USD/JPY

USD/JPY traded with a mild positive bias through the Asian session, albeit lacked any follow-through buying and remained capped below the 104.00 mark. Optimism over the resumption of US fiscal aid talks assisted USD/JPY to gain some traction. USD/JPY could find support at 103.64 and a fall through may take it further to the support level of 103.45. On the other side, resistance could stand at 104.02 and a rise through may take it to the next resistance level of 104.21.
USDJPY-20-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.04 103.38 103.56 103.89 104.07 104.40 104.58
1 WEEK 100.81 102.00 103.31 104.50 105.81 107.00 108.30
1 MONTH 101.64 102.83 103.74 104.93 105.83 107.03 107.93

EURUSD

EUR/USD was trading near 1.19 but dropped to 1.1870 in the last hour as markets grapple with the US Treasury’s demand to receive around $500 billion back in stimulus funds from the Federal Reserve. The pair was consolidating on Thursday’s gains in a sign of resilience to Mnuchin’s risk-destabilizing move. Coronavirus headlines are eyed. EUR/USD could find support at 1.1854 and a fall through may take it further to the support level of 1.1831. On the other side, resistance could stand at 1.1883, and a rise through may take it to the next resistance level of 1.1900.
EURUSD-20-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1764 1.1790 1.1831 1.1857 1.1898 1.1924 1.1965
1 WEEK 1.1568 1.1657 1.1744 1.1832 1.1919 1.2007 1.2095
1 MONTH 1.1322 1.1481 1.1564 1.1723 1.1807 1.1965 1.2049

GBPUSD

GBP/USD dropped from intraday highs, near the 1.3285-90 region and currently trades at 1.3260, despite a muted reaction to the latest UK macro data. Brexit talks have been suspended due to one negotiator’s positive covid test. GBP/USD could find support at 1.3232 and a fall through may take it further to the support level of 1.3215. On the other side, resistance could stand at 1.3279, and a rise through may take it to the next resistance level of 1.3303.
GBPUSD-20-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3127 1.3161 1.3211 1.3246 1.3296 1.3331 1.3381
1 WEEK 1.2886 1.2996 1.3090 1.3200 1.3295 1.3404 1.3499
1 MONTH 1.2420 1.2619 1.2780 1.2979 1.3140 1.3339 1.3499

GOLD

Gold is currently trading above $1,865, having printed lows near $1,850 on Thursday. That level offered support multiple times in the second half of September and earlier this month. Gold could find support at 1,859.80 and a fall through may take it further to the support level of 1,854.40. On the other side, resistance could stand at 1,870.00, and a rise through may take it to the next resistance level of 1,875.20.
GOLD-20-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1827.54 1838.77 1850.14 1861.37 1872.74 1883.97 1895.34
1 WEEK 1807.56 1840.43 1896.06 1928.93 1984.56 2017.43 2073.06
1 MONTH 1766.55 1813.00 1846.45 1892.90 1926.35 1972.80 2006.25