USD/JPY

USD/JPY drops for the fifth day after stepping back from the highs of 105.67 registered last week. Tokyo is set to increase the alert level to the highest amid recent surge in covid infections. USD/JPY traders will keep their eyes on the risk catalyst for fresh impulse. USD/JPY could find support at 103.61 and a fall through may take it further to the support level of 103.44. On the other side, resistance could stand at 104.08 and a rise through may take it to the next resistance level of 104.30.
USDJPY-18-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.39 103.73 103.95 104.29 104.51 104.85 105.08
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 is trading above 1.1850 and closer to 1.19 mark, as markets are torn between rising coronavirus cases and hopes for an upcoming vaccine. ECB President Lagarde said that immunization is not a game-changer for the bank’s forecasts. Final inflation figures for October are eyed. EUR/USD could find support at 1.1869 and a fall through may take it further to the support level of 1.1850. On the other side, resistance could stand at 1.1900, and a rise through may take it to the next resistance level of 1.1918.
EURUSD-18-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1785 1.1814 1.1837 1.1866 1.1890 1.1918 1.1942
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 has been moving above 1.3250 as hopes for a Brexit deal next week keep the pound bid. The pair held on to its modest gains above mid-1.3200s and had a rather muted reaction to the latest UK consumer inflation figures. Coronavirus developments are eyed. GBP/USD could find support at 1.3261 and a fall through may take it further to the support level of 1.3233. On the other side, resistance could stand at 1.3296, and a rise through may take it to the next resistance level of 1.3321.
GBPUSD-18-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3108 1.3147 1.3194 1.3234 1.3281 1.3321 1.3368
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 extends its bearish streak into the third straight day on Wednesday, although remains in a familiar range below $1,900. Markets weigh in the optimism over the promising vaccine results against the backdrop of the coronavirus surge and new restrictions announced globally. Gold could find support at 1,867.90 and a fall through may take it further to the support level of 1,860.30. On the other side, resistance could stand at 1,891.90, and a rise through may take it to the next resistance level of 1,900.00.
GOLD-18-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1860.30 1868.30 1876.70 1884.70 1893.10 1901.10 1909.50
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