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  • Gold ($XAUUSD) is making a bid to break back above a frequented pivot level around 1765. This despite risk trends being up (against its haven status) and the Dollar holding steady (pricing factor) https://t.co/pmbnoxYCXf
  • USD/CAD: A convincing rejection of the 1.26 handle, which also coincided with the 50% fib of the 2021 range. Get your $USDCAD technical analysis from @JMcQueenFX here:https://t.co/VubZkkShN0 https://t.co/zhAZJXtoqm
  • Hey traders! Are we witnessing a clear stretch for S&P500 and Nasdaq? Find out from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/SMh1QQZ7lT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.46% 🇦🇺AUD: 0.38% 🇯🇵JPY: 0.26% 🇬🇧GBP: 0.05% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LaMYeDZc9M
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.86% FTSE 100: 0.85% Wall Street: 0.77% France 40: 0.46% Germany 30: 0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/oTS1NQDC68
  • Gold back towards key resistance (1760-65) that has capped rallies over the past two months - US yields at session lows providing the latest push higher https://t.co/u35ePHQXOb
  • Gold back towards key resistance (1760-65) that has capped rallies over the past two months - US yields at session lows providing the latest push higher
  • The US Dollar has weakened further today following strong retail sales and jobless claims prints and a fall in longer-term US yields. The $DXY hit an intraday low around 91.50, its lowest point in nearly a month. $USD https://t.co/ySs86SDZpb
  • #Silver is strengthening today, rising from 25.50 to currently trade above 25.85. The precious metal is now trading at a three week high. $XAG $SLV https://t.co/N00VYEmMlf
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 1.85% Gold: 1.56% Oil - US Crude: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0XcUzDWhqz
USD/JPY Confluence Could Provide Support Near 120

USD/JPY Confluence Could Provide Support Near 120

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/JPY Confluence Could Provide Support Near 120

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The next USDJPY upside level of interest would be the 2007 high at 124.13. Typically, one would expect a larger move out of a 3 month consolidation pattern but there are other options (including a more drawn out flat or triangle).”

-2015 is eerily similar to 2014 thus far as the range continues to contract. Barring a break above 122, continue to favor the broad triangle or flat idea from the Dec high. Beware of support near 120.10

For more analysis and trade setups, visit SB Trade Desk

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