Gold Weekly Analysis
Gold continue bearish last week although it failed to break the previous weeks low point
USD CB Consumer Confidence and JOLTS Job Openings on Tuesday
USD ADP and FOMC (Interest Rates) on Wednesday
USD ISM Manufacturing PMI on Thursday
USD NFP and Revised UoM Consumer Sentiment on Friday
Big news this week for gold with two very high volume news releases being the USD Interest Rates decision and Non Farm Payrolls
We should see Gold break out of this range and give us some more direction
GBPJPY Weekly Analysis
GBPJPY ranged for most of the week. Price respected resistance but closed weak bearish with a long bottom wick
GBP Official Bank Rate (Interest Rates) on Thursday
GBP Interest Rates are forecast to stay at the same rate of 5.25% this week which should be bullish for GBP. Anticipating GBPJPY to break above the weekly resistance level @ 188.40 and make its way into the 190s by the end of the week
Check the News This Week 29th January for more scenarios of all the news this week
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