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.
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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.
GBPJPY Technical Analysis 26.06.2023 1h chart– Previous Weekly candle closed Bullish at 182.670 and the Friday Daily candle also closed Bullish above the recent Daily Resistance formed on Monday last week.
– Buys on close above 183.000 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 182.390 targeting Daily / 4h previous Resistance formed on 20th June 2023 at 181.920, Leaving Runners to the 4h Support formed at 181.580.
– Ideally is to allow price to consolidate during the Asian session for market open and to wait for higher volume session (Pre London session) to have a higher probability setup.
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%.
XAUUSD Technical Analysis 20.06.2023 1h chart– Previous Daily candle closed Bearish at 1950.400 respecting Daily Resistance formed on Friday last week.
– Buys on close above 1953.100 targeting Daily Resistance at 1958.100, Leaving Runners to the Weekly Resistance formed at 1961.400.
– Sells on close below 1947.900 targeting Daily Support formed at 1942.200, Leaving Runners to the Monthly previous Resistance formed in April 2022 at 1937.900.
– For Buys targets are smaller than usual as Daily keeps rejecting above the 1960s.
GBPJPY Technical Analysis 20.06.2023 1h chart– Previous Daily candle closed Bearish at 181.480 forming Daily Resistance around 181.850.
– Buys on close above 182.030 targeting the previous Weekly Support formed on 5th October 2015 at 182.320, Leaving Runners to the previous Daily Support formed on 16th December 2015 at 182.890.
– Sells on close below 181.220 targeting 30min previous Resistance formed around 180.680, Leaving Runners to the 1h Support formed at 180.250.
– As Daily formed Resistance it would be good to have price retrace on the higher timeframe and form Support and a new Range to then retest the current Highs to play the overall higher timeframe Bullish trend.
XAUUSD Technical Analysis 19.06.2023 1h chart– Previous Weekly candle closed weak Bearish at 1957.800 forming weak Weekly Resistance around 1961.300, Friday Daily candle closed Doji Bearish rejecting the Daily Resistance formed on Friday 9th June 2023.
– Buys on close above 1961.100 targeting 1h Resistance formed at 1966.100, Leaving Runners to the 4h Resistance around 1969.800.
– Sells on close below 1953.300 targeting Weekly Support formed around 1948.000, Leaving Runners to the Daily Support formed at 1942.200.
– Monday might be low volume day across the 3 sessions due to US Bank Holiday as Banks will be closed in observance of Juneteenth.
GBPJPY Technical Analysis 19.06.2023 1h chart– Previous Weekly candle closed strong Bullish at 181.860 as the strong Bullish momentum continues, Friday Daily candle also closed strong Bullish.
– Buys on close above 182.300 targeting Daily previous Support formed on 16th December 2015 at 182.890, Leaving Runners to the Daily Resistance formed on 17th December 2015 at 183.320.
– Sells on close below 181.550 targeting 15min Support formed at 181.030, Leaving Runners to the 1h previous Resistance formed at 180.500.
– Ideally is to allow the Asian session to consolidate and form a new range for the start of the Weekly candle to then for price to breakout of the Zone during the London / New York session.
XAUUSD Technical Analysis 16.06.2023 1h chart– Previous Daily candle closed Bullish at 1958.000 back within the Daily Range forming new Daily Support at 1942.000 as price rejects the Monthly previous Resistance formed in February 2023.
– Buys on close above1960.300 targeting Daily Resistance formed at 1965.600, Leaving Runners to the 4h Resistance at 1970.000.
– Sells on close below 1953.000 targeting Weekly Support formed at 1948.000, Leaving Runners to the Daily Support formed at 1942.200.
– High Impact News ahead of the New York session starting with FOMC Member Waller participating in a panel discussion titled ” Challenges Facing Macroeconomic Policy ” at the Norges Bank, the International Monetary Fund and the IMF Economic Review joint conference on ” The Future of Macroeconomics Policy” in Olso. We also have Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.