USD/JPY

USD/JPY eases from intraday top of 106.16 amid mixed clues. The yen major marked losses during the last week but portrays sluggish moves off-late. The reason could be traced from non-uniform risk signals and a lack of major data/events. USD/JPY could find support at 105.97 and a fall through may take it further to the support level of 105.89. On the other side, resistance could stand at 106.12, and a rise through may take it to the next resistance level of 106.23.
USDJPY-14-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 105.96 106.03 106.09 106.15 106.21 106.28 106.34
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 lacks a clear directional bias and trades near Friday’s close of 1.1844. The pair may continue to trade in the range of 1.1753-1.1918 ahead of the Federal Reserve’s rate decision due this Wednesday. The focus now remains on Eurozone Industrial Production for July. EUR/USD could find support at 1.1833 and a fall through may take it further to the support level of 1.1817. On the other side, resistance could stand at 1.1862, and a rise through may take it to the next resistance level of 1.1874.
EURUSD-14-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1811 1.1820 1.1831 1.1840 1.1850 1.1860 1.1870
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 trades higher above 1.2800 while into Monday’s early European session. MPs will debate and vote on the Internal Market Bill amid growing Tory rebellion. News from AstraZeneca helps to keep the risk-tone positive while EU-UK Brexit negotiations to resume in Brussels this week. GBP/USD could find support at 1.2767 and a fall through may take it further to the support level of 1.2748. On the other side, resistance could stand at 1.2864, and a rise through may take it to the next resistance level of 1.2883.
GBPUSD-14-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2748 1.2762 1.2786 1.2799 1.2823 1.2836 1.2860
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 has broken the consolidative mode to the upside, at the start of the week amid Fresh Iran-US geopolitical concerns that lifted the yellow metal. However, the precious metal failed to capitalize the upward movement, and traded back to $1,944 in early Europe. Gold could find support at 1,938.60 and a fall through may take it further to the support level of 1,933.70. On the other side, resistance could stand at 1,949.20, and a rise through may take it to the next resistance level of 1,954.30.
Gold-14-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1941.65 1943.50 1946.80 1948.65 1951.95 1953.80 1957.10
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