Weekly Market Analysis: USD/JPY, CHF/JPY & XAU/USD

Hello traders,

let’s hit them charts:

1. USD/JPY

Buyers maintained the 200 ma bounce before the close of market yesterday

Judging from the strong bullish momentum on the higher time frame, there is a huge possibility that the key resistance zone on the 4 hour time frame will br broken this week

2. CHF/JPY

CHF/JPY went flat after we bought last week

I am still holding the trade as the trendline is still valid

3. XAU/USD

A strong bullish pinbar bouncing off an ascending trendline and an overbought stochastic adds fire to my bullish bias on Gold.

I will be looking for buy opportunities on the 4 hour timeframe

What say you?

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