XAUUSD Technical Analysis 06.07.2023 1h chart– Previous Daily candle closed strong Bearish at 1915.100 forming Daily Resistance at 1925.900 as the Wednesday Daily candle rejects the 1935 area.
– Buys on close above 1917.900 targeting 1h Resistance at 1923.300, Leaving Runners to the 4h Resistance formed at 1929.400.
– Sells on close below 1911.900 targeting Daily Support formed at 1907.400, Leaving Runners to the 4h Support formed at 1902.000.
– High Impact News ahead of the New York session starting with ADP Non-Farm Employment Change and Unemployment Claims 30min after New York session opens, followed by ISM Services PMI and JOLTS Job Openings during the New York Stock Exchange session.
Breakdownanalysis
GBPJPY Technical Analysis 06.07.2023 1h chart– Previous Daily candle closed small Bullish at 183.730 as Daily still consolidating within current Daily Range.
– Buys on close above 183.960 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.460 targeting 1h Support formed at 183.160, Leaving Runners to the 4h previous Resistance formed on 29th June 2023 at 182.860.
– Overall price still ranging within the 4h and Hourly timeframe so ideally is to wait for strong confirmation for either Buys or Sells.
XAUUSD Technical Analysis 05.07.2023 1h chart– Previous Daily candle closed Bullish at 1925.800 breaking above Daily Resistance formed on 27th June 2023.
– Buys on close above 1930.800 targeting 4h Resistance at 1937.000, Leaving Runners to the Daily previous Support formed on 15th June 2023 at 1941.200.
– Sells on close below 1920.200 targeting previous 30min Support formed at 1915.800, Leaving Runners to the 4h Support formed at 1911.800.
– High Impact News ahead for FOMC Meeting Minutes after London Close.
GBPJPY Technical Analysis 05.07.2023 1h chart– Previous Daily candle closed weak Doji Bullish at 183.590 as the Daily consolidating.
– Buys on close above 183.920 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.300 targeting 4h previous Resistance formed at 182.860, Leaving Runners to the Daily Support formed at 182.480.
– Overall price is still Consolidating within the Daily timeframe as there has been less volume in the market.
XAUUSD Technical Analysis 04.07.2023 1h chart– Previous Daily candle closed Bullish at 1925.500 respecting Daily Support formed on Friday last week.
– Buys on close above 1924.100 targeting 1h Resistance formed at 1930.200, Leaving Runners to the 15min Resistance formed at 1933.300.
– Sells on close below 1919.300 targeting previous 30min Support formed at 1915.800, Leaving Runners to the 4h Support formed at 1911.800.
– Tuesday 4th July 2023 is a US Bank Holiday in observance of Independence Day, Price could possibly range throughout sessions.
GBPJPY Technical Analysis 04.07.2023 1h chart– Previous Daily candle closed Bullish at 183.560 below Daily Resistance formed last Wednesday 28th June 2023.
– Buys on close above 183.760 targeting Daily previous Support formed on 3rd December 2015 at 184.240, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.010 targeting Daily Support formed at 182.440, Leaving Runners to the 4h Support formed at 182.160.
– Both targets for Buys and Sells remained exactly the same as yesterday’s analysis as price have been ranging within the No Trade Zone identified on yesterday’s analysis.
XAUUSD Technical Analysis 03.07.2023 1h chart– Previous Monthly candle closed Bearish at 1919.500, Weekly candle closed weak Bearish rejecting the 1900s and Friday Daily candle closing Bullish forming Daily Support at 1907.400.
– Buys on close above 1922.800 targeting 4h Resistance at 1928.700, Leaving Runners to the 1h Resistance formed at 1932.400.
– Sells on close below 1915.400 targeting 15min Support formed at 1911.000, Leaving Runners to the Daily Support formed at 1907.400.
– High Impact News ahead during the New York Stock Exchange session for ISM Manufacturing PMI and ISM Manufacturing Prices.
GBPJPY Technical Analysis 03.07.2023 1h chart– Previous Monthly and Weekly candle (June) closed Bullish at 183.170, Friday Daily candle also closed Bullish forming Daily Support at 182.490.
– Buys on close above 183.760 targeting Daily previous Support formed on 3rd December 2015 at 184.240, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.010 targeting Daily Support formed at 182.440, Leaving Runners to the 4h Support formed at 182.160.
– Ideally is to allow the Asian session to consolidate forming new Range for the new Monthly, Weekly and Daily candle and wait for a good confirmation setup during the London / New York session.
XAUUSD Technical Analysis 30.06.2023 1h chart– Previous Daily candle closed Weak Bullish at 1908.300 leaving a Rejection wick at 1893.900.
