USD/JPY

USD/JPY is flashing green, possibly on the back of trade optimism. The anti-risk Japanese yen is losing ground in Asia, pushing USD/JPY higher on positive trade-related news flow. The markets could offer US dollars on disinflation concerns. USD/JPY is expected to find support at 109.42 and a fall through could take it to the support level of 109.24. On the other side, resistance stands at 109.78 and a rise through could take it to the level of 109.93.

USDJPY-13-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 109.36 109.42 109.48 109.54 109.61 109.66 109.73
1 WEEK 106.12 106.88 108.18 108.94 110.24 111.00 112.30
1 MONTH 106.80 107.61 108.11 108.92 109.42 110.23 111.73

EURUSD

EUR/USD is better bid at press time and is closing the 1.1130 level. The greenback is flashing red, possibly due to the weak jobs data and wage growth figures released Friday. The single currency could draw bids on continued easing of US-China trade tensions. EUR/USD is expected to find support at 1.1112 and a fall through could take it further to the support level of 1.1098. On the other side, resistance stands at 1.1141 and a rise through could take it to the next resistance level of 1.1157.

EURUSD-13-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1103 1.1108 1.1112 1.1117 1.1121 1.1126 1.1130
1 WEEK 1.0945 1.1015 1.1068 1.1138 1.1191 1.1261 1.1314
1 MONTH 1.0825 1.0914 1.1063 1.1152 1.1301 1.1390 1.1539

GBPUSD

GBP/USD trades weaker below 1.3010 while into the London open on Monday. The pair highlights the dovish tone from the BOE and the EU-Irish pessimism surrounding the Brexit while ignoring British forms’ positive outlook and USD weakness. Investors will have a slew of monthly activity and output data to gain fresh impulse. GBP/USD is expected to find support at 1.2989 and a fall through could take it to the next support level of 1.2963. On the other side, resistance stands at 1.3042 and a rise through could take it to the next resistance level of 1.3068.

GBPUSD-13-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3012 1.3019 1.3031 1.3038 1.3050 1.3057 1.3069
1 WEEK 1.2779 1.2896 1.2979 1.3096 1.3179 1.3296 1.3379
1 MONTH 1.2312 1.2604 1.2932 1.3224 1.3552 1.3844 1.4172

GOLD

Gold is consolidating around $1,553 at the start of the week following a slight pickup from the 200-hour moving average after US Nonfarm Payrolls disappointed on Friday. Gold is expected to find support at 1,544.50 and a fall through could take it to the support level of 1,537.70. On the other side, resistance stands at 1,562.70, and a rise through could take it to the level of 1,570.10.

Gold-13-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1555.89 1557.42 1558.79 1560.32 1561.69 1563.22 1564.59
1 WEEK 1457.34 1499.17 1529.64 1571.47 1601.94 1643.77 1674.24
1 MONTH 1409.74 1434.77 1478.94 1503.97 1548.14 1573.17 1617.34