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GBPJPY Technical Analysis 20.06.2023 1h chart– Previous Daily candle closed Bearish at 181.480 forming Daily Resistance around 181.850. – Buys on close above 182.030 targeting the previous Weekly Support formed on 5th October 2015 at 182.320, Leaving Runners to the previous Daily Support formed on 16th December 2015 at 182.890. – Sells on close below 181.220 targeting 30min previous Resistance formed around 180.680, Leaving Runners to the 1h Support formed at 180.250. – As Daily formed Resistance it would be good to have price retrace on the higher timeframe and form Support and a new Range to then retest the current Highs to play the overall higher timeframe Bullish trend.
by SalimFX20
XAUUSD Technical Analysis 19.06.2023 1h chart– Previous Weekly candle closed weak Bearish at 1957.800 forming weak Weekly Resistance around 1961.300, Friday Daily candle closed Doji Bearish rejecting the Daily Resistance formed on Friday 9th June 2023. – Buys on close above 1961.100 targeting 1h Resistance formed at 1966.100, Leaving Runners to the 4h Resistance around 1969.800. – Sells on close below 1953.300 targeting Weekly Support formed around 1948.000, Leaving Runners to the Daily Support formed at 1942.200. – Monday might be low volume day across the 3 sessions due to US Bank Holiday as Banks will be closed in observance of Juneteenth.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 19.06.2023 1h chart– Previous Weekly candle closed strong Bullish at 181.860 as the strong Bullish momentum continues, Friday Daily candle also closed strong Bullish. – Buys on close above 182.300 targeting Daily previous Support formed on 16th December 2015 at 182.890, Leaving Runners to the Daily Resistance formed on 17th December 2015 at 183.320. – Sells on close below 181.550 targeting 15min Support formed at 181.030, Leaving Runners to the 1h previous Resistance formed at 180.500. – Ideally is to allow the Asian session to consolidate and form a new range for the start of the Weekly candle to then for price to breakout of the Zone during the London / New York session.
by SalimFX20
XAUUSD Technical Analysis 16.06.2023 1h chart– Previous Daily candle closed Bullish at 1958.000 back within the Daily Range forming new Daily Support at 1942.000 as price rejects the Monthly previous Resistance formed in February 2023. – Buys on close above1960.300 targeting Daily Resistance formed at 1965.600, Leaving Runners to the 4h Resistance at 1970.000. – Sells on close below 1953.000 targeting Weekly Support formed at 1948.000, Leaving Runners to the Daily Support formed at 1942.200. – High Impact News ahead of the New York session starting with FOMC Member Waller participating in a panel discussion titled ” Challenges Facing Macroeconomic Policy ” at the Norges Bank, the International Monetary Fund and the IMF Economic Review joint conference on ” The Future of Macroeconomics Policy” in Olso. We also have Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 16.06.2023 1h chart– Previous Daily candle closed strong Bullish at 179.240 as the strong Bullish momentum continues. – Buys on close above 179.760 targeting previous Weekly Support formed on 7th September 2015 at 180.360, Leaving Runners to the Monthly Low formed in October 2015 at 180.680. – Sells on close below 179.040 targeting 15min Support formed at 178.640, Leaving Runners to the 4h Support formed at 178.220. – High Impact News ahead for the Japanese Yen as Bank Of Japan review Bank Rate decision during the Asian session.
by SalimFX20
XAUUSD Technical Analysis 15.06.2023 1h chart– Previous Daily candle closed Bearish at 1942.200 leaving 160 pip Rejection to the upside. – Buys on close above 1950.100 targeting 4h Resistance formed at 1956.500, Leaving Runners to the next 4h Resistance formed around 1963.600. – Sells on close below 1939.800 targeting 4h Support formed at 1933.400, Leaving Runners to the previous Monthly Resistance formed in February 2023 at 1928.300. – High Impact News ahead of the New York session for the US Dollar and US Economy, High Volatility expected during the news release.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 15.06.2023 1h chart– Previous Daily candle closed small Bullish at 177.300 as price ranged overall during the Wednesday session. – Buys on close above 173.580 targeting Monthly previous Support formed in April 2015 at 177.940, Leaving Runners to the Daily Resistance formed on 31st December 2015 at 178.500. – Sells on close below 177.110 targeting 1h Support formed at 176.740, Leaving Runners to the 4h Support formed at 176.540. – Overall price consolidated during the Wednesday trading session respecting the No Trade Zone that was identified on the Analysis posted for 14th June 2023.
