Today was a volatile day for Gold due to the FOMC press conference, but based on current MA indicators and the DXY, I am expecting the pairing to continue short for the time being.
Sell Entry: 1931.50
Targets: 1929.00 | 1926.80 | 1924.00 | 1922.50 | 1920.50
If price falls below 1917.00 we could potentially see targets as low as 1908.00...
Today was a volatile day for USDJPY due to the FOMC press conference, but based on current MA indicators and the DXY, I am expecting the pairing to continue long until tomorrow's JPY red folder event.
I have based my chart on the last time UJ saw current price points in November 2022.
Buy Entry: 148.450
Targets: 148.600 | 148.740 | 149.000 | 149.200 |149.400...
Expecting USDJPY to go into a sell if price pushes below 145.600 . The pairing has been volatile this week due to economic news releases but based on MA indicators and the DXY chart, USD should be dropping for a bit in the next few hours triggering a sell.
Sell Entry: 145.600
Targets: 145.430 | 145.200 | 144.950 144.800
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Expecting USDJPY to go into a short-term buy based on current chart indicators and DXY upward movement.
I have based my chart off the last time USDJPY saw current price points in November 2022. If the pairing cannot top price 146.600 we could see some deep retracement from here.
Buy Entry: 146.620
Targets: 146.800 | 146.940 | 147.100 | 147.250
Expecting USDJPY to drop due to this evening's BOJ news release and press conference. Based on the nature of the news and market indicators, there is a strong chance that the developments favor the Yen over USD. If price goes over 141.500 there is a chance for a buy.
Sell Entry: 140.000
Targets: 139.680 | 139.360 | 139.000 | 138.700 | 138.245 | 137.815 |...
Expecting UJ to go into sell once price breaks 139.500 based on MA indicators. A weakening DXY also supports the idea. If price breaks below 138.250 there is potential for a further sell onto 137.500-400 price area. Resistance/Stop loss is around price 140.000.
Sell Entry: 139.500
Targets: 139.300 | 139.185 | 139.000 | 138.840 | 138.700 | 138.500 |...
Expecting XAUUSD to see some bullish continuation after a drop to price 1932.00 back up to 1960.00 last night. MA indicators and a strong Gold trend vs a weakening DXY also supports this idea. A break below price 1950.00 may indicate bearish movement.
Buy Entry: 1962.00
Targets: 1965.00 | 1969.50 | 1972.50 | 1976.00 | 1979.50 | 1982.00
USDJPY slowed down this week after seeing some bullish movement for last two. There is a chance thar UJ will go into a short-term buy based on MA indicators, support is forming around price 134.300 . If price rises above 135.400 we may see it reach resistance price 136.100 .
Buy Entry: 134.800
Targets: 134.930 | 135.050 | 135.400 | 135.670 | 135.950...
XAUUSD has been stagnant for the past week, only seeing some volatile movement during US economic news announcements. Current pricing seems to be finding resistance at 2021.00 , so I am expecting Gold to lose a little steam now. If price goes below 2004.00 it may swing down to support 1989.00 .
Sell Entry: 2011.00
Targets: 2008.00 | 2004.00 | 2001.00 |...
USDJPY has been in a bullish outbreak since last Friday, finally seeing some substantial movement after a pretty stoic year. I'm expecting more the pairing to go into a short after initially seeing a bearish tip this morning due to JOLTS. There is potential for UJ to short back down to support ranges where the bullish momentum initially began.
Sell Entry: ...
Expecting USDJPY to break into a sell again, charting is similar to my most recent posting. Within in the last week UJ completed the previous support cycle down to price 132.000 and slowly drove back up to resistance areas. I am expecting the downward cycle to begin again as the dollar continues to lose steam without too many bullish gains. MA convergence...
Expecting Gold to slowly move back up after seeing some cool-off of last week's high of 2032.00 . MA indicators are showing signals of a bullish convergence, and a weakening DXY should favor a Gold buy.
Buy Entry: 1995.00
Targets: 1997.00 | 2000.00 | 2003.00 | 2005.00 | 2008.00 | 2012.00 | 2015.00 | 2018.50
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Expecting USDJPY to drop back down and retrace a bit after seeing strong, bullish motion since Sunday market open. MA indicators are converging and signaling strong downward movement on the hourly chart.
Sell Entry: 133.500
Targets: 133.320 | 133.050 | 132.860 | 132.700 | 132.530 | 132.310 | 132.170
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XAUUSD seems set to continue its bullish motion after the price shot up this morning due to JOLTS job opening data. The release tanked the Dollar causing Gold to rise. There is still a small sell gap left to fill on the DXY before the pattern wave is completed, and I am expecting XAUUSD to finish the pattern as well triggering a continued short-term buy for Gold ....
Expecting the DXY to fall some more as there is a small gap left to fill, which should result in a continued short for USDJPY. MA chart indicators are also signaling more downward movement for the pairing. Pricing may initially find support around the 130.620-130.420 price area, and either push back up into bullish motion or retrace back down to support price ...
Tokyo Core CPI data will be released in about 2 hours, and I am expecting the news to favor the Yen triggering a short. A price above 133.000 signals potential bullish motion.
Sell Entry: 132.200
Targets: 131.900 | 131.650 | 131.475 | 131.300 | 131.050 | 130.850 | 130.620
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Expecting Gold to continue its upward trend and fill the gap to projected resistance price of about 2003.00 based on Gold's trading range within in the last week. DXY is projected to fall based on moving average chart indicators, which favors a Gold buy.
Buy Entry: 1975.00
Targets: 1977.00 | 1980.00 | 1984.00 | 1987.00 | 1991.00 | 1995.00 | 1999.00...
Expecting Gold to continue falling in price after seeing some slight retracement back up.
MA convergence indicators and chart formation shows a preference for a continued fall. Sell gap should close around price 1909 .
Sell Entry: 1935.00
Targets: 1930.00 | 1927.00 |1923.00 | 1919.00 | 1915.00
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