USD/JPY

USD/JPY seesaws around 106.30 amid the early European open on Monday. In doing so, the yen pair struggles to keep the late Friday’s pullback from 106.17 but the sluggish performance of global equities and the holiday in the US limit the pair’s moves. USD/JPY could find support at 106.12 and a fall through may take it further to the support level of 105.97. On the other side, resistance could stand at 106.41, and a rise through may take it to the next resistance level of 106.57.
USDJPY-07-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.13 106.17 106.24 106.28 106.35 106.39 106.46
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 is looking to extend its overnight range play below mid-1.1800 into early Europe, as investors remain cautious starting out a fresh week. US dollar steadies in the aftermath of NFP jobs report while the spot awaits the ECB decision later in the week. EUR/USD could find support at 1.1810 and a fall through may take it further to the support level of 1.1788. On the other side, resistance could stand at 1.1849, and a rise through may take it to the next resistance level of 1.1865.
EURUSD-07-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1811 1.1821 1.1828 1.1838 1.1844 1.1855 1.1861
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 the drop toward 1.3200 in the early European open. The pair remains offered, as fears of a no-deal Brexit gained momentum. Also, negatively affecting the pair could be the US dollar’s sustained run-up coupled with a lack of major data/events due on the cards. GBP/USD could find support at 1.3179 and a fall through may take it further to the support level of 1.3157. On the other side, resistance could stand at 1.3230, and a rise through may take it to the next resistance level of 1.3257.
GBPUSD-07-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3188 1.3214 1.3231 1.3257 1.3274 1.3300 1.3317
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 has risen to $1,940.52, up 0.28% on a day, during the initial session on Monday. However, the yellow metal has since then dropped back to $1,930.10 as buyers stay cautious amid a lack of a major catalyst, coupled with the US dollar strength questioning the bullion’s upside. Gold could find support at 1,921.80 and a fall through may take it further to the support level of 1,915.10. On the other side, resistance could stand at 1,935.50, and a rise through may take it to the next resistance level of 1,942.40.
Gold-07-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1930.79 1934.22 1937.44 1940.87 1944.09 1947.52 1950.74
1 WEEK 1823.94 1872.77 1903.54 1952.37 1983.14 2031.97 2062.74
1 MONTH 1676.10 1776.30 1877.45 1977.65 2078.80 2179.00 2280.15