USD/JPY

USD/JPY jumped more than 20 pips to a hit a session high of 108.13, as the bid tone around the JPY weakened, possibly due to President Trump’s positive comments on trade. As of writing, the pair has dropped below the 108.00 mark, at 107.95. USD/JPY is expected to find support at 107.72 and a fall through could take it to the support level of 107.53. On the other side, resistance stands at 108.12 and a rise through could take it to the level of 108.30.

USDJPY_11_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.50 106.83 107.35 107.68 108.19 108.53 109.04
1 WEEK 104.14 105.31 106.13 107.30 108.12 109.29 110.89
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89

EURUSD

EUR/USD has found acceptance above a key hurdle and could see an extended relief rally in the short-term if the ongoing US-China trade talks end on a positive note. The pair is trading above 1.10, holding onto gains, as optimism around US-Sino trade talks boosts sentiment ahead of another day of talks. ECB President Draghi speaks later amid growing criticism of his QE restart. EUR/USD is expected to find support at 1.0994 and a fall through could take it further to the support level of 1.0979. On the other side, resistance stands at 1.1034 and a rise through could take it to the next resistance level of 1.1047.

EURUSD_11_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0927 1.0953 1.0982 1.1008 1.1037 1.1063 1.1091
1 WEEK 1.0783 1.0831 1.0905 1.0953 1.1027 1.1075 1.1149
1 MONTH 1.0593 1.0739 1.0819 1.0965 1.1045 1.1191 1.1271

GBPUSD

GBP/USD extends its gains above 1.2450 after rallying on Thursday as Renewed Brexit optimism led to the pair’s intraday rally of over 250 pips. UK and Irish leaders have stated that there is a pathway to a deal .EU and UK negotiators are meeting today in Brussels. GBP/USD is expected to find support at 1.2420 and a fall through could take it to the next support level of 1.2397. On the other side, resistance stands at 1.2473, and a rise through could take it to the next resistance level of 1.2491.

GBPUSD_11_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2008 1.2108 1.2269 1.2369 1.2530 1.2630 1.2791
1 WEEK 1.2015 1.2111 1.2222 1.2318 1.2429 1.2525 1.2636
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220

GOLD

Gold is currently supported in the $1,490-$1,496 tight range, despite an informal confirmation from Trump, speaking at a campaign rally, boasting how well trade talks are going with China. Risk has rallied yet Gold is at a standstill ahead of highly anticipated high-level trade talks later today in Washington when Trump and Vice Premier Lui finally meet. Gold is expected to find support at 1,493.90 and a fall through could take it to the support level of 1,490.60. On the other side, resistance stands at 1,506.00, and a rise through could take it to the level of 1,510.20.

Gold_11_10_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1466.90 1481.40 1490.05 1504.55 1513.20 1527.70 1536.35
1 WEEK 1415.86 1440.43 1476.66 1501.23 1537.46 1562.03 1598.26
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60