USD/JPY

USD/JPY is looking to stabilize below 104.00 in Friday’s European trading. The greenback is attempting a tepid bounce, offering some support to USD/JPY. Markets await critical US Retail Sales and Consumer Sentiment numbers for fresh direction in the prices. USD/JPY could find support at 103.54 and a fall through may take it further to the support level of 103.36. On the other side, resistance could stand at 103.82 and a rise through may take it to the next resistance level of 103.97.
USDJPY_15_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 102.85 103.20 103.49 103.85 104.14 104.50 104.79
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 has fallen below 1.2150 as the safe-haven dollar gains ground in response to Biden’s stimulus presentation, which failed to reveal new measures and may consist of tax hikes. The Fed’s dovish pledge weighed on the greenback earlier. US retail sales are eyed. EUR/USD could find support at 1.2124 and a fall through may take it further to the support level of 1.2108. On the other side, resistance could stand at 1.2163, and a rise through may take it to the next resistance level of 1.2187.
EURUSD_15_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2050 1.2080 1.2119 1.2149 1.2187 1.2218 1.2256
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/US has bounced off the lows but still trades below 1.37. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown. GBP/USD could find support at 1.3647 and a fall through may take it further to the support level of 1.3625. On the other side, resistance could stand at 1.3686, and a rise through may take it to the next resistance level of 1.3710.
GBPUSD_15_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3536 1.3576 1.3631 1.3671 1.3727 1.3766 1.3822
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 keeps the range play intact near $1,850, divided between broad US dollar rebound and tumbling Treasury yields. The yellow metal remains underpinned by dovish Fed Chair Powell and President-elect Biden’s $1.9 trillion stimulus plan. US data awaited. Gold could find support at 1,837.50 and a fall through may take it further to the support level of 1,828.00. On the other side, resistance could stand at 1,861.20, and a rise through may take it to the next resistance level of 1,870.30.
Gold_15_01_2021

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1801.80 1814.20 1832.80 1845.20 1863.80 1876.20 1894.80
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