wait for the pullback to the 61.8 fib and than let bearish momentum to continue the down trend
my video analysis for gold watch it and remember that video!
as we see dxy pushing up the gbpjpy that affect from gbpusd pushing to the down side
GOLD is about to short do to DXY longs gold shorts to area 1700 lets ride the wave!
EURUSD will continue to fall do to technical analysis and lots of fundamentals : 1) GDP growth in USA 2) Initial Jobless Claims the lowest we saw since march 2020 when the corona started 3) Fed Chair Powell yesterday enounced that 2021 will be a great year for the dollar those 3 major fundamentals started a new wave for the DXY the took EURUSD for shorts
As I published on GBPUSD shorts for the short term so the GBP/JPY i believe you know that this pairs are working the same so if we can see the price brakes 150.000 institutional / psychological level we can mark the next target of 147.500
As we can see the pandemic is rising for third wave on Europe and the UK and on the other hand USA vaccine is doing some work there so we looking for some bearish momentum for this week but on the bigger cycle GBP/USD will go up do to USA big issue with printing money and coming inflation lets see what will happen this week
I believe we are about to see a new push and growth on gold do to coming inflation talks all over the place and the DXY getting weak so be patient on the buy and wait for some nice retrace candle because the gold likes to live marks before he flay all the way up to 1800
I do believe that GBPUSD will push to 1.40500 and even higher do to weak Dxy and strong pound so I'm waiting to see support and then a growth to the upside and make some profits