Key Price Levels for GBPUSD, EURUSD, EURJPY, and Gold – August 31- September 4, 2020

Welcome to the last trading day of August and to the first week of September 2020.

Overall we continue to see an extension of USD losses in the markets.

EURUSD is at the May 2018 levels, while the GBPUSD crossed to the December 2019 levels.

The continued weakening of the USD could stretch further past 1.35555 for the GBPUSD and 1.20191 for the EURUSD

In the news calendar, the major event in the calendar is the NFPs scheduled for Friday, September 04.

If you are trading Gold, EURJPY, EURUSD, and GBPUSD here are the key levels to watch this week.

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Key Price levels this week.

EURUSD.

EURUSD Weekly Forecast -4-sept

Pivot – 1.18616

Resistance Levels: 1.19218, 1.19590, 1.19854, 1.20191

Support Levels: 1.18015, 1.17643, 1.17378, 1.17041

GBPUSD.

GBPUSD weekly forecast August-September 4

Pivot – 1.32528

Resistance Levels: 1.33684, 1.34398, 1.34907, 1.35555

Support levels. 1.31371, 1.30657, 1.30148, 1.29501

EURJPY.

EUJPY weekly forecast August-September 4

Pivot – 125.620

Resistance levels: 126.421, 126.916, 127.269, 127.718

Support levels: 124.818, 124.323, 123.971, 123.522

GOLD.

GOLD-weekly-forecast August - Sept  4

Pivot – 1947.61

Resistance levels: 1975.87, 1993.34, 2005.77, 2021.61

Support Levels: 1919.34, 1901.34, 1889.44, 1873.61

Key Fundamentals this week.

Monday, August 31

GBP – Bank Holiday

Tuesday, September 1

USD – ISM Manufacturing PMI

Wednesday, September 2

USD – ADP Non-Farm Employment Change
GBP – MPC Member Broadbent Speaks
USD – Crude Oil Inventories

Thursday, September 3

USD – Unemployment Claims
GBP – BOE Gov Bailey Speaks
USD – ISM Non-Manufacturing PMI

Friday, September 4

USD – Average Hourly Earnings m/m
USD – Non-Farm Employment Change
USD – Unemployment Rate

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Final remarks.

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Till next week.

Trade responsibly.

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