Tricky Friday presents us with USD/JPY & XAU/USD

Hello Traders,

Let’s hit the charts ladies and gents…

 

 

1. USD/JPY

USD/JPY on the daily chart has hit a key support level (106.563).

How the daily candlestick closes tonight will reveal to us if we are going to see price revisit resistance level 107.893 or breakout from the current support level to hit the next possible support level (105.065).

 

 

2. XAU/USD (GOLD)

Gold started today with a strong bullish move. 

Are we going to see buyers continue pulling price to the next resistance level (1688.40) or are they going to fizzle out before the close of market tomorrow?

Personally, my bias is bullish.

 

BE WARNED!

Tomorrow is Friday and known for its erratic nature, if you comfy trading in it, no problem, if you are not used to it, kindly exercise caution.

Do have an awesome weekend fam


 

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