USDJPY

USD/JPY pulls back from 100-day SM awhile taking the bids to 109.07 during early Tuesday. Concerns surrounding China’s coronavirus have recently smashed trade sentiment exactly when the global investors were started taking a sigh of relief. The US data came in mixed whereas tensions in the Middle East also weighed on the market’s performance. USD/JPY is expected to find support at 108.83 and a fall through could take it to the support level of 108.61. On the other side, resistance stands at 109.16 and a rise through could take it to the level of 109.27.
USDJPY-28-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.42 108.61 108.76 108.95 109.11 109.29 109.45
1 WEEK 107.85 108.51 108.90 109.56 109.95 110.61 111.00
1 MONTH 106.80 107.61 108.11 108.92 109.42 110.23 110.73

EURUSD

EUR/USD has managed to regain some shine and advance to the 1.1020 region, after briefly visiting the 1.10 neighbourhood. Focus stays on Wuhan virus vs. impact on global growth. EUR/USD is expected to find support at 1.1003 and a fall through could take it further to the support level of 1.0986. On the other side, resistance stands at 1.1031 and a rise through could take it to the next resistance level of 1.1049.
EURUSD-28-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0979 1.0994 1.1007 1.1022 1.1034 1.1050 1.1062
1 WEEK 1.0890 1.0955 1.0990 1.1055 1.1090 1.1155 1.1190
1 MONTH 1.0825 1.0914 1.1063 1.1152 1.1301 1.1390 1.1539

GBPUSD

GBP/USD struggles for direction above 1.3050 amid a lack of major catalysts. China’s coronavirus, fears of hard Brexit weigh on the pair. Recently positive data indicate a less dovish BOE statement and intermediate strength. GBP/USD is expected to find support at 1.3012 and a fall through could take it to the next support level of 1.2992. On the other side, resistance stands at 1.3052 and a rise through could take it to the next resistance level of 1.3071.
GBPUSD-28-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2969 1.3005 1.3032 1.3068 1.3095 1.3131 1.3158
1 WEEK 1.2755 1.2858 1.2967 1.3070 1.3179 1.3282 1.3391
1 MONTH 1.2312 1.2604 1.2932 1.3224 1.3552 1.3844 1.4172

GOLD

Gold has largely been in a consolidation mode since Monday’s early Asian session and is currently side-lined near $1,580. The hourly chart shows the yellow metal is trapped in a pennant pattern. Gold is expected to find support at 1,575.50 and a fall through could take it to the support level of 1,571.00. On the other side, resistance stands at 1,583.80, and a rise through could take it to the level of 1,590.80.
Gold-28-01-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1564.75 1570.05 1575.15 1580.45 1585.55 1590.85 1595.95
1 WEEK 1523.94 1534.97 1553.44 1564.47 1582.94 1593.97 1612.44
1 MONTH 1409.74 1434.77 1478.94 1503.97 1548.14 1573.17 1617.34