USD/JPY

USD/JPY built on its goodish intraday bounce from fresh multi-month lows and briefly spiked to levels beyond the 107.00 handle in the last hour, albeit quickly retreated few pips thereafter. Recovering US bond yields underpinned the USD and remained supportive of the move. USD/JPY is expected to find support at 106.00 and a fall through could take it to the support level of 105.54. On the other side, resistance stands at 107.00 and a rise through could take it to the level of 107.50.

USDJPY

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.12 104.82 105.22 105.92 106.31 107.02 107.41
1 WEEK 102.78 104.64 105.61 107.47 108.44 110.30 111.27
1 MONTH 105.90 106.56 107.68 108.34 109.47 110.12 111.25

 

EURUSD

EUR/USD is trading around 1.1200 after German factory orders beat with 2.5%. China has revalued its yuan and helped calm markets after a massive sell-off on Monday. EUR/USD has been enjoying US dollar weakness related to the trade war with China to reach 1.1200. EUR/USD is expected to find support at 1.1170 and a fall through could take it further to the support level of 1.1138. On the other side, resistance stands at 1.1242 and a rise through could take it to the next resistance level of 1.1262.

EURUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1013 1.1060 1.1151 1.1198 1.1289 1.1336 1.1426
1 WEEK 1.0899 1.0963 1.1036 1.1100 1.1173 1.1237 1.1310
1 MONTH 1.0663 1.0862 1.0967 1.1166 1.1271 1.1470 1.1576

 

GBPUSD

GBP/USD fails to portray pessimism surrounding the no-deal Brexit as it pulls back to 1.2170 while into the London open on Tuesday. Given the summer recess in the British Parliament, investors may keep an eye over macro news/headlines for fresh direction. GBP/USD is expected to find support at 1.2114 and a fall through could take it to the next support level of 1.2077. On the other side, resistance stands at 1.2204, and a rise through could take it to the next resistance level of 1.2246.

 

GBPUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2024 1.2063 1.2110 1.2149 1.2196 1.2235 1.2283
1 WEEK 1.1717 1.1898 1.2027 1.2208 1.2337 1.2518 1.2647
1 MONTH 1.1360 1.1740 1.1947 1.2327 1.2534 1.2914 1.3121

 

GOLD

Gold witnessed a some intraday profit-taking and has now retreated back closer to the $1460 level. A modest bounce in the US bond yields and US Dollar exerted some additional downward pressure. Gold is expected to find support at 1,452.60 and a fall through could take it to the support level of 1,446.60. On the other side, resistance stands at 1,468.60, and a rise through could take it to the level of 1,474.80.

 

Gold

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1426.65 1438.75 1462.35 1474.45 1498.05 1510.15 1533.75
1 WEEK 1375.96 1394.03 1425.76 1443.83 1475.56 1493.63 1525.36
1 MONTH 1310.29 1347.57 1379.79 1417.07 1449.29 1486.57 1518.79