USD/JPY

USD/JPY is feeling the pull of gravity in the Asian session, possibly due to fears the US’s decision to interfere in Hong Kong may irk China and derail the ongoing trade negotiations. President Trump signed Hong Kong democracy bill, sending anti-risk JPY higher. USD/JPY is expected to find support at 109.32 and a fall through could take it to the support level of 109.13. On the other side, resistance stands at 109.59 and a rise through could take it to the level of 109.78.

USDJPY-29-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.56 108.82 109.09 109.35 109.63 109.88 110.16
1 WEEK 107.46 107.87 108.26 108.67 109.06 109.47 109.86
1 MONTH 103.76 105.15 107.62 107.94 109.40 110.76 112.22

EURUSD

EUR/USD is trading above 1.10, in familiar ranges. Sino-American relations have deteriorated after President Trump signed the Hong Kong bill into law. Preliminary German inflation figures are awaited. EUR/USD is expected to find support at 1.0994 and a fall through could take it further to the support level of 1.0976. On the other side, resistance stands at 1.1023 and a rise through could take it to the next resistance level of 1.1036.

EURUSD-29-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.0959 1.0976 1.0990 1.1006 1.1020 1.1036 1.1050
1 WEEK 1.0911 1.0963 1.0994 1.1046 1.1077 1.1129 1.1160
1 MONTH 1.0659 1.0769 1.0961 1.1071 1.1263 1.1373 1.1565

GBPUSD

GBP/USD is trading close to 1.2950, extending its gains after YouGov’s broad MRP poll showed PM Johnson’s Conservatives winning by a wide margin. US traders are off today. GBP/USD is expected to find support at 1.2928 and a fall through could take it to the next support level of 1.2912. On the other side, resistance stands at 1.2956 and a rise through could take it to the next resistance level of 1.2968.

GBPUSD-29-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.2733 1.2780 1.2855 1.2903 1.2978 1.3026 1.3101
1 WEEK 1.2614 1.2719 1.2776 1.2881 1.2938 1.3043 1.3100
1 MONTH 1.1601 1.1898 1.2420 1.2717 1.3239 1.3536 1.4058

GOLD

Gold is currently trading at $1,457, representing a 0.20% rise on the day. The moderate gain could be short-lived as the impending bear cross between the 50- and 100-day MA is likely to invite stronger chart-driven selling. Gold is expected to find support at 1,453.90 and a fall through could take it to the support level of 1,451.30. On the other side, resistance stands at 1,459.70, and a rise through could take it to the level of 1,462.40

Gold-29-11-2019

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1446.90 1453.00 1456.90 1463.00 1466.90 1473.00 1476.90
1 WEEK 1437.84 1450.57 1460.54 1473.27 1483.24 1495.97 1505.94
1 MONTH 1417.14 1441.07 1477.94 1501.87 1538.74 1562.67 1599.54