USD/JPY

USD/JPY stays depressed near 104.76 as Friday’s trading in Europe begins. The yen pair dropped to the lowest since July 31 the previous day after the Bank of Japan (BOJ) upwardly revised the economic outlook while standing pat on policy changes. USD/JPY could find support at 104.61 and a fall through may take it further to the support level of 104.44. On the other side, resistance could stand at 104.89, and a rise through may take it to the next resistance level of 105.04.
USDJPY_18_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.78 104.15 104.44 104.81 105.10 105.47 105.76
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 holding on to the overnight gains, consolidating the over 100-pips recovery from monthly lows of 1.1737 in the European open. Dollar dumped amid downbeat US economic releases pushing the pair currently at 1.1861. Next of note remains the US Michigan Consumer Sentiment. EUR/USD could find support at 1.1844 and a fall through may take it further to the support level of 1.1829. On the other side, resistance could stand at 1.1876, and a rise through may take it to the next resistance level of 1.1891.
EURUSD_18_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1655 1.1696 1.1772 1.1813 1.1889 1.1930 1.2007
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 off the lows but trades below 1.3000 after the mixed UK Retail Sales data. Broad US dollar consolidation and fears of another lockdown in the UK appear to keep the bounce elusive. The BOE hinted clearly at negative rates on Thursday. GBP/USD could find support at 1.2950 and a fall through may take it further to the support level of 1.2923. On the other side, resistance could stand at 1.2996, and a rise through may take it to the next resistance level of 1.3021.
GBPUSD_18_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2756 1.2810 1.2890 1.2945 1.3025 1.3080 1.3160
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

GBP/USD is off the lows but trades below 1.3000 after the mixed UK Retail Sales data. Broad US dollar consolidation and fears of another lockdown in the UK appear to keep the bounce elusive. The BOE hinted clearly at negative rates on Thursday. GBP/USD could find support at 1.2950 and a fall through may take it further to the support level of 1.2923. On the other side, resistance could stand at 1.2996, and a rise through may take it to the next resistance level of 1.3021.
Gold_18_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1904.54 1921.37 1935.64 1952.47 1966.74 1983.57 1997.84
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