37. On the other side, resistance stands at 108.73 and a rise through could take it to the level of 108.86.

USDJPY_25_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.23 108.37 108.49 108.62 108.74 108.87 108.99
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 remains fragile near the 1.1100 handle, as the sentiment around the European currency has been deteriorating throughout this week. The renewed selling bias in spot is on the back of the dovish tone from the ECB and increasing buying interest surrounding the buck. EUR/USD is expected to find support at 1.1084 and a fall through could take it further to the support level of 1.1062. On the other side, resistance stands at 1.1125 and a rise through could take it to the next resistance level of 1.1151.

EURUSD_25_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1007 1.1050 1.1077 1.1120 1.1147 1.1190 1.1217
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 under pressure, currently trading at 1.2860. The path of least resistance for Sterling is to the downside, as the prospect of a UK election has added fresh uncertainty to the ongoing Brexit saga. Johnson called for a general election on Dec. 12 to break Britain's Brexit impasse. GBP/USD is expected to find support at 1.2804 and a fall through could take it to the next support level of 1.2768. On the other side, resistance stands at 1.2890 and a rise through could take it to the next resistance level of 1.2929.

GBPUSD_25_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 1.2607 1.2698 1.2768 1.2859 1.2929 1.3020 1.3090
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220
 

GOLD

Gold spent a large portion of the day yesterday moving sideways near the $1,490 handle before gaining traction during the American trading hours boosted by the risk-off flows. As of writing, the precious metal is trading at $1,505.30. Gold is expected to find support at 1,501.30 and a fall through could take it to the support level of 1,497.10. On the other side, resistance stands at 1,509.40, and a rise through could take it to the level of 1,511.50.

GOLD_25_10_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1478.89 1484.77 1495.09 1500.97 1511.29 1517.17 1527.49
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