Gold Weekly Analysis
Gold continued its pull back from the highs with the weekly time frame breaking last weeks lows
USD Prelim UoM Consumer Sentiment on Friday
Not much news for USD this week so I'm anticipating Gold will range or slow continue to sell off
GBPJPY Weekly Analysis
GJ pushed up to 200 but Bank of Japan's intervention started a sell off that continued for the whole week
GBP Official Bank Rates on Thursday
GBP GDP on Friday
GBP Interest Rates are forecast to remain at 5.25%, this is typically bullish for GBPJPY. This week I anticipate GJ will form support and slowly buy back up towards resistance.
Check out the News Cheat Sheet 6th May for more scenarios
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