USD/JPY

USD/JPY ignores trade and geopolitical pessimism ahead of US CPI and seesaws around 109.00 during initial trading session on Wednesday. USD/JPY is expected to find support at 109.89 and a fall through could take it to the support level of 108.68. On the other side, resistance stands at 109.18 and a rise through could take it to the level of 109.37.

USDJPY-13-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.50 108.72 108.87 109.08 109.23 109.44 109.59
1 WEEK 107.13 107.65 108.46 108.98 109.79 110.31 111.12
1 MONTH 103.76 105.15 107.62 107.94 109.40 110.76 112.22

EURUSD

EUR/USD trades better bid above the 1.10 handle in the European open, having defended the last on several occasions in the overnight trade. Bears now await the key US inflation report and Federal Reserve (Fed) Chair Powell’s testimony for the next push lower. EUR/USD is expected to find support at 1.0989 and a fall through could take it further to the support level of 1.0961. On the other side, resistance stands at 1.1031 and a rise through could take it to the next resistance level of 1.1052.

EURUSD-13-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0961 1.0982 1.0997 1.1018 1.1033 1.1054 1.1070
1 WEEK 1.0805 1.0911 1.0965 1.1071 1.1125 1.1231 1.1285
1 MONTH 1.0659 1.0769 1.0961 1.1071 1.1263 1.1373 1.1565

GBPUSD

GBP/USD looks for direction amid a lack of fresh catalysts from the UK. The pair seesaws around 1.2850 during the London open on Wednesday, ahead of UK CPI. GBP/USD is expected to find support at 1.2830 and a fall through could take it to the next support level of 1.2813. On the other side, resistance stands at 1.2872 and a rise through could take it to the next resistance level of 1.2891.

GBPUSD-13-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2761 1.2788 1.2820 1.2847 1.2878 1.2906 1.2937
1 WEEK 1.2533 1.2651 1.2712 1.2830 1.2891 1.3009 1.3070
1 MONTH 1.1601 1.1898 1.2420 1.2717 1.3239 1.3536 1.4058

GOLD

Gold fights to hold on to recovery amid broad greenback strength and trade uncertainty. The yellow metal bounced off multi-month lows on Tuesday, but prices are again under pressure while taking rounds to $1,462 during Wednesday’s early session. Gold is expected to find support at 1,454.80 and a fall through could take it to the support level of 1,449.60. On the other side, resistance stands at 1,466.00, and a rise through could take it to the level of 1,472.80.

Gold-13-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1459.41 1460.58 1461.51 1462.68 1463.61 1464.78 1465.71
1 WEEK 1380.80 1418.90 1440.90 1479.00 1501.00 1539.10 1561.10
1 MONTH 1417.14 1441.07 1477.94 1501.87 1538.74 1562.67 1599.54