USD/JPY

USD/JPY remains pressured below 106.10, dropping from the intraday high of 106.30, registered in the previous hour. The yen pair recently benefited from Japan’s Machinery Order data; however any risk-positive news could favour the quote’s upside. USD/JPY could find support at 105.98 and a fall through may take it further to the support level of 105.86. On the other side, resistance could stand at 106.18, and a rise through may take it to the next resistance level of 106.31.
USDJPY-10-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.36 105.57 105.87 106.08 106.38 106.59 106.89
1 WEEK 104.24 104.77 105.50 106.03 106.77 107.29 108.03
1 MONTH 103.02 104.06 104.98 106.02 106.94 107.98 108.90

EURUSD

EUR/USD advanced and settled above 1.1800 ahead of the ECB rate decision. Implied volatility metrics suggest traders don’t expect ECB to fuel big moves. Negative Eurozone inflation has fuelled dovish ECB expectations. EUR/USD could find support at 1.1800 and a fall through may take it further to the support level of 1.1777. On the other side, resistance could stand at 1.1851, and a rise through may take it to the next resistance level of 1.1878.
EURUSD-10-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1676 1.1714 1.1758 1.1796 1.1839 1.1878 1.1920
1 WEEK 1.1511 1.1646 1.1742 1.1877 1.1973 1.2108 1.2205
1 MONTH 1.1495 1.1595 1.1765 1.1866 1.2036 1.2137 1.2307

GBPUSD

GBP/USD extends recovery from an intraday low of 1.2976 and trades above 1.3000 in the early European session. However, a cautious market mood ahead of key Brexit talks and ECB monetary policy meeting could probe the buyers. GBP/USD could find support at 1.2945 and a fall through may take it further to the support level of 1.2917. On the other side, resistance could stand at 1.3056, and a rise through may take it to the next resistance level of 1.3083.
GBPUSD-10-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2773 1.2829 1.2914 1.2969 1.3054 1.3109 1.3194
1 WEEK 1.2836 1.3006 1.3143 1.3143 1.3451 1.3620 1.3758
1 MONTH 1.2687 1.2834 1.3102 1.3249 1.3517 1.3664 1.3933

GOLD

Gold consolidates Wednesday’s rebound, as the bulls take a breather heading into the European Central Bank (ECB) monetary policy decision. The dollar took a hit following a bounce in the Wall Street indices, fuelled by the tech rally. Gold could find support at 1,934.20 and a fall through may take it further to the support level of 1,927.50. On the other side, resistance could stand at 1,950.90, and a rise through may take it to the next resistance level of 1,957.70.
Gold-10-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1900.84 1913.57 1934.24 1946.97 1967.64 1980.37 2001.04
1 WEEK 1823.94 1872.77 1903.54 1952.37 1983.14 2031.97 2062.74
1 MONTH 1657.14 1765.67 1872.14 1980.67 2087.14 2195.67 2302.14