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Breakdownanalysis

GBPJPY Technical Analysis 25.07.2023 1h chart– Previous Daily candle closed Bearish at 181.370 forming Daily Resistance at 182.220. – Buys on close above 181.450 targeting 1h previous Support formed at 181.860, Leaving Runners to the Daily Resistance formed at 182.220. – Sells on close below 180.900 targeting 1h Support at 180.470, Leaving Runners to the Daily Support formed on Friday last week at 180.140. – As Daily formed Resistance and retraced, there is still a good probability for price to retest Daily Support formed on Friday last week.
by SalimFX20
XAUUSD Technical Analysis 24.07.2023 1h chart– Previous Weekly candle closed weak Bullish at 1961.900 rejecting the previous Weekly Support formed on 24th April 2023, Friday Daily candle closed Bearish respecting recent Daily Resistance formed on Wednesday 19th July 2023. – Buys on close above 1966.500 targeting 1h Resistance at 1971.000, Leaving Runners to the 4h Resistance formed at 1974.000. – Sells on close below 1959.000 targeting Daily Support formed at 1954.800, Leaving Runners to the 4h Support formed at 1948.600. – High Impact News ahead of the New York session for the US Dollar for Flash Manufacturing PMI and Flash Services PMI.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 24.07.2023 1h chart– Previous Weekly candle closed Bullish at 182.210 forming Weekly Support at 181.670, Friday Daily candle closed strong Bullish forming new Daily Support around 180.150. – Buys on close above 182.550 targeting Weekly Resistance formed at 183.150, Leaving Runners to the 1h Resistance formed at 183.550. – Sells on close below 181.800 targeting 4h Support formed at 181.370, Leaving Runners to the 1h previous Resistance formed on 19th July 2023 at 181.030. – High Impact News ahead for the Pound Sterling during the London session for Flash Manufacturing PMI and Flash Services PMI.
by SalimFX20
GBPJPY Technical Analysis 21.07.2023 1h chart– Previous Daily candle closed Bearish at 180.150 closing above Daily Support formed on Thursday 13th July 2023. – Buys on close above 180.720 targeting 30min Resistance at 181.180, Leaving Runners to the Daily Resistance formed on 17th July 2023 at 181.670. – Sells on close below 179.850 targeting 1h Support at 179.480, Leaving Runners to the 4h Support formed at 179.130. – Overall price still in a large consolidation zone so waiting for a confirmation is really important, would be good to see small Daily Support to be formed on Friday to then have the next Daily candle for next week to break below recent Support correcting the Bullish move on the Weekly candle formed on 12th June 2023.
by SalimFX20
XAUUSD Technical Analysis 20.07.2023 1h chart– Previous Daily candle closed weak Bearish at 1977.100 forming weak Daily Resistance at 1978.800 as price have been ranging within the 4h timeframe. – Buys on close above 1982.900 targeting Monthly Resistance formed in May 2023 at 1989.500, Leaving Runners to the 1h Resistance formed on 17th May 2023 at 1993.200. – Sells on close below 1972.400 targeting 15min previous Support at 1967.400, Leaving Runners to the 30min Support formed at 1963.000. – High Impact News ahead of New York session for the US Dollar as follows. Unemployment Claims followed by Philly Fed Manufacturing Index and Existing Home Sales.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 20.07.2023 1h chart– Previous Daily candle closed Bearish at 180.570 tapping into Daily Support formed on 13th July 2023 around 179.800. – Buys on close above 181.040 targeting 1h Resistance at 181.560, Leaving Runners to the 4h Resistance formed at 182.020. – Sells on close below 180.230 targeting Daily Support formed at 179.800, Leaving Runners to the 1h Support formed at 179.500. – We could possibly have a Wick Fill of the previous Weekly candle Low. Once Daily close below recent Daily Support we have clean traffic all the way down to 175.500 based on the Weekly and Daily timeframe.
by SalimFX20
XAUUSD Technical Analysis 19.07.2023 1h chart– Previous Daily candle closed strong Bullish at 1978.900 pushing through multiple previous Daily Resistances formed on June 2023. – Buys on close above 1983.200 targeting Monthly Resistance formed in May 2023 at 1989.500, Leaving Runners to the 1h Resistance formed at 1993.200. – Sells on close below 1975.700 targeting 15min previous Resistance formed at 1969.600, Leaving Runners to the 30min Support formed at 1963.000. – High Impact News ahead of the New York session for Housing Starts and Building Permits.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 19.07.2023 1h chart– Previous Daily candle closed weak Bearish at 180.900 as price still ranging within the 4h timeframe. – Buys on close above 181.630 targeting 4h Resistance at 182.030, Leaving Runners to the 4h previous Support formed on 9th July 2023 at 182.390. – Sells on close below 180.750 targeting Tuesday Daily Wick Fill at 180.360, Leaving Runners to the Daily Support formed at 179.800. – High Impact News ahead of the Pound Sterling before London open for CPI y/y forecasting : 8.2% / Previously was 8.7%.
