As the closing of the month is almost here, market experienced huge selling pressure throughout the day apart from some resistance probably correction from buyers! Selling looks promising on the days chart!
USDJPY after having the long upwards direction is looking forward to get hold onto the lower regions now. What do you guys think of it now?
Looking at the Current situation, the pair is giving respect to the nearest resistance upward. Let's see where it goes. This is strictly an analysis
The support Xauusd is holding is pretty strong now as the support remains intact even after the data. Looking forward to the NFP now. A thing to keep in mind is the over bought levels of RSI that remains a reason that gold can go a bit down get some correction and head back up. First target 2044 and second 2070
As of the current situation gold is looking to be at a bounce again and may get above the previous highs