XAUUSD, H4 Following on from last weeks news, price is back inside the short-term ascending channel and just below a short-term key horizontal resistance level 1835. Look out for a potential break of this level where it’s likely we’ll see further upside movement, if price rejects and fails to break, it’s likely we’ll see further consolidation.
XAUUSD, Daily Price action doesn't look promising right now. We broke under a rising trend line and have been ranging from there, however, price is now above the 50 DMA. What would look promising for the metal is if it could break out of the $1700s and remain above the 200-day MA. A close above that moving average could be enough to bring gold up to the $1820-30s...
GBPJPY, Daily Price sinks after the Bank of England decided to keep rates where they are at 0.1%. Price is nearing support around 153.460 which is also just above the 50 DMA on the 1D chart.
AUDJPY might push slightly lower before rebound back up to resistance level @ 86.338