by SalimFX20
XAUUSD Technical Analysis 18.07.2023 1h chart– Previous Daily candle closed Doji Bearish at 1955.000 as price continues to range within the 4h timeframe. – Buys on close above 1962.900 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300. – Sells on close below 1948.700 targeting 1h previous Support formed on 12th July 2023 at 1941.200, Leaving Runners to the 4h Support formed at 1934.200. – High Impact News ahead of the New York session, Core Retail Sales m/m and Retail Sales m/m to be released 30min after New York session opens, followed by Industrial Production m/m. High Volatility expected during the news release.
OANDA:XAUUSD
by SalimFX20
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GBPJPY Technical Analysis 18.07.2023 1h chart– Previous Daily candle closed Bearish at 181.260 forming Daily Resistance at 181.670. – Buys on close above 181.630 targeting 4h Resistance at 182.030, Leaving Runners to the 4h previous Support formed on 9th July 2023 at 182.390. – Sells on close below 181.110 targeting 4h Support at 180.640, Leaving Runners to the 15min Support formed at 180.310. – Overall price has formed another 4h consolidation zone on Monday’s trading session which is the current No Trade Zone identified on this analysis, Ideally is to wait for price to breakout of this zone during high volume time.
by SalimFX20
XAUUSD Technical Analysis 17.07.2023 1h chart– Previous Weekly candle closed strong Bullish at 1955.500 respecting recent Weekly Support, Friday Daily candle closed Bearish forming weak Daily Resistance at 1960.700. – Buys on close above 1963.200 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300. – Sells on close below 1951.100 targeting 15min previous Resistance formed at 1947.100, Leaving Runners to the 15min Support formed at 1943.000. – High Impact News ahead on the New York session for Empire State Manufacturing Index.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 17.07.2023 1h chart– Previous Weekly candle closed weak Bearish at 181.660 respecting the recent Weekly Resistance formed at 183.170, Friday Daily candle closed Bullish respecting Thursday Daily Support formed at 179.810. – Buys on close above 182.140 targeting previous Daily Support formed on 30th June 2023 at 182.500, Leaving Runners to the 4h Resistance formed at 183.170. – Sells on close below 181.380 targeting 30min Support formed at 180.730, Leaving Runners to the next 30min Support formed at 180.460. – Ideally is to allow the Asian session to form a new range on the lower timeframe and have a strong confirmation around Pre London / London open leading to New York session.
by SalimFX20
XAUUSD Technical Analysis 14.07.2023 1h chart– Previous Daily candle closed small Bullish at 1960.700 as price have been consolidating on the 4h and 1h timeframe throughout the Thursday trading sessions. – Buys on close above 1963.800 targeting Weekly previous Support formed on 3rd April 2023 at 1969.200, Leaving Runners to the 4h previous Support formed on 2nd June 2023 at 1975.300. – Sells on close below 1954.500 targeting 15min previous Resistance formed at 1947.100, Leaving Runners to the 15min Support formed at 1943.000. – High Impact News ahead of the New York session, Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 14.07.2023 1h chart– Previous Daily candle closed Bullish at 181.340 forming Daily Support at 179.800. – Buys on close above 181.450 targeting 1h Resistance at 181.760, Leaving Runners to the Daily previous Support formed on 30th June 2023 at 182.260. – Sells on close below 180.800 targeting 30min Support formed at 180.440, Leaving Runners to the 1h Support formed at 180.020. – As the Daily formed Support on Thursday closing above the Daily previous Support formed 21st June 2023, There is a good probability of the Friday Daily candle respecting recent Daily Support and closing Bullish.
by SalimFX20
XAUUSD Technical Analysis 13.07.2023 1h chart– Previous Daily candle closed Strong Bullish at 1957.600 tapping into the Daily Resistance formed on 16th June 2023. – Buys on close above 1960.400 targeting Daily Resistance formed on 9th June 2023 at 1965.500, Leaving Runners to the 1h Resistance formed on 7th June 2023 at 1969.800. – Sells on close below 1953.500 targeting 15min Previous Resistance formed at 1947.100, Leaving Runners to the 15min Support formed at 1943.000. – High Impact News ahead of the New York session for the US Dollar, Core PPI m/m, PPI m/m and Unemployment Claims data to be released 30min after New York session opens.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 13.07.2023 1h chart– Previous Daily candle closed Bearish at 179.800 closing below Daily Support formed on 21st June 2023. – Buys on close above 179.970 targeting 1h Resistance at 180.350, Leaving Runners to the 30min Resistance formed at 180.700. – Sells on close below 179.470 targeting 4h Support formed at 179.120, Leaving Runners to the 1h Support formed at 178.840. – High Impact News ahead for the Pre London session, GDP m/m data forecast -0.3% Previously was 0.2%, High Volatility expected during the London open.
