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The trend stays downwards. Most likely, the pair will continue to decline but before, it can consolidate within the narrowing channel of 1.1510–1.1665. A sharp fall from the current level in case of the publication of positive US data is less likely. The main scenario is the growth from the minimum at 1.1510 to the levels of 1.1600, 1.1665 and the formation of a new downward wave with the target at 1.1430 (the strongest support level). Technical indicators confirm the forecast, MACD short positi…
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GOLD
As Gold managed to hold trades below resistance zone 1335-60 a drop correction find the way where market looking to test 1317-20 support zonefrom that zone a rebound movement may hit the market again toward 1340-44 zonebelow 1317 market will face support at 1310 and 1303 where below 1303 market may head for farther drop movement toward 1285-96 zone
USDJPY
Market still holding trades inside tight zone where support at 100.10 and resistance at 101.20as long as market holding trades below 101.20 the downtrend pressure will sustain where another chance to head toward 99.00-20 will be availableabove 101.20 market will face the downtrend resistance around 102.20 which may push market for another drop movement