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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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