Wednesday market analysis: USD/JPY, GBP/JPY & XAU/USD

Hello traders,

let’s hit the charts:

1. USD/JPY

USD/JPY has reached a key resistance level.

There is a huge possibility that price may revisit NPSZ before the week runs out.

2. GBP/JPY

I shared this GBP/JPY setup on our weekly analysis

If the daily candlestick closes with a bearish engulfing candlestick, we should be looking for bearish entries, and hopefully join sellers to ride price to NPSL.

3. XAU/USD (GOLD)

The bulls are still winning the fight on Gold.

The multiple rejections at the key support zone already shows that sellers have no interest in selling Gold for now. Picking the green zone as our NPRZ wont be a bad idea

What say you?

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