USDJPY

USD/JPY continues to climb in Asia, as the dollar finds support on interest rate differentials. The FOMC last week fueled another advance in the dollar. USD/JPY is expected to find support at 113.77, and a fall through could take it to the support level of 113.42. On the other side, resistance stands at 114.30, and a rise through could take it to the level of 114.55.
USDJPY-12-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 113.74 113.78 113.81 113.85 113.88 113.92 113.95
WEEKLY 111.99 112.46 113.15 113.62 114.31 114.78 115.47
MONTHLY 108.17 109.77 111.35 112.95 114.53 116.13 117.71

EURUSD

EUR/USD dropped below the former double-bottom of 1.1300. Cascading stop-losses sent the currency pair down to 1.1268 in a quick movement. Italy uncertainty woes the pair as Rome has until Tuesday to submit a revised budget draft to the EU. EUR/USD is expected to find support at 1.1259 and a fall through could take it further to the support level of 1.1235. On the other side, resistance stands at 1.1332, and a rise through could take it to the next resistance level of 1.1355.
EURUSD-12-11-2018

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1301 1.1308 1.1316 1.1323 1.1331 1.1338 1.1346
WEEKLY 1.1079 1.1197 1.1266 1.1384 1.1453 1.1571 1.1640
MONTHLY 1.0869 1.1085 1.1198 1.1414 1.1527 1.1743 1.1856

GBPUSD

GBP/USD gapped lower in Asia over Brexit anxiety, as four UK ministers are on the verge of quitting. The EU rejected the latest plan for an independent mechanism to oversee Britain’s departure from any temporary customs arrangement it agrees. GBP/USD is expected to find support at 1.2844 and a fall through could take it to the next support level of 1.2823. On the other side, resistance stands at 1.2944, and a rise through could take it to the next resistance level of 1.2977.
GBPUSD-12-11-2018

WEEKLY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2898 1.2906 1.2922 1.2930 1.2946 1.2954 1.2970
WEEKLY 1.2680 1.2819 1.2898 1.3037 1.3116 1.3255 1.3334
MONTHLY 1.1991 1.2343 1.2555 1.2907 1.3119 1.3471 1.3683

GOLD

Gold is currently trading at 1,206.77, after it fell sharply last week. A major chunk of that drop happened on Friday – a day after the Fed reaffirmed its hawkish policy stance, setting the stage for a rate hike in December. Gold is expected to find support at the level of 1,203.59 and a fall through could take it to 1,198.73 level. On the other side, resistance stands at 1,211.40, and a rise through could take it to the next resistance level of 1,216.18.
Gold-12-11-2018

WEEKLY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1208.56 1209.13 1210.26 1210.83 1211.96 1212.53 1213.66
WEEKLY 1170.86 1188.93 1197.66 1215.73 1224.46 1242.53 1251.26
MONTHLY 1129.56 1156.63 1184.46 1211.53 1239.36 1266.43 1294.26