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GBPJPY Technical Analysis 02.06.2023 1h chart– Previous Daily candle closed Bullish at 173.820 forming new Daily Support around 173.300. – Buys on close above 174.100 targeting Daily Resistance formed on 2nd February 2016 at 174.580, Leaving Runners to the Weekly Rejection formed on 1st February 2016 at 175.020. – Sells on close below 173.580 targeting Daily Support formed at 173.300, Leaving Runners to the 1h Support formed at 173.020. – Despite the Thursday Daily candle closing Bullish above the weak Daily Resistance formed this week price is still consolidating on the 4h and 1h timeframe so ideally is to wait for a good confirmation before taking any positions.
by SalimFX20
2
XAUUSD Technical Analysis 01.06.2023 1h chart– Previous Daily candle closed Bullish at 1962.800 respecting Daily Support formed on Tuesday this week. – Buys on close above 1967.000 targeting 30min Resistance at 1973.000, Leaving Runners to the 4h Resistance at 1979.800. – Sells on close below 1960.600 targeting 4h Support at 1954.900, Leaving Runners to the 1h previous Resistance formed on 29th May 2023 at 1949.200. – High Impact News ahead for the US Dollar during the New York session, starting with ADP Non-Farm Employment Change, Unemployment Claims followed by ISM Manufacturing PMI, ISM Services PMI. Later on the day we have FOMC Member Harker speaking about the economic outlook at an online event hosted by National Association for Business Economics.
FOREXCOM:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 01.06.2023 1h chart– Previous Daily candle closed Bearish at 173.300 leaving a Rejection wick around 172.520. – Buys on close above 173.570 targeting 1h Resistance at 173.950, Leaving Runners to the 30min Resistance at 174.290. – Sells on close below 173.020 targeting 1h Support at 172.670, Leaving Runners to the 4h Support formed around 172.310. – As Wednesday Daily candle closed back within the range it would be ideal to wait for confirmation before taking positions and to manage risk accordingly.
by SalimFX20
XAUUSD Technical Analysis 31.05.2023 1h chart– Previous Daily candle closed strong Bullish at 1959.600 forming new Daily Support around 1943.200, Price have also retested the Monthly Key Level around 1930s. – Buys on close above 1963.000 targeting Weekly previous Support formed on 3rd April 2023 at 1969.300, Leaving Runners to the Daily Resistance formed on 24th May 2023 at 1975.300. – Sells on close below 1957.100 targeting 4h Support at 1952.800, Leaving Runners to the 4h previous Resistance formed around 1947.200. – High Impact News ahead for the New York session starting with JOLTS Job Openings, FOMC Member Harker due to participate in a fireside chat about global macroeconomy and monetary conditions at an event hosted by the Official Monetary and Financial Institutions Forum in Philadelphia after London Close.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 31.05.2023 1h chart– Previous Daily candle closed Doji Bullish at 173.480 as Daily rejects the 173.300 area. – Buys on close above 173.290 targeting 30min Resistance at 174.290, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.600. – Sells on close below 173.110 targeting 1h previous Resistance formed on Thursday 25th May 2023 at 172.730, Leaving Runners to the 1h strong Support formed at 172.280. – Targets for Sells remained the same as the Analysis posted yesterday as price respected the 1h Support around 173.100.
by SalimFX20
XAUUSD Technical Analysis 30.05.2023 1h chart– Previous Daily candle closed Bearish at 1943.200 forming a Minor Resistance around 1946.600 as price has being ranging on the Monday trading sessions due to US Bank Holiday. – Buys on close above 1949.000 targeting 4h Resistance at 1954.200, Leaving Runners to the next 4h Resistance at 1961.300. – Sells on close below 1940.200 targeting 30min Support at 1935.000, Leaving Runners to the Weekly previous Resistance formed on 30th January 2023 at 1928.400. – High Impact News ahead CB Consumer Confidence during the New York Stock Exchange session.
FOREXCOM:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 30.05.2023 1h chart– Previous Daily candle closed Doji Bearish at 173.460 forming a Rejection wick to the upside – Buys on close above 173.600 targeting 1h Resistance at 173.940, Leaving Runners to the Daily Resistance formed on 2nd February 2016 at 174.550. – Sells on close below 173.100 targeting 1h previous Resistance at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280. – Overall price has been ranging on Monday due to UK Bank Holiday, Ideally is to wait for a better confirmation to have a higher probability winning trade.
