USDJPY

USD/JPY awaits Powell's speech to take out 114.00. Support stands at 113.20 and a fall through could take it to the next support level of 113.00. On the other side resistance stands at the aimed 114.00, and a rise through could challenge 114.20 resistance level.

USDJPY-28-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 113.09 113.25 113.52 113.68 113.95 114.11 114.38
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

EUR/USD and USD/CNH are displaying a high degree of correlation, since the EUR could take a beating if CNH drops on renewed trade concerns. Support stands at 1.1270, and a break below might indicate further downside movement towards the next support level of 1.1200. On the other side resistance stands at 1.1300, and a rise through could take it to the next resistance level of 1.1350.

 EURUSD-28-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1202 1.1240 1.1268 1.1306 1.1334 1.1372 1.1400
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

GBP/USD traders see their major pair struggling near 1.2740 in sight of the Brexit. The pair is expected to find support at 1.2720 and a fall through could take it to the next support level of 1.2650. On the other side resistance stands at 1.2800, and a rise through could take it to the next resistance level of 1.2850.

  GBPUSD-28-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2612 1.2669 1.2706 1.2763 1.2800 1.2857 1.2894
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, the drop to 12-day lows indicates the corrective bounce from the Nov. 13 low of 1,196 has likely ended at 1,230 and the bears have regained control. Short term support stands at 1210.00, and a fall through could take it to the next support level of 1200.00. On the other side resistance stands at 1220.00, and a rise through could take it to the next resistance level of 1225.00.

  Gold-28-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1201.26 1209.53 1215.06 1223.33 1228.86 1237.13 1242.66
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