– Buys on close above 1912.400 targeting 4h Resistance at 1916.500, Leaving Runners to the Daily Resistance formed at 1923.200.
– Sells on close below 1905.200 targeting the higher timeframe key level at 1900.000, Leaving Runners to the 1h Support formed at 1895.900.
– High Impact News ahead of the New York session starting with Core PCE Price Index m/m, followed by Revised UoM Consumer Sentiment and Revised UoM Inflation Expectations.
GBPJPY Technical Analysis 30.06.2023 1h chart– Previous Daily candle closed Doji Bearish at 182.490 as price has been consolidating on the Thursday across the 3 sessions.
– Buys on close above 182.890 targeting 1h Resistance at 183.420, Leaving Runners to the 30min Resistance formed at 183.770.
– Sells on close below 182.230 targeting 4h Support at 181.860, Leaving Runners to the next 4h Support formed at 181.590.
– Overall targets for Sells have being kept the same as yesterday’s analysis as price ranged above the Sell target area.
XAUUSD Technical Analysis 29.06.2023 1h chart– Previous Daily candle closed Bearish at 1907.500 breaking below Daily Support formed on Friday 23rd June 2023.
– Buys on close above 1912.400 targeting 4h Resistance formed at 1916.500, Leaving Runners to the Daily Resistance formed at 1923.200.
– Sells on close below 1905.400 targeting 4h previous Resistance formed on 15th March 2023 at 1901.900, Leaving Runners to the 15min Support formed at 1896.300.
– High Impact News ahead for the US Dollar, Fed Chair Powell due to speak at the Fourth Conference on Financial Stability hosted by the Bank of Spain in Madrid at Pre London session open, during the New York session we have Final GDP q/q, Unemployment Claims, Final GDP Price Index q/q and Pending Home Sales m/m.
GBPJPY Technical Analysis 29.06.2023 1h chart– Previous Daily candle closed Bearish at 182.490 forming new Daily Resistance at 183.620.
– Buys on close above 182.670 targeting 1h Resistance at 182.930, Leaving Runners to the 1h previous Support formed at 183.210.
– Sells on close below 182.140 targeting 4h Support formed at 181.860, Leaving Runners to the next 4h Support formed at 181.590
– As the Wednesday Daily candle corrected the Bullish move from Tuesday this week price could possibly consolidate within the current Daily price action as the June Monthly candle coming to a close.
XAUUSD Technical Analysis 28.06.2023 1h chart– Previous Daily candle closed Bearish at 1913.600 just below Daily Support formed on Friday 23rd June 2023 forming new Daily Resistance at 1925.200.
– Buys on close above 1918.200 targeting Daily Resistance formed at 1923.200, Leaving Runners to the 30min Resistance at 1928.700.
– Sells on close below 1911.100 targeting Daily Support formed on 15th March 2023 at 1903.800, Leaving Runners to the 15min Support formed on 15th March 2023 at 1896.300.
– Fed Chair Powell due to participate in a panel discussion titled ” Policy Panel ” at the ECB Forum on Central Banking in Sintra, Portugal.
GBPJPY Technical Analysis 28.06.2023 1h chart– Previous Daily candle closed strong Bullish at 183.620 forming new Daily Support at 182.380.
– Buys On Close Above 183.920 targeting Daily previous Support formed on 3rd December 2015 at 184.250, Leaving Runners to the Weekly previous Support formed on 30th November 2015 at 184.610.
– Sells on close below 183.410 targeting 4h previous Resistance formed at 183.060, Leaving Runners to the 1h Support formed at 182.700.
– High Impact News ahead for the Pound Sterling and Japanese Yen as Both Central Bank governors ” Bailey and Ueda ” due to participate in a panel discussion titled ” Policy Panel ” at the ECB Forum on Central Banking in Sintra, Portugal.
XAUUSD Technical Analysis 27.06.2023 1h chart– Previous Daily candle closed small Bullish at 1923.200 respecting the Highs and Lows of Friday.
– Buys on close above 1925.900 targeting 4h Resistance at 1931.900, Leaving Runners to the 15min Resistance formed at 1935.000.
– Sells on close below 1921.300 targeting 4h Support at 1918.300, Leaving Runners to the Daily Support formed at 1913.900.
– High Impact New ahead during the New York session, High Volatility expected during the New York Stock Exchange open leading to London close.
GBPJPY Technical Analysis 27.06.2023 1h chart– Previous Daily candle closed Doji Bearish at 182.380 rejecting the Friday Highs.
– Buys on close above 182.890 targeting Daily Resistance formed on 17th December 2015 at 183.320, Leaving Runners to the Daily previous Support formed on 16th October 2015 at 183.710.
– Sells on close below 182.270 targeting 4h Support formed at 181.900, Leaving Runners to the next 4h Support formed at 181.590.
