USD/JPY

USD/JPY is currently trading near 104.10, representing a 0.12% drop on the day. The pair recently refreshed the intraday low below the 104.00 mark amid challenges to the previous risk-on mood as well as the Japanese government’s announcement concerning the coronavirus relief stimulus. USD/JPY could find support at 103.97 and a fall through may take it further to the support level of 103.82. On the other side, resistance could stand at 104.16 and a rise through may take it to the next resistance level of 104.31.
USDJPY-27-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.86 104.03 104.13 104.31 104.41 104.59 104.69
1 WEEK 101.78 102.71 103.28 104.21 104.78 105.71 106.27
1 MONTH 101.64 102.83 103.74 104.93 105.83 107.03 107.93

EURUSD

EUR/USD has advanced above 1.1900, near 1.1920, looking to end the holiday-shortened trading week on a positive note, with the US dollar under pressure across the board. Upbeat China data has weighed over the US dollar while weak tone in the US stock futures looks to cap gains. EUR/USD could find support at 1.1908 and a fall through may take it further to the support level of 1.1893. On the other side, resistance could stand at 1.1935, and a rise through may take it to the next resistance level of 1.1951.
EURUSD-27-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1828 1.1856 1.1885 1.1913 1.1942 1.1970 1.1999
1 WEEK 1.1732 1.1773 1.1813 1.1854 1.1895 1.1935 1.1976
1 MONTH 1.1322 1.1481 1.1564 1.1723 1.1807 1.1965 1.2049

GBPUSD

GBP/USD has kept the late-Thursday’s recovery moves above mid-1.33s so far this Friday. The UK government has pushed MHRA for temporary supply of AstraZeneca vaccine approval. EU-UK policymakers to hold a brief Brexit meeting during the weekend, but no progress is expected. GBP/USD could find support at 1.3349 and a fall through may take it further to the support level of 1.3332. On the other side, resistance could stand at 1.3383, and a rise through may take it to the next resistance level of 1.3397.
GBPUSD-27-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3241 1.3281 1.3319 1.3359 1.3397 1.3437 1.3475
1 WEEK 1.3040 1.3101 1.3191 1.3252 1.3342 1.3403 1.3492
1 MONTH 1.2420 1.2619 1.2780 1.2979 1.3140 1.3339 1.3499

GOLD

Gold prices have remained side-lined in the session so far, just below $1,810 while searching for a fresh direction. Even so, the bullion trades inside a three-day-old ascending trend channel, which in turn looks to keep the buyers hopeful above $1,800. Gold could find support at 1,800.00 and a fall through may take it further to the support level of 1,792.60. On the other side, resistance could stand at 1,817.60, and a rise through may take it to the next resistance level of 1,824.70.
Gold-27-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1789.26 1796.73 1801.86 1809.33 1814.46 1821.93 1827.06
1 WEEK 1800.94 1825.47 1848.94 1873.47 1896.94 1921.47 1944.94
1 MONTH 1766.55 1813.00 1846.45 1892.90 1926.35 1972.80 2006.25