USD/JPY

USD/JPY remains confined to a tight range ever since the day started, currently trading close to 106.20. The pair advanced despite the poor performance of equities, as US indexes resumed their slumps, weighed by news that the US Congress has been unable to move on with the coronavirus aid package. USD/JPY could find support at 106.11 and a fall through may take it further to the support level of 105.97. On the other side, resistance could stand at 106.25, and a rise through may take it to the next resistance level of 106.39.
USDJPY-11-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.65 105.82 105.97 106.14 106.30 106.46 106.62
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 stands to gain on ECB’s modestly optimistic view on Eurozone’s economy. However, continued risk aversion could play spoilsport again. The pair is currently trading at 1.1834, representing a 0.17% gain on the day, having hit a low of 1.1810 during early Asian trading hours. EUR/USD could find support at 1.1812 and a fall through may take it further to the support level of 1.1789. On the other side, resistance could stand at 1.1858, and a rise through may take it to the next resistance level of 1.1877.
EURUSD-11-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1653 1.1726 1.1770 1.1844 1.1888 1.1962 1.2006
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 eases towards 1.2800, fading the bounce from seven-week lows on the UK GDP disappointment. UK GDP grew 6.6% MoM in July vs. +6.7% expected. The spot remains undermined by the deepening Brexit crisis, with the talks to continue next week. GBP/USD could find support at 1.2773 and a fall through may take it further to the support level of 1.2755. On the other side, resistance could stand at 1.2866, and a rise through may take it to the next resistance level of 1.2902.
GBPUSD-11-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2443 1.2608 1.2706 1.2871 1.2969 1.3134 1.3232
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 prices print mild gains after dropping from one-week high in the previous day. Gold rallied to the highest levels in six days to $1966 after the ECB’s optimistic forecasts. However, the US stimulus deal fallout and US stocks sell-off have boosted the US dollar, pressuring the yellow metal. Gold could find support at 1,935.80 and a fall through may take it further to the support level of 1,930.60. On the other side, resistance could stand at 1,949.30, and a rise through may take it to the next resistance level of 1,955.80.
Gold-11-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1923.60 1936.10 1950.20 1962.70 1976.80 1989.30 2003.40
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