Gold Weekly Analysis
Gold closed bearish and formed a lower high after retesting the Weekly resistance around 2072.
USD CPI on Thursday
USD PPI on Friday
Not much news this week but anticipating a strong move after the CPI release at the end of the week
GBPJPY Weekly Analysis
GBPJPY pushed up from the Weekly rejection area and back above a strong weekly support
Strong bullish close last week with price moving 400pips
GBP GDP on Friday
Slow news week for GBP. GDP is forecast to have increased from the month before so a positive reading should be bullish for GBP at the end of the week
*USD CPI on Thursday might influence price movement for GJ as well
Check out the USD + GBP News This Week 8th January to plan for news and possible scenarios
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