by SalimFX20
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XAUUSD Technical Analysis 14.06.2023 1h chart– Previous Daily candle closed Bearish at 1943.800 leaving a Rejection wick at 1971.200. – Buys on close above 1947.200 targeting 15min Resistance at 1952.800, Leaving Runners to the 4h previous Support formed around 1957.000. – Sells on close below 1940.200 targeting 4h Support at 1933.400, Leaving Runners to the previous Monthly Resistance formed in February 2023 at 1928.300. – High Impact News day ahead for the US Dollar and US Economy, starting with Core PPI m/m and PPI m/m 30min after New York session opens, Later on the Day we have the Bank Rate for US Dollar, FOMC Economic Projections, FOMC Statement, Federal Funds Rate followed by the FOMC Press Conference.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 14.06.2023 1h chart– Previous Daily candle closed strong Bullish at 176.800 breaking above the Daily Resistance formed on Monday, forming new Daily Support around 174.490. – Buys on close above 177.100 targeting previous Daily Support formed on 21st April 2015 at 177.580, Leaving Runners to the previous Monthly Support formed in April 2015 at 177.940. – Sells on close below 176.520 targeting 4h previous Rejection at 176.050, Leaving Runners to the 1h previous Resistance formed at 175.640. – High Impact News ahead of the Pre London session for UK Economy, GDP m/m forecasted at : 0.2% / previously was -0.3%.
by SalimFX20
1
XAUUSD Technical Analysis 13.06.2023 1h chart– Previous Daily candle closed Bearish at 1957.600 respecting Daily Resistance formed on Friday 9th June 2023. – Buys on close above 1959.000 targeting Daily Resistance formed at 1965.300, Leaving Runners to the 4h Resistance formed around 1969.700. – Sells on close below 1952.000 targeting Weekly Support formed around 1948.000, Leaving Runners to the 1h Support formed at 1944.600. – High Impact News ahead of the New York session for the US Economy, CPI m/m, CPI y/y and Core CPI m/m. High Volatility expected during this session.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 13.06.2023 1h chart– Previous Daily candle closed Bearish at 174.500 forming new Daily Resistance at 175.250. – Buys on close above 174.910 targeting 1h Resistance at 175.120, Leaving Runners to the 4h Resistance formed around 175.380. – Sells on close below 174.450 targeting 1h Support at 174.150, Leaving Runners to the next 1h Support formed around 173.950. – High Impact News ahead of the Pre London session for the Claimant Count Change, Average Earnings Index 3m/y and Unemployment Rate, During New York session we have Bank Of England Governor Andrew Bailey due to testify about central bank independence before the House of Lords Economic Affairs Committee in London.
by SalimFX20
XAUUSD Technical Analysis 12.06.2023 1h chart– Previous Weekly candle closed Bullish at 1961.300 forming Weekly Support around 1948.000, Friday Daily candle closed Bearish forming Daily Resistance around 1965.600 – Buys on close above 1967.300 targeting 1h previous Support formed on 2nd June 2023 at 1975.000, Leaving Runners to the 4h Resistance formed at 1980.600. – Sells on close below 1958.300 targeting 15min low formed on Thursday 8th June 2023 at 1954.200, Leaving Runners to the 1h previous Resistance formed on 8th June 2023 at 1948.600. – Overall the Friday Daily candle has being consolidating so ideally is to wait for price to breakout of the 4h range with strong confirmation.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 12.06.2023 1h chart– Previous Weekly candle closed Bullish at 175.240 respecting the previous Weekly Low, Friday Daily candle also closed Strong Bullish breaking out of the Daily consolidation zone formed during the week. – Buys on close above 175.540 targeting previous Daily Support formed on 13th April 2015 at 175.900, Leaving Runners to the Monthly previous Support formed in February 2015 at 176.450. – Sells on close below 175.010 targeting 1h Support formed at 174.710, Leaving Runners to the 4h previous Resistance formed on Thursday 8th June 2023 at 174.360. – The higher timeframe Bullish momentum continues strong, Most recent Monthly Support was formed in January this year.
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4
XAUUSD Technical Analysis 09.06.2023 1h chart– Previous Daily candle closed strong Bullish at 1965.600 forming new Daily Support around 1940.100. – Buys on close above 1970.600 targeting Daily Resistance formed at 1977.600, Leaving Runners to the 1h Resistance formed at 1982.700. – Sells on close below 1961.800 targeting 1h previous Support formed on Wednesday 7th June 2023 at 1955.800, Leaving Runners to the 1h previous Resistance formed at 1949.400. – There is a higher probability for price to retest Daily Resistance formed on Friday last week as the Thursday Daily candle corrected the whole bearish move from Wednesday and also closed above it.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 09.06.2023 1h chart– Previous Daily candle closed small Bullish at 174.440 as price have been consolidating on the 4h timeframe. -Buys on close above 174.520 targeting Weekly Rejection formed on 1st February 2016 at 175.020, Leaving Runners to the Previous Daily Support formed on 13th April 2015 at 175.700. – Sells on close below 173.950 targeting 4h previous Resistance at 173.650, Leaving Runners to the Daily Support formed at 173.410. – Overall the Thursday Daily candle have been ranging for this week, Buy targets remained the same as the Analysis posted for the 8th June 2023.