– Price could possibly consolidate on the Daily or the 4h timeframe for most part of the week as the Monthly candle for June coming to a close by end of this week.
XAUUSD Technical Analysis 26.06.2023 1h chart– Previous Weekly candle closed strong Bearish at 1921.300 breaking below Weekly Support formed on 29th May 2023, Friday Daily candle closed weak Bullish forming Daily Support around 1913.800.
– Buys on close above 1923.500 targeting 4h Resistance formed at 1929.000, Leaving Runners to the next 4h Resistance formed at 1933.600.
– Sells on close below 1917.500 targeting Daily Support formed at 1913.500, Leaving Runners to the 1h Support formed at 1909.900.
– Ideally is to allow price consolidate during the Asian session and wait for strong confirmation during high volume times like the Pre London session or London open.
XAUUSD Technical Analysis 23.06.2023 1h chart– Previous Daily candle closed strong Bearish at 1913.900 tapping into the previous Daily Resistance formed on 14th March 2023.
– Buys on close above 1916.700 targeting 15min Resistance formed at 1920.500, Leaving Runners to the next 15min Resistance formed at 1924.100.
– Sells on close below 1910.400 targeting Daily Support formed on 15th March 2023 at 1903.800, Leaving Runners to the 15min Support formed on 15th March 2023 at 1896.200.
– High Impact News ahead of the New York session for Flash Manufacturing PMI and Flash Services PMI.
GBPJPY Technical Analysis 23.06.2023 1h chart– Previous Daily candle closed Bullish at 182.370 breaking above Daily Resistance formed on Monday this week.
– Buys on close above 182.570 targeting Daily previous Support formed on 16th December 2015 at 182.900, Leaving Runners to the Daily Resistance formed on 17th December 2015 at 183.320.
– Sells on close below 182.040 targeting 1h previous Support formed at 181.650, Leaving Runners to the 4h Support formed at 181.330.
– High Impact News ahead 1hour before the London session opens for the Retail Sales m/m. later into the London session we have Flash Manufacturing PMI and Flash Services PMI.
XAUUSD Technical Analysis 22.06.2023 1h chart– Previous Daily candle closed Bearish at 1932.500 leaving a Rejection wick at 1919.100.
– Buys on close above 1938.400 targeting previous 1h Support formed at 1945.300, Leaving Runners to the 4h Resistance at 1953.400.
– Sells on close below 1928.600 targeting 15min Support at 1923.600, Leaving Runners to fill the Wick of the previous Daily low at 1919.100.
– High and Medium Impact news during the New York session to be expected, FOMC Member Waller due to deliver opening remarks at the International Journal of Central Banking and Central Bank of Ireland Conference in Dublin, we also have Unemployment Claims, Existing Home Sales and Fed Chair Powell due to testify about Semi-Annual Monetary Policy Report before the Senate Banking Committee in Washington DC.
GBPJPY Technical Analysis 22.06.2023 1h chart– Previous Daily candle closed Bullish at 181.090 forming new Daily Support around 140.480.
– Buys on close above 181.250 targeting Daily Resistance formed at 181.870, Leaving Runners to the Weekly previous Support formed on 5th October 2015 at 182.300.
– Sells on close below 180.600 targeting 4h Support at 180.190, Leaving Runners to the 1h Support formed at 179.920.
– High Impact News ahead of the London session / Pre New York as Bank Of England announce decision on Bank Rate forecasted to increase by 0.25% to 4.75% previously was 4.50%, High Volatility expected during the news release.
XAUUSD Technical Analysis 21.06.2023 1h chart– Previous Daily candle closed strong Bearish at 1936.400 breaking below the major Daily Support formed around 1940s.
– Buys on close above 1939.000 targeting previous 4h Support formed at 1945.300, Leaving Runners to the 4h Resistance formed around 1952.800.
– Sells on close below 1929.900 targeting 4h previous Resistance formed on 16th March 2023 at 1923.900, Leaving Runners to the 4h Support formed at 1916.300.
– Fed Chair Powell due to testify about the Semi-Annual Monetary Policy Report before the House Financial Services Committee in Washington DC.
GBPJPY Technical Analysis 21.06.2023 1h chart– Previous Daily candle closed Bearish at 180.480 respecting Daily Resistance formed on Monday 19th June 2023.
– Buys on close above 180.600 targeting 30min Resistance at 181.100, Leaving Runners to the 1h Resistance formed at 181.570.
– Sells on close below 179.930 targeting 1 Support formed at 179.510, Leaving Runners to the 4h Support formed at 179.120.
– High Impact News ahead of the London session that could impact price movement with this pair, CPI y/y forecasted at : 8.4% previously was 8.7%.