USD/JPY: a SELL opportunity
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
XAU/USD: an attempt to recover
Information is not investment advice
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461. The price has managed to break above the short-term downtrend line, MAs on the H1 support it. If gold rises above $1,467, it will bottom and have scope to strengthen to $1,472.35 (38.2% Fibo of November decline) and $1,476.40 (50-period MA on H4). We don’t count on further advance for now, as XAU/USD will run into the resistance of the 100-day MA at the mentioned levels. On the downside, a fall below $1,459 is needed to open the way to $1,446.
Elizabeth Belugina
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USD/CAD looks vulnerable
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
GBP/USD may go for resistance
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.
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