Gold is pushed up

Source: Dukascopy Bank SA
Since last year, the yellow metal's price has been pushed up by the 55-hour simple moving average. 

On Thursday, the price was expected to continue to be pushed up during the next trading session due to a couple of factors. The 55-hour SMA was about to be strengthened by the 100-hour SMA from below. Secondly, the rate faced no technical resistance as high as 1,544.00.

However, take into account the rate's previous attempt to sharply surge was stopped by a round price level. The 1,525.00 stopped the metal's surge on December 31.
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Fri, 03 Jan 2020 08:34:57 GMT

EUR/JPY breakout occurs

The common European currency has depreciated by 1.12% in value against the Japanese Yen since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at 121.42 on Thursday.

Thu, 02 Jan 2020 13:24:57 GMT

USD/JPY continues to recover

The USD/JPY started a recovery at the end of the year. By middle of Thursday's trading, the recovery had reached above the resistance of the 55-hour simple moving average near 108.80. 

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