USD/JPY

USD/JPY is flat around 108.60 trading in a narrow 10-pip range following a mixed session overnight for financial markets. Trade war headlines were mixed, making for a slightly firmer dollar while US stocks sunk. USD/JPY is expected to find support at 108.49 and a fall through could take it to the support level of 108.35. On the other side, resistance stands at 108.73 and a rise through could take it to the level of 108.92.

USDJPY-22-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 107.93 108.10 108.35 108.52 108.76 108.94 109.18
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 looks heavy with the weekly candle showing buyer exhaustion. ECB's Lagarde is unlikely to talk dovish in her first major policy speech. The focus is also on the preliminary Eurozone and Germany PMI numbers. The pair is currently trading at 1.1063, representing a 0.12% gain on a week-to-date basis, having hit a high of 1.1097 on Thursday. EUR/USD is expected to find support at 1.1055 and a fall through could take it further to the support level of 1.1039. On the other side, resistance stands at 1.1083 and a rise through could take it to the next resistance level of 1.1096.

EURUSD-22-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1003 1.1028 1.1047 1.1072 1.1091 1.1116 1.1136
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 taking the bids for the first time since Monday, currently trading at 1.2914. The recent recovery could partially be attributed to the silence, prior to taking a positive turn, in the US-China trade tussle. GBP/USD is expected to find support at 1.2895 and a fall through could take it to the next support level of 1.2878. On the other side, resistance stands at 1.2933 and a rise through could take it to the next resistance level of 1.2956.

GBPUSD-22-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2811 1.2852 1.2887 1.2928 1.2962 1.3004 1.3038
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 closed below $1,466 on Thursday – the low of the Wednesday's Doji candle – confirming a bearish reversal. Put simply, the corrective bounce from the Nov. 12 low of $1,445 has ended and the bears appear to have regained control. Gold is expected to find support at 1,463.20 and a fall through could take it to the support level of 1,460.80. On the other side, resistance stands at 1,471.90, and a rise through could take it to the level of 1,475.50.

Gold-22-11-2019
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1446.55 1454.55 1459.85 1467.85 1473.15 1481.15 1486.45
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