USD/JPY

USD/JPY extended its consolidative price action for the second straight session on Friday. US-China trade uncertainty seemed to underpin the JPY’s safe-haven status and cap gains. USD/JPY is expected to find support at 109.31 and a fall through could take it to the support level of 109.18. On the other side, resistance stands at 109.58 and a rise through could take it to the level of 109.80.

USDJPY_29_11_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.18 109.26 109.39 109.47 109.59 109.68 109.80
1 WEEK 107.46 107.87 108.26 108.67 109.06 109.47 109.86
1 MONTH 103.76 105.15 107.62 107.94 109.40 110.76 112.22

EURUSD

EUR/USD is on track to end November on a negative note. November’s drop has poured cold water over the optimism generated by October’s sharp rally. The EUR may find love if the German data beats estimates. Gains could be short-lived due to the Sino-US political tensions. EUR/USD is expected to find support at 1.0997 and a fall through could take it further to the support level of 1.0983. On the other side, resistance stands at 1.1018 and a rise through could take it to the next resistance level of 1.1031.

EURUSD_29_11_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0983 1.0991 1.1001 1.1010 1.1020 1.1029 1.1038
1 WEEK 1.0911 1.0963 1.0994 1.1046 1.1077 1.1129 1.1160
1 MONTH 1.0659 1.0769 1.0961 1.1071 1.1263 1.1373 1.1565

GBPUSD

GBP/USD stays a little changed around one week high above 1.2900. The quote rallied Thursday after YouGov’s MRP indicator signalled Tory lead. UK PM Boris Johnson’s ignorance of some media appearances got criticized off-late. GBP/USD is expected to find support at 1.2892 and a fall through could take it to the next support level of 1.2874. On the other side, resistance stands at 1.2926 and a rise through could take it to the next resistance level of 1.2945.

GBPUSD_29_11_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2840 1.2870 1.2891 1.2921 1.2942 1.2972 1.2993
1 WEEK 1.2614 1.2719 1.2776 1.2881 1.2938 1.3043 1.3100
1 MONTH 1.1601 1.1898 1.2420 1.2717 1.3239 1.3536 1.4058

GOLD

Gold is back on the bids in the Asian trades this Black Friday, recovering from a dip to session lows of 1456.50. However, the bears continue to guard the 1460 barrier, keeping the upside attempts in check. Gold is expected to find support at 1,454.60 and a fall through could take it to the support level of 1,451.40. On the other side, resistance stands at 1,460.30, and a rise through could take it to the level of 1,463.30.

Gold_29_11_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1456.69 1458.72 1460.49 1462.52 1464.29 1466.32 1468.09
1 WEEK 1437.84 1450.57 1460.54 1473.27 1483.24 1495.97 1505.94
1 MONTH 1417.14 1441.07 1477.94 1501.87 1538.74 1562.67 1599.54