JustForexideas

JustForexideas

GBP/JPY testing the above resistance line, we're seeing a pullback before a potential re test.

JustForexideas Updated 

Gold has broken the resistance on the 30M Timeframe after testing once earlier today, making the lower line a support and forming a new resistance line above meaning it has now entered a support and resistance channel and will be heading to the upper resistance of 1483 where our TP is set. Once hit we shall see if it'll test the resistance or continue in a...

JustForexideas

USD/JPY has been on a gradual downtrend and has now almost formed a bearish flag shape which should continue down to the line of support then potentially retest up to the trend line . News tomorrow 14:45 could have an affect on this.

JustForexideas

XAU/USD is going in sideways movement forming a gradual downtrend testing the S&R. If it breaks the lower support we're looking at a bearish breakout to the 1458 - 1461 level. Then a potential retest back up to 1477-1483 area in the next few days. However US news release regarding the United States-Mkit services Flash-Markit at 14:45 tomorrow could create...

JustForexideas

GBP is testing resistance level 1.29100 and nearing 70 on the RSI however is not showing signs of a break through. It has tested between the Support and Resistance levels and I believe it will begin to form a bearish trend back down to the weekly support level once the weekend has passed.