USD/JPY

USD/JPY is sitting higher on the day as the yen is weaker following renewed hopes of a trade deal from Kudlow’s remarks earlier. However, sellers still hold near term control. USD/JPY is expected to find support at 108.44 and a fall through could take it to the support level of 108.25. On the other side, resistance stands at 108.68 and a rise through could take it to the level of 108.83.

USDJPY-15-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.61 107.93 108.22 108.54 108.83 109.15 109.44
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 saw a marginal uptick, the gains were quickly pared with the currency losing out to safe-havens given that the outlook continues to remain gloomy for the Eurozone economy and thus buying momentum remains muted. EUR/USD is expected to find support at 1.1007 and a fall through could take it further to the support level of 1.0990. On the other side, resistance stands at 1.1033 and a rise through could take it to the next resistance level of 1.1050.

EURUSD-15-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0958 1.0974 1.0997 1.1012 1.1035 1.1050 1.1074
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 continues to remain rangebound (1.2750-1.3000 range holds) showing once again that economic data is having a limited impact on the currency pair. UK retail sales disappointed expectations across the board. GBP/USD is expected to find support at 1.2862 and a fall through could take it to the next support level of 1.2844. On the other side, resistance stands at 1.2890 and a rise through could take it to the next resistance level of 1.2919.

GBPUSD-15-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2779 1.2802 1.2842 1.2865 1.2905 1.2928 1.2967
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 prices fell on Friday with risk appetite stoked by hopes that US-China trade talks can make progress. However, unrest in Hong Kong will probably maintain the haven bid however. Gold is expected to find support at 1,457.60 and a fall through could take it to the support level of 1,452.00. On the other side, resistance stands at 1,470.40, and a rise through could take it to the level of 1,475.00.

Gold-15-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1449.35 1455.55 1462.75 1468.95 1476.15 1482.35 1489.55
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