by SalimFX20
XAUUSD Technical Analysis 08.06.2023 1h chart– Previous Daily candle closed Strong Bearish at 1940.000 forming new Daily Resistance around 1963.500. – Buys on close above 1944.600 targeting 1h previous Support formed at 1954.800, Leaving Runners to the Daily Resistance formed at 1963.200. – Sells on close below 1933.500 targeting 4h previous Resistance formed on 15th March 2023 at 1926.500, Leaving Runners to the 1h Support formed at 1919.500. – High Impact News ahead of the New York session for the US Economy, Unemployment Claims forecasted at 236K, previously was 232K.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 08.06.2023 1h chart– Previous Daily candle closed Bullish at 174.160 forming Daily Support at 174.430. – Buys on close above 174.130 targeting Weekly Rejection formed on 1s February 2016 at 175.020, Leaving Runners to the previous Daily Support formed on 13th April 2015 at 175.700. – Sells on close below 173.780 targeting Daily Support at 173.430, Leaving Runners to the 4h Support formed at 172.990. – With high volume session there is a good probability for price to continue Bullish as the current Weekly still respecting the previous Weekly Low and the Daily this Wednesday closing Bullish above Daily Resistance formed on Monday 5th June 2023.
by SalimFX20
1
XAUUSD Technical Analysis 07.06.2023 1h chart– Previous Daily candle closed weak Bullish at 1963.500 as price forming new 4h Range between 1957.000 and 1966.000 level. – Buys on close above 1966.400 targeting 30min previous Support formed on 2nd June 2023 at 1971.000, Leaving Runners to the Daily Resistance formed around 1977.600. – Sells on close below 1957.100 targeting 30min previous Resistance formed on 2nd June 2023 at 1953.400, Leaving Runners to the Daily Support formed on Monday this week around 1948.000 – Overall the No Trade Zone and both targets for Buys and Sells remained the same as Tuesday price action have respected the No Trade Zone and ranged within.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 07.06.2023 1h chart– Previous Daily candle closed Bearish at 173.420 leaving a Rejection wick to the downside around 172.680. – Buys on close above 173.780 targeting Daily Resistance at 174.130, Leaving Runners to the 30min Resistance formed around 174.370. – Sells on close below 173.100 targeting 30min Support at 172.760, Leaving Runners to the 4h Support formed around 172.300. – Despite Daily closing Bearish price keeps on rejecting the Downside and retracing back closing above the recent Daily Support formed on Thursday 1st June 2023.
by SalimFX20
XAUUSD Technical Analysis 06.06.2023 1h chart– Previous Daily candle closed Bullish at 1961.900 forming Daily Support at 1948.000 as price respected the Daily Supports formed on the left. – Buys on close above 1965.500 targeting 30min previous Support formed on Friday 2nd June 2023 at 1971.000, Leaving Runners to the Daily Resistance formed at 1977.600. – Sells on close below 1957.100 targeting 30min previous Resistance formed on Friday 2nd June 2023 at 1953.400, Leaving Runners to the Daily Support formed on Monday this week at 1948.000. – There is a probability for price to retest Daily Resistance formed on Friday last week.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 06.06.2023 1h chart– Previous Daily candle closed Bearish at 173.560 forming Daily Resistance around 174.130. – Buys on close above 173.760 targeting Daily Resistance formed at 174.130, Leaving Runners to the 30min Resistance formed at 174.370 – Sells on close below 173.010 targeting 1h Support at 172.680, Leaving Runners to the 4h Support formed at 172.300. – The Daily Low formed on Monday this week at 172.850 could be retested if price respect Daily Resistance formed around 174.130.
by SalimFX20
XAUUSD Technical Analysis 05.06.2023 1h chart– Previous Weekly candle closed weak Bullish at 1948.000 forming weak Weekly Support around 1946.600, Friday Daily candle closed Strong Bearish forming Daily Resistance around 1977.600. – Buys on close above 1953.500 targeting 4h previous Support formed on 1st June 2023 at 1960.200, Leaving Runners to the 15min Resistance formed around 1966.500. – Sells on close below 1943.200 targeting previous Monthly Resistance formed in April 2022 around 1937.500, Leaving Runners to the 4h Support formed around 1932.200. – ISM Services PMI data to be released during the New York session forecasting 52.6, previously was 51.9.
FOREXCOM:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 05.06.2023 1h chart– Previous Weekly candle closed Bullish at 174.120, Friday Daily candle also closed Bullish but left a slight Rejection to the upside. – Buys on close above 174.350 targeting the Friday Daily High for a Wick Fill at 174.690, Leaving Runners to the Weekly Rejection formed on 1st February 2016 at 175.020. – Sells on close below 173.680 targeting Daily Support formed at 173.300, Leaving Runners to the 1h Support formed at 173.020. – Overall price have been Consolidating on the Daily timeframe from last week and possibly price could form a Rejection to the Upside as the last Weekly candle closes small Bullish compared to the previous 2 Weekly candles.
by SalimFX20