EUR continues the downside move but the price is still supported by the Daily Senkou Span A price at 1.3690. Breaking to the downside at the very beginning of the positive Ichimoku is possible but not so reliable we have a good support area around 1.3600 too and the price may quickly recover above 1.3760 if we have something surprising from FED this Wednesday. As long as the price is below 1.3750 we are bearish targeting 1.3600. Daily close above 1.3700 should warn you for a possible reverse of the downside, so be careful.
GOLD continues to recover and is back above 1300 again. Now we have the 1298-1300 support area. It is not wide but i think is strong enough to help the metal to reach 1312-1320 in the next few days. Upside will be restored above 1336. Weekly support is 1278, below that downside pressure will be increased. Try to enter LONG close to the 1298 support and place 3-4 USD stop loss.
NZD quickly recovers after 0.8520 support stopped the correction move, so the price is now attacking 0.8600-0.8610 resistance area, and if broken next target will be 0.8646 and finally 0.8700. Support is at 0.8570 and 0.8520.
AUD has made a quick jump higher and recorded a fresh high last Friday, now it is in a correction move and the target is 0.9260, the pair is bullish above it and another upside attempt will follow. Deeper correction may appear only below 0.9240.
JPY makes some recovery ahead of BoJ meeting. First support comes at 102.90 followed by the 102.40 and finally 102.00. I think the pair will continue to move today between 102.90 and 103.40.
GBP is trading below the 1.6600 weekly support and only a clear break above will restore the upside. Now the last support is 1.6510. Breaking below will send the price to 1.6340 very quickly. Despite the bearish outlook, bulls are still around as the price is in a flat consolidation waiting for BoE meeting this week.
LONG EUR above 1.3700 SL 1.3685 TP 1.3740-1.3760-1.3800
SHORT EUR below 1.3740 SL 1.3755 TP 1.3690-1.3670-1.3610
LONG GOLD above 1298 SL 1294 TP 1308-1312-1318-1328
SHORT GOLD below 1295 SL 1299 TP 1286-1280
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