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USDJPY

The 113.10-113.00 region might continue to act as an immediate support, which if broken is likely to accelerate the slide towards the 112.70-60 horizontal zone en-route 112.25 support area. On the flip side, the 113.55-60 region now seems to have emerged as an immediate hurdle, above which the pair is likely to aim towards reclaiming the 114.00 handle.

USDJPY-16-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.60 112.85 113.21 113.46 113.82 114.07 114.43
WEEKLY 111.99 112.46 113.15 113.62 114.31 114.78 115.47
MONTHLY 108.17 109.77 111.35 112.95 114.53 116.13 117.71
 

EURUSD

The immediate upside resistance is pegged near the 1.1370 region. A follow-through buying has the potential to lift the pair beyond the 1.1400 handle, towards testing its next resistance, currently near the 1.1430 region. On the flip side, the 1.1300 handle now seems to protect the immediate downside, which if broken is likely to accelerate the slide towards the 1.1250-45 horizontal support before the pair eventually breaks through YTD lows, around the 1.1215 level, and aim towards challenging the descending trend-channel support, currently near the 1.1200 round figure mark.

 EURUSD-16-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1185 1.1228 1.1276 1.1319 1.1367 1.1410 1.1458
WEEKLY 1.1079 1.1197 1.1266 1.1384 1.1453 1.1571 1.1640
MONTHLY 1.0869 1.1085 1.1198 1.1414 1.1527 1.1743 1.1856
 

GBPUSD

The pair is testing towards the 1.2800 resistance level after finding strong technical support from the 1.2722 level. The GBPUSD pair is strongly bearish while trading below the 1.2835 level, key technical support is now found at the 1.2835 and 1.2694 levels. If the GBPUSD pair trades above the 1.2835 level, key resistance is found at the 1.2900 and 1.2940 levels.

  GBPUSD-16-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2345 1.2535 1.2650 1.2840 1.2955 1.3145 1.3260
WEEKLY 1.2680 1.2819 1.2898 1.3037 1.3116 1.3255 1.3334
MONTHLY 1.1991 1.2343 1.2555 1.2907 1.3119 1.3471 1.3683
 

GOLD

Gold is moving in a bullish direction in the near term. The purchasing power managed to control the movement of gold to stop the gold losses of consecutive losses to bounce from the support level of 1196 forming a technical pattern called double bottom to reach to the important resistance level around levels of 1211-1218 where it is facing selling pressures and resistance around this level. we expect that the gold will penetrate level of 1215 to the upside to test the level of 1224 again and remain this scenario as long as gold trading above level of 1207.but In the case of closing below the level of 1207 gold will fall again to 1196 level.

  Gold-16-11-2018

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1201.06 1204.73 1209.56 1213.23 1218.06 1221.73 1226.56
WEEKLY 1196.20 1204.10 1217.50 1225.40 1238.80 1246.70 1260.10
MONTHLY 1129.56 1156.63 1184.46 1211.53 1239.36 1266.43 1294.26