USD/JPY

USD/JPY has dropped towards 104.10 during the initial hour of European open on Tuesday. In doing so, the yen pair follows the US dollar downward move amid a cautious market mood. USD/JPY could find support at 104.00 and a fall through may take it further to the support level of 103.85. On the other side, resistance could stand at 104.26 and a rise through may take it to the next resistance level of 104.37.
USDJPY_12_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.35 103.59 103.92 104.16 104.49 104.73 105.06
1 WEEK 101.47 102.03 102.98 103.54 104.50 105.05 106.01
1 MONTH 100.59 101.73 102.48 103.62 104.37 105.51 106.25

EURUSD

EUR/USD is trading above 1.2150, having recovered from lower levels. The US dollar turns south alongside yields amid a cautious market mood. Covid fears and fresh China-Hong Kong tensions keep traders on the edge. EUR/USD could find support at 1.2145 and a fall through may take it further to the support level of 1.2130. On the other side, resistance could stand at 1.2188, and a rise through may take it to the next resistance level of 1.2209.
EURUSD_12_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2016 1.2074 1.2111 1.2169 1.2206 1.2264 1.2302
1 WEEK 1.1997 1.2094 1.2156 1.2253 1.2315 1.2412 1.2473
1 MONTH 1.1605 1.1765 1.1989 1.2150 1.2374 1.2535 1.2758

GBPUSD

GBP/USD extends the bounce towards 1.3550 as the US dollar takes a breather after the recent rally. The UK policymakers suggest the worst isn’t over for the hard-hit UK economy amid the covid crisis. GBP/USD could find support at 1.3533 and a fall through may take it further to the support level of 1.3509. On the other side, resistance could stand at 1.3572, and a rise through may take it to the next resistance level of 1.3596.
GBPUSD_12_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3337 1.3394 1.3454 1.3511 1.3571 1.3628 1.3688
1 WEEK 1.3323 1.3427 1.3795 1.3600 1.3668 1.3773 1.3841
1 MONTH 1.2756 1.2945 1.3309 1.3498 1.3862 1.4051 1.4414

GOLD

Gold flirts with highs near $1860, extending the bounce from 200-DMA support. The further upside appears capped amid US stimulus expectations and rising Treasury yields. Gold could find support at 1,846.10 and a fall through may take it further to the support level of 1,837.10. On the other side, resistance could stand at 1,868.70, and a rise through may take it to the next resistance level of 1,875.20.
Gold_12_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1787.70 1802.40 1826.60 1841.30 1865.50 1880.20 1904.40
1 WEEK 1653.26 1740.53 1787.96 1875.23 1922.66 2009.93 2057.36
1 MONTH 1678.06 1728.23 1811.66 1861.83 1945.26 1995.43 2078.86