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GOLD + GBPJPY Week Ahead Analysis 5th February


Gold Weekly Analysis

Gold Weekly Chart 5th Feb

Gold started the week bullish after a gapping up at market open. Last weeks candle formed support, broke the high and closed engulfing the previous weeks candle.


  • USD ISM Services PMI on Monday

  • USD Unemployment Claims on Thursday


Very slow news week for Gold this week so anticipating Gold to trade within the weekly support (2018) and resistance (2072) levels



GBPJPY Weekly Analysis

GBPJPY Weekly chart 5th Feb

GBPJPY pulled back from resistance and retested a previous weekly key level @ 185.17 before pushing back up towards resistance. Last week closed with a rejection candle


No high impact GBPJPY news is due this week so I'm anticipating GBPJPY to range in between 185 - 188 or continue bullish and head towards the 190s area


Check out News This Week 5th February for scenarios



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