EURGBP- The pair continues to retain its upside pressure in the short term. Support lies at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break will expose the 0.8800 level. Its weekly RSI is bullish suggesting more strength. Conversely, resistance resides at the 0.9000 level where a violation if seen will turn risk towards the 0.9050 level.
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AUDUSD. The pair looks to strengthen further after closing higher on Thursday. Support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. On the upside, resistance lies at the 0.7250 level.
GOLD: The commodity saw a price rejection on Thursday leaving risk of a move higher in the days ahead. On the downside, support comes in at the 1,170.00 level where a break will turn attention to the 1,160.00 level. Further down, a cut through here will open the door for a move lower towards the 1,150.00 level. Below here if seen could trigger
Yesterday I had an interesting consultation with one of my long standing professional trading clients: He observed that his desire to win was oftentimes superseded by the desire not to lose. He said whenever he traded like that he would lose money. I was delighted that my client had made this profound observation about his deeper emotions. These kinds of insights, when they
EURUSD: The pair looks to weaken further in the days ahead as it retains its downside pressure. On the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Conversely, support lies at the 1.1300
USDJPY: The pair looks to extend further recovery higher as more strength is likely. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level. Further out,
GBPUSD: The pair continues to retain its downside pressure selling as it retains its broader downside pressure. Support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards the 1.2550 level. Conversely, resistance stands at the 1.2750 levels with a
GOLD: The commodity continues to hold on to its recovery pressure. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure targeting the 1,170.00 level. Conversely,