USD/JPY

USD/JPY has been a steady open despite a handful of weekend headlines pointing to a less pessimistic outlook for the various geopolitical themes which have kept markets on alert. At the time of writing, USD/JPY is trading at 108.83 within the 108.63 and 108.87 range. USD/JPY is expected to find support at 108.76 and a fall through could take it to the support level of 108.63. On the other side, resistance stands at 108.92 and a rise through could take it to the level of 109.06.

USDJPY-25-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.53 108.58 108.65 108.70 108.76 108.82 108.88
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 trading above 1.10 as China has made a gesture to the US on Intellectual Property. The German IFO Business Climate is awaited. The pair is looking south, and it might drop below 1.10 on Monday if the German IFO data misses expectations. EUR/USD is expected to find support at 1.1011 and a fall through could take it further to the support level of 1.0997. On the other side, resistance stands at 1.1038 and a rise through could take it to the next resistance level of 1.1051.

EURUSD-25-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1011 1.1014 1.1018 1.1021 1.1025 1.1028 1.1032
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 is trading around 1.2850, up. Recent opinion polls have shown ongoing strength for PM Johnson's Conservatives. The pair however, remains on the back foot amid broad USD strength. GBP/USD is expected to find support at 1.2831 and a fall through could take it to the next support level of 1.2820. On the other side, resistance stands at 1.2865 and a rise through could take it to the next resistance level of 1.2879.

GBPUSD-25-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2820 1.2832 1.2841 1.2853 1.2862 1.2874 1.2884
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 prices slip beneath 100-day EMA while taking rounds to $1,459 during the initial trading session on Monday. The yellow metal's trading below 100-day and 21-day EMAs takes clues from 12-bar MACD that has been sending bearish signals recently. Gold is expected to find support at 1,456.10 and a fall through could take it to the support level of 1,452.90. On the other side, resistance stands at 1,461.50, and a rise through could take it to the level of 1,475.50.

Gold-25-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1463.84 1465.12 1466.19 1467.47 1468.54 1469.82 1470.89
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