GBPJPY lost more than 500 pips in the past two days on the weak pound sterling. immediate support is around 162, breach below will drag the pair to the next level to 160/159.
Technical: The near–term support is around $1890, a breach below targets $1870/$1850. The yellow metal faces strong resistance of $1917, any breach above will take to the next level $1932/$1950/$1970.
Gold weekly 21-EMA Hold Support Gold continues to trade weak for the second consecutive week on board-
The pair is extending bullish streak for the sixth consecutive session Price action trades shy of 200-DMA and break above eyes channel top at 0.8490
GBP/CHF rejected at 200-DMA, eyes trendline support at 1.2110 Price action has slipped below 200H MA and GMMA indicator shows major and minor trend have turned bearish on the intraday charts
XAUUSD Major Moving Average 21-EMA and 200-MA "Cross Over" RSI and Stoch Momentum Bearish
BTCUSD surged sharply above $39000 on upbeat market sentiment. The pair breaks 21- EMA after a long consolidation. The breach above confirms minor bullishness. A jump to the next level of $43500/$46000/$48300 is possible.
Silver Edges below 200-EMA Down side eyes 200-DMA Support
GBPJPY declined slightly on the weak Pound sterling. Technicals: On the lower side, immediate support is around 164.50, breach below will drag the pair to the next level to 164/163.90/162.85. The minor resistance to be watched is around 168,
USDCAD regained sharply after the Fed Chairman's speech. Technical: USDCAD is holding above short-term (21 EMA), medium-term (55 EMA), and below long-term ( 200 MA) 1.26110 in the 4-hour chart. buy on dips around 1.2600 with SL around 1.2520 for a TP of 1.2750.
Gold under pressure after Fed Chairman speech. Technical: The near–term support is around $1938, violation below targets $1919/$1900. sell 1960 SL around $2000 TP of $1890
BTCUSD surged sharply above $42000 on upbeat market sentiment. Bull case- Primary supply zone -$42500. The breach above confirms minor bullishness. A jump to the next level of $43500/$46000/$48300 is possible. CCI (50) holds above the zero line in the 4-hour chart. buy on dips around $42000
AUDJPY consolidates near 7-year highs, AUD/JPY poised for further gains. Little resistance seen till next bull target at 97 mark.
Technicals: On the lower side, immediate support is around 166, The minor resistance to be watched is around 168, a break above that level confirms intraday bullishness, and a jump to 168/170 is possible.
The pair is consolidating bounce off 50-DMA support, holds break above 5-DMA Technical analysis shows major trend is bullish, while minor trend is turning bullish on the daily charts. Major Resistance Levels: R1: 0.7464 (20-DMA) R2: 0.7 Major Support Levels: S1: 0.7427 (21-EMA) S2: 0.7400 (5-DMA)
Gold continues to trade lower despite minor profit booking in US treasury yields. Global stock market- bullish (Negative for gold) US dollar index –Bullish (negative for gold) Technical: The near–term support is around $1938, violation below targets $1919/$1900. good to sell $1960 SL $1980 TP $1890.
Technicals: On the lower side, immediate support is around 166, breach below will drag the pair to the next level to 165/163.90/162.85.
USD/JPY slips lower from 20-year high, weakness on account of technical correction, bias still bullish Overbought conditions on oscillators and Spinning top on the daily candle may drag the pair lower Major Support Levels: S1: 127.30 (5-DMA) S2: 126.13 (200H MA)