Hello Traders,
Let’s see what the market has for us this Thursday.
1. EUR/JPY
The EUR/JPY has been maintaining an ascending channel for almost a month now
Price is currently stalling the 127.084 resistance level and if the current resistance level is able to contain price, we may see price return to support level 126.227
Personally, if I were to take this trade, I would prefer it breaking resistance level 127.084, then I would look for a buy opportunity to the next possible resistance level (130.110)
2. XAU/USD
Price on Gold is resting on a key support level (1903.39).
A reversal may encourage buyers to push price back to resistance level 1958.19, and a breakout means the bears continuing their downward move to support level 1860.66
What say you?
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