USD/JPY

USD/JPY remained depressed amid persistent US-China trade uncertainty. Sliding US bond yields undermined the USD and added to the intraday selling bias. USD/JPY is expected to find support at 108.33 and a fall through could take it to the support level of 108.14. On the other side, resistance stands at 108.60 and a rise through could take it to the level of 108.72.

USDJPY-21-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.91 108.13 108.31 108.53 108.71 108.93 109.12
1 WEEK 107.17 107.71 108.23 108.77 109.29 109.83 110.35
1 MONTH 103.76 105.15 107.62 107.94 109.40 110.76 112.22

 

EURUSD

EUR/USD is trading above 1.1050, at familiar levels. Doubts that a US-Sino trade deal may be reached are weighing on markets. The Fed's minutes have reaffirmed the wait-and-see mode, and the ECB's minutes are awaited. EUR/USD is expected to find support at 1.1067 and a fall through could take it further to the support level of 1.1055. On the other side, resistance stands at 1.1088 and a rise through could take it to the next resistance level of 1.1100.

EURUSD-21-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1031 1.1042 1.1060 1.1071 1.1089 1.1100 1.1118
1 WEEK 1.0937 1.0963 1.1007 1.1033 1.1077 1.1103 1.1147
1 MONTH 1.0659 1.0769 1.0961 1.1071 1.1263 1.1373 1.1565

 

GBPUSD

GBP/USD is rising above 1.29 as fresh opinion polls continue showing a solid lead for Prime Minister Boris Johnson's Conservatives. Further political headlines are awaited. GBP/USD is expected to find support at 1.2916 and a fall through could take it to the next support level of 1.2901. On the other side, resistance stands at 1.2951 and a rise through could take it to the next resistance level of 1.2969.

GBPUSD-21-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1031 1.1042 1.1060 1.1071 1.1089 1.1100 1.1118
1 WEEK 1.2670 1.2724 1.2813 1.2867 1.2956 1.3010 1.3099
1 MONTH 1.1601 1.1898 1.2420 1.2717 1.3239 1.3536 1.4058

 

GOLD

Gold edged lower through the early session on Thursday, however currently is attempting a recovery from the lower end of its daily trading range, and trades around the $1,473 level. Gold is expected to find support at 1,468.50 and a fall through could take it to the support level of 1,466.10. On the other side, resistance stands at 1,476.90, and a rise through could take it to the level of 1,480.20.

Gold-21-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1454.04 1460.07 1467.14 1473.17 1480.24 1486.27 1493.34
1 WEEK 1422.00 1434.10 1451.30 1463.40 1480.60 1492.70 1509.90
1 MONTH 1417.14 1441.07 1477.94 1501.87 1538.74 1562.67 1599.54