USD/JPY

USD/JPY trades positive near the two-week high, on a five-day winning streak. The pair takes the bids to 109.55 during the initial trading session on Friday. The focus now will turn to the Sino/US trade deal and US Nonfarm Payrolls. USD/JPY is expected to find support at 109.36 and a fall through could take it to the support level of 109.13. On the other side, resistance stands at 109.67 and a rise through could take it to the level of 109.92.

USDJPY_10_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.61 108.82 109.16 109.37 109.70 109.92 110.25
1 WEEK 105.75 106.79 107.44 108.48 109.13 110.17 110.82
1 MONTH 106.80 107.61 108.11 108.92 109.42 110.23 110.73

EURUSD

EUR/USD awaits crucial US NFP release as the market appears to have turned indecisive ahead of the report for December. The currency pair charted a Doji candle Thursday, as it witnessed two-way business and ended on a flat note. An above-forecast US data could yield a bearish daily close. EUR/USD is expected to find support at 1.1092 and a fall through could take it further to the support level of 1.1068. On the other side, resistance stands at 1.1119 and a rise through could take it to the next resistance level of 1.1137.

EURUSD_10_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1068 1.1080 1.1095 1.1108 1.1123 1.1136 1.1151
1 WEEK 1.0993 1.1059 1.1109 1.1175 1.1225 1.1291 1.1341
1 MONTH 1.0825 1.0914 1.1063 1.1152 1.1301 1.1390 1.1539

GBPUSD

GBP/USD in on a road to recovery but remains below the 1.31 handle ahead of the London open on Friday. Traders will keep an eye on political news for immediate direction ahead of the US employment data. GBP/USD is expected to find support at 1.3046 and a fall through could take it to the next support level of 1.3013. On the other side, resistance stands at 1.3106 and a rise through could take it to the next resistance level of 1.3124.

GBPUSD_10_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2903 1.2958 1.3013 1.3069 1.3124 1.3180 1.3235
1 WEEK 1.2770 1.2912 1.3000 1.3142 1.3230 1.3372 1.3460
1 MONTH 1.2312 1.2604 1.2932 1.3224 1.3552 1.3844 1.4172

GOLD

Gold prices extend declines below $1,550, at $1,548.55 currently, during the early Friday. The yellow metal has been under pressure off-late, mainly due to the de-escalation of odds favouring the US-Iran war. Gold is expected to find support at 1,540.30 and a fall through could take it to the support level of 1,533.70. On the other side, resistance stands at 1,560.00, and a rise through could take it to the level of 1,568.40.

Gold_10_01_20

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1521.29 1531.22 1542.44 1552.37 1563.59 1573.52 1584.74
1 WEEK 1481.96 1497.73 1525.06 1540.83 1568.16 1583.93 1611.26
1 MONTH 1409.74 1434.77 1478.94 1503.97 1548.14 1573.17 1617.34