Daily Technical analysis for November 26, 2020
EURUSD
The EURUSD is moving in an upward direction on the hourly interval. The pair is targeting the 1.2000 price level during the coming hours.
Resistance levels: 1900 – 1.2000 – 1.2100
Support levels: 1.1800 – 1.1700 – 1.1600
Trend: Bullish
GBPUSD
The GBPUSD pair is moving in an upward direction on the hourly interval. We await the breach of the resistance level 1.3400 to buy.
Resistance 1.3400 – 1.3500 – 1.3600
Support: 1.3100 – 1.3000 – 1.2900
Direction: Bullish
USDJPY
The USDJPY pair is moving upwardly on the hourly interval. The price has breached the classical descending channel, and it is likely that it targets 105.00 in the coming hours.
Resistance 106.00 – 107.00 -108.00
Support: 103.00 – 102.00 – 101.00
Trend: Bullish
Gold
Gold is moving in a bearish direction on the hourly interval. The price reached the support level at 1800, which we are waiting for its breakout to sell.
Resistance: 1950 – 2000 – 2100
Support 1800- 1750- 1700
Trend: Bearish
Source: Technical analysis
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