Hello Traders,
Welcome back to another beautiful week.
How was your weekend?
Mine was great, hope yours was too?
So, let’s gear up for the week ahead.
1. EUR/USD
Price on the EUR/USD has risen to a critical resistance level (1.09988).
If price breaks through the present resistance level, we could see price hit the next possible resistance level (1.11116)
In my opinion, price could go either way. The present resistance level could also bounce price back to support level 1.08804.
2. USD/JPY
On the weekly chart, the USD/JPY has hit a key resistance level of an ascending trendline.
We can clearly see a bearish pin-bar on the weekly chart.
There is a huge possibility that price may re-visit support level 105.844 as the week progresses.
3. XAU/USD (GOLD)
On the daily chart, Gold has reached a key resistance level (1524.63)
If price breaks resistance level 1524.63, we could be seeing resistance level 1556.11 as price next target.
A reversal of price may also encourage price to revisit support level 1461.20.
We are done with our weekly analysis, join us during the week as we continue to dissect the market and pairs that are trending.
As always… Remain pip-full
