USD/JPY

USD/JPY has been on the back foot after the Fed decision and fears that the US and China may be unable to reach a comprehensive deal. And now, the Non-Farm Payrolls are set to rock markets. The pair is currently consolidating around 107.96. USD/JPY is expected to find support at 107.82 and a fall through could take it to the support level of 107.68. On the other side, resistance stands at 108.11 and a rise through could take it to the level of 108.27.

USDJPY_01_11_19

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 106.74 107.34 107.68 108.27 108.61 109.20 109.54
1 WEEK 107.81 108.03 108.35 108.57 108.89 109.11 109.43
1 MONTH 103.64 104.69 106.39 107.44 109.14 110.19 111.89
 

EURUSD

EUR/UDS is trading above 1.1150, consolidating its gains ahead of the all-important US jobs report. Job gains likely slowed down while wages probably picked up. Markets are still digesting the Fed decision. EUR/USD is expected to find support at 1.1142 and a fall through could take it further to the support level of 1.1112. On the other side, resistance stands at 1.1174 and a rise through could take it to the next resistance level of 1.1200.

EURUSD_01_11_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1090 1.1111 1.1133 1.1154 1.1176 1.1197 1.1220
1 WEEK 1.0933 1.1063 1.1041 1.1111 1.1149 1.1219 1.1257
1 MONTH 1.0593 1.0739 1.0819 1.0965 1.1045 1.1191 1.1271
 

GBPUSD

GBP/USD keeps its latest recovery mode active as it takes the bids to 1.2960 while into the London open on Friday. UK Manufacturing PMI, US Non-Farm Payrolls and fresh opinion polls ahead of the December 12 elections are all eyed. GBP/USD is expected to find support at 1.2936 and a fall through could take it to the next support level of 1.2914. On the other side, resistance stands at 1.3000 and a rise through could take it to the next resistance level of 1.3012.

GBPUSD_01_11_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2828 1.2865 1.2901 1.2938 1.2974 1.3011 1.3047
1 WEEK 1.2186 1.2375 1.2662 1.2826 1.3138 1.3302 1.3614
1 MONTH 1.1348 1.1654 1.1972 1.2278 1.2596 1.2902 1.3220
 

GOLD

Gold retraced from one week high, but still holds on to gains, now trading at $1,512.70 in the European session on Friday. The yellow metal seems to witness the pre-NFP silence as traders prefer locking profits ahead of the key employment data from the United States. Gold is expected to find support at 1,508.00 and a fall through could take it to the support level of 1,505.00. On the other side, resistance stands at 1,514.30, and a rise through could take it to the level of 1,517.80.

GOLD_01_11_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1480.94 1488.47 1501.64 1509.17 1522.34 1529.87 1543.04
1 WEEK 1449.00 1466.50 1485.90 1503.40 1522.80 1540.30 1559.70
1 MONTH 1344.50 1407.50 1440.20 1503.20 1535.90 1598.90 1631.60