by SalimFX20
XAUUSD Technical Analysis 29.05.2023 1h chart– Previous Weekly candle closed Bearish at 1946.900 breaking and closing below Weekly Support formed on 3rd April 2023, Daily closed Bullish forming Support at 1940.400. – Buys on close above 1950.500 targeting Daily previous Support formed on 19th May 2023 at 1957.500, Leaving Runners to the 4h Resistance formed at 1962.500. – Sells on close below 1940.200 targeting 30min Support formed on 17th March 2023 at 1935.000, Leaving Runners to the 4h Support formed on 17th March 2023 at 1928.400. – Monday Bank Holiday in observance of Memorial Day, Volume may be lower than usual as US Banks will be closed.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 29.05.2023 1h chart– Previous Weekly candle closed Bullish at 173.510 closing above Weekly Resistance formed on 1st week of February 2016, Friday Daily candle also closed Bullish breaking out of the recent Daily Consolidation zone. – Buys on close above 173.750 targeting Daily Resistance formed on 2nd February 2016 at 174.550, Leaving Runners to the Weekly Rejection wick formed on 1st February 2016 at 175.020. – Sells on close below 173.200 targeting 1h previous Resistance formed at 172.730, Leaving Runners to the 1h Strong Support formed at 172.280. – Monday Bank Holiday in observance of the Summer Bank Holiday, Volume may be lower than usual as UK Banks will be closed.
by SalimFX20
XAUUSD Technical Analysis 26.05.2023 1h chart– Previous Daily candle closed Bearish at 1940.500 closing below Daily Support formed on Friday 19th May 2023 and tapping into Daily Support formed on 22nd March 2023. – Buys on close above 1946.700 targeting previous 1h Support formed at 1955.500, Leaving Runners to the 4h Resistance formed at 1962.500. – Sells on close below 1937.000 targeting 4h previous Resistance formed on 17th March 2023 at 1931.000, Leaving Runners to the 30min Support formed on 17th March 2023 at 1926.900. – High Impact News ahead for the US Dollar during the New York session for the PCE Price Index m/m, Core Durable Goods Orders m/m, Durable Goods Orders m/m and the Revised UoM Consumer Sentiment.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 26.05.2023 1h chart– Previous Daily candle closed Doji Bullish at 172.490 as the price keeps on ranging. – Buys on close above 172.790 targeting 4h Resistance formed on 3rd February 2016 at 173.300, Leaving Runners to the 4h Rejection wick formed on the 3rd February 2016 aswell. – Sells on close below 171.960 targeting Daily Support formed at 171.650, Leaving Runners to the 4h Support formed at 171.340. – High Impact News at the Pre Asian session for Japanese Yen for Tokyo Core CPI y/y. We also have Retail Sales m/m data for the Pound Sterling before London open.
by SalimFX20
1
XAUUSD Technical Analysis 25.05.2023 1h chart– Previous Daily candle closed Bearish at 1957.200 closing below Daily Support formed on Friday 19th May 2023, forming new Daily Resistance around 1975.200. – Buys on close above 1962.600 targeting Weekly previous Support formed on 3rd April 2023 at 1969.100, Leaving Runners to the Daily Resistance formed at 1975.200. – Sells on close below 1952.500 targeting 4h Support at 1945.700, Leaving Runners to the Daily Support formed at 1940.100. – High Impact News ahead for the USD 30min after New York session open starting with Prelim GDP q/q, Unemployment Claims and followed by Prelim GDP Price Index q/q and Pending Home Sales m/m.
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 25.05.2023 1h chart– Previous Daily candle closed Bullish at 172.420 as the Daily consolidating for almost 1 week. – Buys on close above 172.660 targeting Weekly Resistance formed on 1st February 2016 at 172.900, Leaving Runners to the 4h Resistance formed on 3rd February 2016 at 173.300. – Sells on close below 171.960 targeting Daily Support formed at 171.650, Leaving Runners to the 4h Support formed at 171.340. – Ideally is to wait for a better confirmation during high volume time and to secure when possible as price consolidating on the higher timeframe.
by SalimFX20
XAUUSD Technical Analysis 24.05.2023 1h chart– Previous Daily candle closed small Bullish candle at 1975.100 leaving 170+ wick to the downside as price rejects Daily Support formed on Friday 19th May 2023. – Buys on close above 1977.800 targeting 4h Resistance at 1981.300, Leaving Runners to the 1h Resistance formed at 1985.300. – Sells on close below 1972.000 targeting 1h Support at 1967.300, Leaving Runners to the 30min previous Resistance formed at 1961.600. – Treasury Secretary Yellen due to participate in a fireside chat titled ” The U.S Economy ” at the Wall Street Journal’s CEO Council Summit.
OANDA:XAUUSD
by SalimFX20
3
GBPJPY Technical Analysis 24.05.2023 1h chart– Previous Daily candle closed Bearish at 171.970 forming new Daily Resistance around 172.320 as the Daily timeframe has been ranging. – Buys on close below 172.330 targeting 1h Resistance at 172.560, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900. – Sells on close below 171.870 targeting Daily Support at 171.650, Leaving Runners to the 1h Support formed at 171.400. – High Impact News ahead for the UK Economy at Pre London as CPI y/y data to be released forecasting 8.2%, previously was : 10.1%, Bank Of England Governor Andrew Bailey due to speak at the Net Zero Delivery Summit in London at 10:30 GMT, He is also due to participate in a fireside chat titled ” Inflation and the Economy ” at the Wall Street Journal’s CEO Council Summit at 14:00.
by SalimFX20
XAUUSD Technical Analysis 23.05.2023 1h chart– Previous Daily candle closed small Bearish at 1971.700 forming new Daily Resistance at 1977.900. – Buys on close above 1975.800 targeting 4h Resistance at 1981.300, Leaving Runners to the 1h Resistance formed at 1985.300. – Sells on close below 1969.000 targeting 30min previous Resistance formed on 19th May 2023 at 1962.000, Leaving Runners to the Daily Support formed at 1957.600. – High Impact News for the New York Stock Exchange session for Flash Manufacturing PMI and Flash Services PMI.
