GOLD + GBPJPY Week Ahead Analysis 22nd April

Gold Weekly Analysis

Gold continued bullish last week but traded within a tight range, closing below last weeks high

• USD Flash Manufacturing/Services PMI on Tuesday

• USD Advance GDP q/q on Thursday

• USD Core PCE Price Index m/m + Revised UoM Consumer Sentiment on Friday

Anticipating Gold to continue its bullish structure with pull backs throughout the week due to news

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GBPJPY Weekly Analysis

GBPJPY respected daily resistance all week, closing bearish on Friday after retesting daily support

• GBP Flash Manufacturing/Services PMI on Tuesday

• JPY BOJ Policy Rate on Friday

No major news for GBP this week but on Friday during Asian session the Bank of Japan will be releasing its interest rates which is typically bullish for GBPJPY

Check out the News Cheat Sheet 22nd April for more scenarios