USDJPY

The USD/JPY is exploring the downside on speculation the Fed is nearing an end of the tightening cycle. The pair is being guided lower, possibly by the 10-year treasury yield, which hit five-day lows soon before press time. A follow-through weakness is likely to find some support near the 113.00-112.95 region. On the flip side, the 113.60 region now becomes immediate strong resistance, which if cleared might assist the pair to make a fresh attempt towards conquering the 114.00 round figure mark

USDJPY-29-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.75 113.10 113.33 113.68 113.91 114.26 114.49
WEEKLY 111.60 111.95 112.45 112.80 113.30 113.65 114.15
MONTHLY 108.17 109.77 111.35 112.95 114.53 116.13 117.71
 

EURUSD

The EURUSD testing around 1.1385 after getting bolstered by a dovish Fed late Wednesday, and the intraday action has become broken as the US Dollar remains on the downside. Technical indicator shave entered bullish ground, maintaining their upward slopes, skewing the risk to the upside. The 1.1420/30 region comes as a key resistance area with the pair turning bullish on a recovery above it. On the other side support levels are seen at 1.1350, 1.1315 and 1.1270.

 EURUSD-29-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1176 1.1222 1.1295 1.1341 1.1414 1.1460 1.1533
WEEKLY 1.1137 1.1231 1.1286 1.1380 1.1435 1.1529 1.1584
MONTHLY 1.0869 1.1085 1.1198 1.1414 1.1527 1.1743 1.1856
 

GBPUSD

The GBPUSD is trading into yesterday's highs near 1.2850 in early Thursday action after a surprisingly dovish Federal Reserve chair Jerome Powell cast doubt on the Fed's current path of rate hikes. The pair is expected to find support at 1.2810; 1.2770 and 1.2735 levels. On the other side resistance stands at 1.2865, and a rise through could take it to the next resistance level of 1.2900.

  GBPUSD-29-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2642 1.2688 1.2755 1.2801 1.2868 1.2914 1.2981
WEEKLY 1.2577 1.2670 1.2742 1.2835 1.2907 1.3000 1.3072
MONTHLY 1.1991 1.2343 1.2555 1.2907 1.3119 1.3471 1.3683
 

GOLD

Gold is currently trading at 1225, having clocked a high of 1227 in the overnight trade. Short term support stands at 1210.42, and a fall through could take it to the next support level of 1200.51. On the other side resistance stands at 1231.00, and a rise through could take it to the next resistance level of 1241.00.

  Gold-29-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1202.60 1209.80 1218.40 1225.60 1234.20 1241.40 1250.00
WEEKLY 1228.70 1229.10 1229.90 1230.30 1231.10 1231.50 1232.30
MONTHLY 1129.56 1156.63 1184.46 1211.53 1239.36 1266.43 1294.26