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 23.05.2023 1h chart– Previous Daily candle closed Bullish at 172.320 forming new Daily Support at 171.680 as price breaks above the Daily Resistance formed last Friday. – Buys on close above 172.500 targeting Weekly Resistance formed at 172.900, Leaving Runners to the 4h Resistance formed on 3rd February 2016 at 173.300. – Sells on close below 172.050 targeting 30min Support at 171.740, Leaving Runners to the 4h Support formed at 171.460. – High Impact News for the Pound Sterling during the London session for Flash Manufacturing PMI and Flash Services PMI.
by SalimFX20
1
XAUUSD Technical Analysis 22.05.2023 1h chart– Previous Weekly candle closed Bearish at 1977.900 , Friday Daily candle closed Bullish forming new Daily Support at 1957.700. – Buys on close above 1984.300 targeting 1h Resistance at 1989.300, Leaving Runners to the next 1h Resistance formed at 1993.400. – Sells on close below 1973.000 targeting 1h previous Resistance formed at 1967.900, Leaving Runners to the 4h Support formed at 1960.700. – Price could possibly retest the broken Daily Support formed on Monday 15th May 2023 as clean traffic on the left once price breaks above 1993 area.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 22.05.2023 1h chart– Previous Weekly candle closed Bullish at 171.620 forming new Weekly Support around 168.920, Friday Daily candle closed Bearish forming new Daily Resistance at 172.060. – Buys on close above 171.930 targeting 30min Resistance at 172.330, Leaving Runners to the Weekly previous Resistance formed on 1st February 2016 at 172.900. – Sells on close below 171.210 targeting 4h previous Resistance formed on 10th May 2023 at 170.810, Leaving Runners to the 4h Support formed at 170.310. – Ideally is to wait for price to consolidate during the Asian session to have a better probability trading setup around the London session.
by SalimFX20
XAUUSD Technical Analysis 19.05.2023 1h chart– Previous Daily candle closed strong Bearish at 1957.600 breaking below multiple higher timeframe Supports (Weekly + Daily). – Buys on close above 1960.400 targeting previous Daily Support formed on 30th March 2023 at 1964.500, Leaving Runners to the previous Weekly Support formed around 1969.500. – Sells on close below 1952.000 targeting 4h Support formed at 1945.600, Leaving Runners to the Daily Support formed at 1940.400. – Fed Chair Powell due to participate in a panel discussion titled ” Perspectives on Monetary Policy ” at the Thomas Laubach Research Conference in Washington DC
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 19.05.2023 1h chart– Previous Daily candle closed small Bullish at 172.050 as the 4h timeframe has been consolidating during the Thursday trading session. – Buys on close above 172.330 targeting Weekly Resistance formed on 1st February 2016 at 172.900, Leaving Runners to the 4h Resistance formed on 3rd February 2016 at 173.300. – Sells on close below 171.770 targeting 4h Support at 171.340, Leaving Runners to the 30min Support formed at 171.030. – Friday Daily candle could possibly wick up then reject pulling back closing Bearish to form Resistance, Idea based on the recent Daily candle and 4h consolidation zone.
by SalimFX20
XAUUSD Technical Analysis 18.05.2023 1h chart– Previous Daily candle closed Bearish at 1982.000 respecting the Weekly Support formed on 1st May 2023 as price have been ranging on the Hourly timeframe. – Buys on close above 1984.700 targeting 1h Resistance at 1988.800, Leaving Runners to the 4h Resistance formed at 1992.400. – Sells on close below 1977.500 targeting 1h Support at 1973.500, Leaving Runners to the Weekly Support formed at 1969.100. – High Impact News ahead of the New York session starting with Unemployment Claims and Philly Fed Manufacturing Index followed by Existing Home Sales data.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 18.05.2023 1h chart– Previous Daily candle closed strong Bullish at 171.870 breaking above Daily Resistance formed on Tuesday and forming new Daily Support around 170.200. – Buys on close above 172.080 targeting 4h Resistance formed on 4th February 2016 at 172.350, Leaving Runners to the Weekly Resistance formed on 1st February 2016 at 172.900. – Sells on close below 171.530 targeting 30min Support at 171.030, Leaving Runners to the Daily previous Resistance formed on 10th May 2023 at 170.630. – Monetary Policy Report Hearings during the London session at the UK Parliament as Bank Of England Governor Andrew Bailey and several MPC members testify on Inflation and the economic outlook.
by SalimFX20