USD/JPY

USD/JPY consolidated in a range on Monday and remained well within Friday's broader trading range, around the 107.00 handle. The pair on Friday had some good two-way moves and was solely influenced by the US Dollar price dynamics, which lost some ground following the release of softer headline NFP print. USD/JPY is expected to find support at 106.69 and a fall through could take it to the support level of 106.56. On the other side, resistance stands at 107.09 and a rise through could take it to the level of 107.22.

USDJPY_06_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.65 106.72 106.83 106.90 107.01 107.08 107.19
1 WEEK 104.53 105.13 106.03 106.63 107.53 108.13 109.03
1 MONTH 99.19 101.82 104.07 106.70 108.95 111.58 113.83

EURUSD

EUR/USD is navigating the area around Friday’s close in the 1.1030 region at the beginning of the week. The pair came under renewed selling pressure after climbing to the 1.1080 region last week. Poor data from the US manufacturing sector put the buck under strong selling pressure and sponsored at the same time the rebound in spot from new YTD lows. EUR/USD is expected to find support at 1.1010 and a fall through could take it further to the support level of 1.0983. On the other side, resistance stands at 1.1052 and a rise through could take it to the next resistance level of 1.1076.

USDJPY_06_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1009 1.1014 1.1018 1.1023 1.1026 1.1032 1.1035
1 WEEK 1.0782 1.0854 1.0942 1.1014 1.1102 1.1174 1.1262
1 MONTH 1.0597 1.0780 1.0885 1.1068 1.1173 1.1356 1.1461

GBPUSD

GBP/USD is under pressure just below the 1.2250 level in early Europe, as markets remain jittery ahead of the key Brexit event risks and UK GDP and manufacturing data releases. The pair witnesses some profit-taking on Friday amid a modest USD uptick. GBP/USD is expected to find support at 1.2212 and a fall through could take it to the next support level of 1.2180. On the other side, resistance stands at 1.2312, and a rise through could take it to the next resistance level of 1.2334.

USDJPY_06_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2217 1.2239 1.2261 1.2283 1.2305 1.2327 1.2350
1 WEEK 1.1646 1.1802 1.2042 1.2198 1.2438 1.2594 1.2834
1 MONTH 1.1719 1.1867 1.2013 1.2161 1.2307 1.2455 1.2601

GOLD

Gold is currently trading at $1,506, dropped for two consecutive weeks for the first time since November 2018. The metal picked up a bid at lows near $1,503 earlier today, possibly in response to the weaker-than-expected China trade data released on Sept. 8. Gold is expected to find support at 1,500.00 and a fall through could take it to the support level of 1,495.60. On the other side, resistance stands at 1,514.30, and a rise through could take it to the level of 1,520.70.

USDJPY_06_09_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1506.89 1509.22 1511.59 1513.92 1516.29 1518.62 1520.99
1 WEEK 1439.90 1475.30 1495.40 1530.80 1550.90 1586.30 1606.40
1 MONTH 1286.44 1349.27 1439.34 1502.17 1592.24 1655.07 1745.14