CADJPY went bullish to go and retest the previous low at 99.500 then came back down to breakout at 98.000 it is very likely that the markets next location is the support at 96.000.
OANDA:CADJPY
OANDA:XAUUSD
Since Market is from a Bearish impulse the current gold price is situated inside a descending channel. Price will go towards the upside either to test (RES 1) resistance and shoot downwards or break (RES 1) to the upside to test (RES 2) resistance and then go down since the long term direction is short(Bearish).