by SalimFX20
XAUUSD Technical Analysis 12.07.2023 1h chart– Previous Daily candle closed Bullish at 1932.500 breaking above Daily Resistance formed on 5th July 2023. – Buys on close above 1938.400 targeting 1h previous Support formed on 20th June 2023 at 1945.900, Leaving Runners to the 4h previous Support formed also on 20th June 2023 at 1950.000. – Sells on close below 1929.500 targeting 4h Support formed at 1925.400, Leaving Runners to the Weekly Support formed on 3rd July 2023 at 1919.400. – High Impact News ahead of the New York session as follow : CPI m/m, CPI y/y, Core CPI m/m and 10-y Bond Auction, High Volatility expected throughout the New York session.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 12.07.2023 1h chart– Previous Daily candle closed Bearish at 181.450 rejecting the previous Hourly Support formed on 22nd June 2023. – Buys on close above 181.900 targeting Daily previous Support formed on 27th June 2023 at 182.330, Leaving Runners to the 15min Resistance formed at 182.590. – Sells on close below 181.100 targeting 1h Support/ Daily Wick Fill at 180.800, Leaving Runners to the Daily Support formed on 21st June 2023 at 180.480. – Bank Of England Governor Andrew Bailey due to hold press conference about the Financial Stability Report in London.
by SalimFX20
XAUUSD Technical Analysis 11.07.2023 1h chart– Previous Daily candle closed Doji Bearish at 1925.400 almost tapping into the Daily Support formed on Friday 7th July 2023. – Buys on close above 1928.300 targeting 1h Resistance formed at 1933.800, Leaving Runners to the Daily previous Support formed on 15th June 2023 at 1939.800. – Sells on close below 1921.900 targeting 4h Support formed at 1914.100, Leaving Runners to the Daily Support formed on Friday 7th July 2023 at 1910.500. – Ideally is to wait for price to breakout of the No Trade Zone during high volume time with strong confirmation.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 11.07.2023 1h chart– Previous Daily candle closed Bearish at 181.720 breaking out of the Daily consolidation Zone. – Buys on close above 181.870 targeting 1h previous Support formed at 182.300, Leaving Runners to the 15min Resistance formed at 182.580. – Sells on close below 181.190 targeting 1h Support formed at 180.830, Leaving Runners to the Daily Support formed at 180.480. – High Impact News ahead of the Pre London session, Claimant Count Change and Average Earnings Index 3m/y, High Volatility expected within the London open.
by SalimFX20
XAUUSD Technical Analysis 10.07.2023 1h chart– Previous Weekly candle closed weak Bullish at 1925.600 forming weak Weekly Support at 1919.500, Friday Daily candle also closed Bullish forming Daily Support at 1910.900. – Buys on close above 1929.400 targeting 1h Resistance at 1933.800, Leaving Runners to the Daily previous Support formed on 15th June 2023 at 1939.800. – Sells on close below 1923.000 targeting Weekly Support formed at 1918.700, Leaving Runners to the 30min Support formed at 1913.200. – Ideally is to allow price to form a new range for the week ahead during the Asian session and wait for decent volume for Pre London / London session with much Higher Probability setups.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 10.07.2023 1h chart– Previous Weekly candle closed Bearish at 182.380 forming Weekly Resistance at 182.930, Friday Daily candle closed Bearish within the Daily Support Range on the Daily timeframe. – Buys on close above 182.650 targeting 4h Resistance formed at 183.090, Leaving Runners to the 30min Resistance formed at 183.450. – Sells on close below 182.020 targeting 4h Support formed at 181.610, Leaving Runners to the next 4h Support formed at 181.330. – Bank Of England Governor Andrew Bailey due to speak at the Financial and Professional Services Dinner in London at Pre London Close.
by SalimFX20
XAUUSD Technical Analysis 07.07.2023 1h chart– Previous Daily candle closed Bearish at 1910.900 tapping into the Daily Support formed on Friday 30th June 2023. – Buys on close above 1913.300 targeting 4h Resistance formed at 1918.300, Leaving Runners to the previous 4h Support formed at 1924.000. – Sells on close below 1906.300 targeting 4h Support formed at 1901.300, Leaving Runners to the 1h Support formed at 1896.100. – High Impact News ahead of the New York session for the US Economy, Average Hourly Earnings m/m, Non-Farm Employment Change known as (NFP) and Unemployment Rate, High Volatility expected during the news release
OANDA:XAUUSD
by SalimFX20