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

Hello traders,

The USD news rocked the market and a few great setups are out for us to check out

 

1. EUR/JPY

In the past one month price has visited the key support zone three times.

Judging from the 3 pm candlestick on the EUR/JPY, I would advice buyers to be wary this Friday because we may see a false bullish move before the key support zone gets broken, and price hitting the first possible support level (142.501)

 

 

2. XAU/USD

Gold finally broke the key resistance zone that has been holding price for almost three months.

We may see a pullback before price visits the next possible resistance level (1800.98)

 

What say you?

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