Gold breaks resistance levels

Source: Dukascopy Bank SA
On Friday, gold's price broke off the hourly simple moving averages. On Monday, there was a surge that started when the rate bounced off the support of the 200-hour SMA.  

In general, the pair had no technical resistance as high as the pivot point at 1,570.00. In theory, the price should reach for this level.  

On the other hand, the rate could trade sideways, as it waits for the support of the SMAs to push it higher.
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Tue, 21 Jan 2020 08:23:45 GMT

EUR/JPY targets at 50.00% Fibo level

The common European currency has edged lower by 42 basis points against the Japanese Yen since yesterday's trading session.

Mon, 20 Jan 2020 11:11:34 GMT

USD/JPY gets squeezed

On Friday, the USD/JPY retraced down to the support of the 55-hour simple moving average and the 110.00 mark. On Monday, the pair was still supported by the SMA. In the meantime, it faced the resistance of the 110.20 level. 

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