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EUR/USD is trading above 1.1050, extending its gains. The US and China held high-level talks over the weekend and hailed them as "constructive." Several ECB members speak today.
From the chat the pair is a downward trend, buyers might still push up the price and later drop,if we get to see a breakout from the drop.......sellers will still push the price down.......
Gold is trading at 1459.00 region, If later the pair breaks this level to the downside, the price may fall to break 1439.00 region and then continue trading downwards with the target at 1400.00 However, if the market breaks 1500.00 to the upside, the instrument may continue the correction to reach 1555.00
From a Technical view of support and resistance, the GBP/CAD cross rose to test a key resistance level in early trading of today. We seeing price at a key resistance area for the beginning of a drop.
Pending Entry: 1.71927
Gbpjpy it is forming like a wedge pattern rite now in this chart i can see short setup as i mention on chart price is making lower low & lower highs . In RSI we can see diversion in daily timeframe but in lower time frame i see still it is in bearish mode