USD/JPY

USD/JPY keeps gains slight above 105.00 as Bank of Japan’s decision to revise the economic assessment higher is struggling to draw bids for the Japanese yen. The bank kept interest rates unchanged at -0.1% and retained the 10-year Japanese government bond yield target of around 0%. USD/JPY could find support at 104.90 and a fall through may take it further to the support level of 104.79. On the other side, resistance could stand at 105.16, and a rise through may take it to the next resistance level of 105.37.
USDJPY_17_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 104.02 104.41 104.67 105.06 105.33 105.71 105.98
1 WEEK 105.19 105.49 105.81 106.10 106.42 106.71 107.03
1 MONTH 103.02 104.06 104.98 106.02 106.94 107.98 108.90

EURUSD

EUR/USD is feeling the pull of gravity on Thursday, as the dollar gains altitude on Federal Reserve’s positive comments on the economy. The pair faced rejection at 1.1883 after the Fed and has been falling ever since and currently trades at the 50-day simple moving average at 1.1762. EUR/USD could find support at 1.1743 and a fall through may take it further to the support level of 1.1719. On the other side, resistance could stand at 1.1777, and a rise through may take it to the next resistance level of 1.1793.
EURUSD_17_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1676 1.1732 1.1773 1.1828 1.1869 1.1924 1.1966
1 WEEK 1.1593 1.1673 1.1758 1.1838 1.1923 1.2003 1.2088
1 MONTH 1.1495 1.1595 1.1765 1.1866 1.2036 1.2137 1.2307

GBPUSD

GBP/USD stays heavy near 1.2937, after a 0.40% drop intraday, while into the European open on Thursday. In doing so, the pair declines for the first time in last four days as the USD bulls cheer the Federal Reserve’s cautious optimism. GBP/USD could find support at 1.2902 and a fall through may take it further to the support level of 1.2875. On the other side, resistance could stand at 1.2972, and a rise through may take it to the next resistance level of 1.3000.
GBPUSD_17_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2757 1.2815 1.2890 1.2949 1.3024 1.3083 1.3157
1 WEEK 1.2087 1.2425 1.2609 1.2947 1.3131 1.3469 1.3653
1 MONTH 1.2687 1.2834 1.3102 1.3249 1.3517 1.3664 1.3933

GOLD

Gold attempts a tepid rebound after a Fed-driven rally in the US dollar gathered steam and downed the metal 1% this Thursday. The Fed offered an optimistic outlook on the economy but doused hopes of further stimulus amid expectations of a faster recovery in the jobs market and higher tolerance for inflation. Gold could find support at 1,936.00 and a fall through may take it further to the support level of 1,930.90. On the other side, resistance could stand at 1,946.60, and a rise through may take it to the next resistance level of 1,952.10.
Gold_17_09_2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1930.60 1943.90 1957.20 1970.50 1983.80 1997.10 2010.40
1 WEEK 1851.16 1881.43 1914.66 1944.93 1978.16 2008.43 2041.66
1 MONTH 1657.14 1765.67 1872.14 1980.67 2087.14 2195.67 2302.14