USD/JPY

USD/JPY trading with a fraction of a percentage point to the downside, having stuck to a narrow 10-pip range between 108.60 and 108.70 so far. Fundamentally, USD/JPY has been capped on market’s presuming a soft dollar policy from the US administration. USD/JPY is expected to find support at 108.47 and a fall through could take it to the support level of 108.32. On the other side, resistance stands at 108.75 and a rise through could take it to the level of 108.91.

USDJPY-19-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.88 108.19 108.43 108.75 108.99 109.31 109.54
1 WEEK 107.17 107.71 108.23 108.77 109.29 109.83 110.35
1 MONTH 103.76 105.15 107.62 107.94 109.40 110.76 112.22

EURUSD

EUR/USD is consolidating its gains closer to 1.11 amid scepticism that US-Sino trade talks will end successfully. The US Dollar has been on the back foot, while President Trump pressured Fed Chair Powell regarding rates. EUR/USD is expected to find support at 1.1068 and a fall through could take it further to the support level of 1.1054. On the other side, resistance stands at 1.1088 and a rise through could take it to the next resistance level of 1.1108.

EURUSD-19-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1018 1.1036 1.1054 1.1072 1.1090 1.1108 1.1127
1 WEEK 1.0937 1.0963 1.1007 1.1033 1.1077 1.1103 1.1147
1 MONTH 1.0659 1.0769 1.0961 1.1071 1.1263 1.1373 1.1565

GBPUSD

GBP/USD is holding onto gains below 1.30 as UK PM Johnson and Labour’s Corbyn prepare for a televised debate. The Conservatives however, have a solid lead. GBP/USD is expected to find support at 1.2930 and a fall through could take it to the next support level of 1.2908. On the other side, resistance stands at 1.2980 and a rise through could take it to the next resistance level of 1.3010.

GBPUSD-19-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2846 1.2881 1.2914 1.2950 1.2983 1.3019 1.3052
1 WEEK 1.2670 1.2724 1.2813 1.2867 1.2956 1.3010 1.3099
1 MONTH 1.1601 1.1898 1.2420 1.2717 1.3239 1.3536 1.4058

GOLD

Gold is currently trading between a range of $1,470.00 and mid-$1,475.00, buoyed by a slightly risk-off session overnight following Sino/US trade deal headline’s and pessimism as well as a weakening in the greenback and US yields. Gold is expected to find support at 1,466.00 and a fall through could take it to the support level of 1,462.00. On the other side, resistance stands at 1,475.10, and a rise through could take it to the level of 1,478.80.

Gold-19-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1443.39 1450.02 1461.09 1467.72 1478.79 1485.42 1496.49
1 WEEK 1422.00 1434.10 1451.30 1463.40 1480.60 1492.70 1509.90
1 MONTH 1417.14 1441.07 1477.94 1501.87 1538.74 1562.67 1599.54