USD/JPY

USD/JPY seesawed between tepid gains and minor losses on Tuesday and remained confined in a narrow trading band, below mid-106.00s. The pair ticked lower at the start of a new trading week amid reviving safe-haven demand on the back of a new round of US-China tariffs. USD/JPY is expected to find support at 105.91 and a fall through could take it to the support level of 105.63. On the other side, resistance stands at 106.44 and a rise through could take it to the level of 106.67.

USDJPY_03_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.69 105.87 106.04 106.22 106.38 106.57 106.73
1 WEEK 102.71 103.58 104.95 105.82 107.19 108.06 109.43
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83



EURUSD

EUR/USD drop further and record new yearly lows at 1.0930. The pair is prolonging the leg lower for the seventh consecutive session so far on Tuesday, although managing to regain some composure after reaching new 2019 lows in the 1.0930 level. EUR/USD is expected to find support at 1.0925 and a fall through could take it further to the support level of 1.0913. On the other side, resistance stands at 1.0965 and a rise through could take it to the next resistance level of 1.0987.

EURUSD_03_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0913 1.0935 1.0950 1.0972 1.0987 1.1009 1.1023
1 WEEK 1.0711 1.0837 1.0914 1.1040 1.1117 1.1243 1.1320
1 MONTH 1.0567 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461
 

GBPUSD

GBP/USD is trading close to the 2019-low of 1.2015 ahead of a critical day in the UK parliament. The opposition will table an emergency motion to kick off a process of rapid legislation meant to force the government not to leave without a deal. GBP/USD is expected to find support at 1.1950 and a fall through could take it to the next support level of 1.1926. On the other side, resistance stands at 1.2040, and a rise through could take it to the next resistance level of 1.2075.

GBPUSD_03_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1869 1.1953 1.2008 1.2092 1.2148 1.2231 1.2287
1 WEEK 1.1925 1.2032 1.2095 1.2203 1.2265 1.2372 1.2435
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601
 

GOLD

Gold prices were elevated overnight but have fallen back a touch in thin trading conditions. Gold is currently trading at $1,528.50, having travelled between a range of between $1,521.00 and $1,531.00. Gold is expected to find support at 1,519.50 and a fall through could take it to the support level of 1,516.90. On the other side, resistance stands at 1,534.70, and a rise through could take it to the level of 1,540.00.

GOLD_03_09_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1516.95 1522.55 1528.85 1534.45 1540.75 1546.35 1552.65
1 WEEK 1475.60 1500.60 1515.00 1540.00 1554.40 1579.40 1593.80
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14