End of Day Technical Analysis Report for:
Technical Recommendation: We are Short.
► USDJPY: today price attempted to break-out of the recent range 122.25-123.50 but failed. Not a strong enough rejection to call a reversal but we may see more downside next few sessions to re-test the bottom of the range.
Technical Recommendation: Stand aside.
► GOLD: after yesterday’s potential bearish fakey set-up, today price attempted a breakout of the bottom of the mother candle range only to close back above it. A fakey the other way? Given the strength of the recent downtrend and today’s action we are inclined to believe we are now going to see price re-test the 1000$ mark.
Technical Recommendation: Looking to go Short.
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