USD/JPY

USD/JPY is off the intraday low of 105.60 and currently trades around 105.65, in the European open on Tuesday. The risk barometer remains on the back foot for the second day in a row as fresh challenges to the market sentiment strengthen the previously positive Japanese yen. USD/JPY could find support at 105.58 and a fall through may take it further to the support level of 105.47. On the other side, resistance could stand at 105.73, and a rise through may take it to the next resistance level of 105.85.
USDJPY-15-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.78 105.16 105.45 105.83 106.12 106.50 106.78
1 WEEK 105.19 105.49 105.81 106.10 106.42 106.71 107.03
1 MONTH 103.02 104.06 104.98 106.02 106.94 107.98 108.90

EURUSD

EUR/USD is trading closer to 1.19, advancing as the safe-haven dollar is under pressure. Upbeat Chinese figures and hopes for a coronavirus vaccine are supporting markets. The German ZEW Economic Sentiment is awaited later in the session ahead. EUR/USD could find support at 1.1883 and a fall through may take it further to the support level of 1.1866. On the other side, resistance could stand at 1.1910, and a rise through may take it to the next resistance level of 1.1938.
EURUSD-15-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1776 1.1803 1.1835 1.1862 1.1894 1.1921 1.1954
1 WEEK 1.1593 1.1673 1.1758 1.1838 1.1923 1.2003 1.2088
1 MONTH 1.1495 1.1595 1.1765 1.1866 1.2036 1.2137 1.2307

GBPUSD

GBP/USD is trading below 1.29, unable to benefit from the dollar’s weakness, and after the UK reported an increase of the unemployment rate to 4.1% while jobless claims rose less than expected. The controversial Brexit bill is weighing on sterling. GBP/USD could find support at 1.2820 and a fall through may take it further to the support level of 1.2787. On the other side, resistance could stand at 1.2920, and a rise through may take it to the next resistance level of 1.2958.
GBPUSD-15-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2629 1.2702 1.2774 1.2847 1.2919 1.2992 1.3063
1 WEEK 1.2087 1.2425 1.2609 1.2947 1.3131 1.3469 1.3653
1 MONTH 1.2687 1.2834 1.3102 1.3249 1.3517 1.3664 1.3933

GOLD

Gold has benefited from the US dollar softness, as the greenback breaks lower on the return of the risk appetite. Having jumped 0.89% on Monday, gold is now trading at $1,966, helped by the broad-based US dollar weakness. Gold could find support at 1,961.20 and a fall through may take it further to the support level of 1,953.10. On the other side, resistance could stand at 1,971.70, and a rise through may take it to the next resistance level of 1,980.40.
Gold-15-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1921.14 1933.17 1948.44 1960.47 1975.74 1987.77 2003.04
1 WEEK 1851.16 1881.43 1914.66 1944.93 1978.16 2008.43 2041.66
1 MONTH 1657.14 1765.67 1872.14 1980.67 2087.14 2195.67 2302.14