USD/JPY

USD/JPY pair seesawed between tepid gains/minor losses through the Asian session on Tuesday and was last seen trading in the neutral territory, around the 104.60-65 region. The pair struggled to capitalize on the overnight goodish rebound from multi-month lows. USD/JPY could find support at 104.41 and a fall through may take it further to the support level of 104.26. On the other side, resistance could stand at 104.79, and a rise through may take it to the next resistance level of 104.98.
USDJPY-22-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.30 103.65 104.14 104.49 104.98 105.33 105.82
1 WEEK 101.86 103.06 103.81 105.01 105.76 106.96 107.70
1 MONTH 103.02 104.06 104.98 106.02 106.94 107.98 108.90

EURUSD

EUR/USD is back in the red below 1.1750 amid resurgent US dollar demand, with investors waiting for fresh cues from the European open. Investors seems to revert from riskier assets like the euro amid the renewed COVID-19 resurgence in Europe. EUR/USD could find support at 1.1725 and a fall through may take it further to the support level of 1.1711. On the other side, resistance could stand at 1.1757, and a rise through may take it to the next resistance level of 1.1774.
EURUSD-22-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1568 1.1649 1.1709 1.1791 1.1851 1.1933 1.1993
1 WEEK 1.1586 1.1661 1.1749 1.1825 1.1913 1.1989 1.2077
1 MONTH 1.1495 1.1595 1.1765 1.1866 1.2036 1.2137 1.2307

GBPUSD

GBP/USD looks to be back under pressure as the market is seeing dollar strength across the board. The pair is trading near to the 1.2760 daily low as pubs and restaurants in England will be shut after 10:00 PM as new restrictions are in place. BOE’s Bailey, UK PM Johnson’s COBR meeting and Fedspeak will be in the spotlight. GBP/USD could find support at 1.2728 and a fall through may take it further to the support level of 1.2711. On the other side, resistance could stand at 1.2781, and a rise through may take it to the next resistance level of 1.2807.
GBPUSD-22-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2544 1.2659 1.2737 1.2852 1.2930 1.3045 1.3123
1 WEEK 1.2558 1.2667 1.2790 1.2899 1.3023 1.3131 1.3255
1 MONTH 1.2687 1.2834 1.3102 1.3249 1.3517 1.3664 1.3933

GOLD

Gold plummeted 3% and reached the lowest levels in six-week at $1,882 on Monday. The yellow metal treads water just above $1,900 in Tuesday’s trading so far, as the dollar bulls take a breather, digesting the release of the Fed Chair Jerome Powell’s prepared remarks ahead of his three-day Congressional testimony. Gold could find support at 1,910.70 and a fall through may take it further to the support level of 1,918.30. On the other side, resistance could stand at 1,893.10, and a rise through may take it to the next resistance level of 1,889.50.
Gold-22-09-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1798.86 1842.13 1876.36 1919.63 1953.86 1997.13 2031.36
1 WEEK 1893.34 1915.77 1938.94 1961.37 1984.54 2006.97 2030.14
1 MONTH 1657.14 1765.67 1872.14 1980.67 2087.14 2195.67 2302.14