USD/JPY

USD/JPY is attempting a minor recovery above the midpoint of the 104 level in early European trading this Wednesday, as the bears take a breather after the 30-pips drop seen in the US last session. USD/JPY could find support at 104.36 and a fall through may take it further to the support level of 104.21. On the other side, resistance could stand at 104.65 and a rise through may take it to the next resistance level of 104.77.
USDJPY-25-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 103.51 103.83 104.13 104.45 104.76 105.08 105.38
1 WEEK 101.78 102.71 103.28 104.21 104.78 105.71 106.27
1 MONTH 101.64 102.83 103.74 104.93 105.83 107.03 107.93

EURUSD

EUR/USD is off the two-week highs, battling 1.19, as coronavirus vaccine optimism and easing US political uncertainty keeps risk assets better bid and the safe-haven dollar under pressure. Volatility may rise later Wednesday with the release of crucial US data. EUR/USD could find support at 1.1888 and a fall through may take it further to the support level of 1.1869. On the other side, resistance could stand at 1.1913, and a rise through may take it to the next resistance level of 1.1934.
EURUSD-25-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1791 1.1814 1.1851 1.1874 1.1911 1.1934 1.1972
1 WEEK 1.1732 1.1773 1.1813 1.1854 1.1895 1.1935 1.1976
1 MONTH 1.1322 1.1481 1.1564 1.1723 1.1807 1.1965 1.2049

GBPUSD

GBP/USD remains choppy inside a tight trading range, currently around 1.3370, while into Wednesday’s London open. The pair traders mark indecisiveness amid mixed clues for Brexit. UK’s Autumn Forecast Statement, US GDP and FOMC minutes in focus. GBP/USD could find support at 1.3348 and a fall through may take it further to the support level of 1.3327. On the other side, resistance could stand at 1.3392, and a rise through may take it to the next resistance level of 1.3408.
GBPUSD-25-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3215 1.3254 1.3304 1.3343 1.3394 1.3432 1.3483
1 WEEK 1.3040 1.3101 1.3191 1.3252 1.3342 1.3403 1.3492
1 MONTH 1.2420 1.2619 1.2780 1.2979 1.3140 1.3339 1.3499

GOLD

Gold is trading closer the $1,800 psychological level for the first time since March. The yellow metal currently trades at $1,808 as attention turns towards a batch of critical US economic data and FOMC minutes due on the cards later in the day for fresh cues. Gold could find support at 1,898.40 and a fall through may take it further to the support level of 1,892.60. On the other side, resistance could stand at 1,817.30, and a rise through may take it to the next resistance level of 1,824.90.
GOLD-25-11-2020

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1749.04 1773.07 1788.84 1812.87 1828.64 1852.67 1868.44
1 WEEK 1800.94 1825.47 1848.94 1873.47 1896.94 1921.47 1944.94
1 MONTH 1766.55 1813.00 1846.45 1892.90 1926.35 1972.80 2006.25