|EUR/USD Daily Chart|
Yesterday EUR/USD has been rejected off resistance 1.2952 like we mentioned before in our previous analysis. We can then sell this pair if price retrace @1.2917
|XAU/USD Daily Chart|
|XAU/USD H4 Chart|
Yesterday the Gold price was dumped at the American session similar to EUR/USD. Rejecting the EMA 8 in the daily chart opened a door to short opportunity. If price then retrace back to 50% of its yesterday's daily bar then we might find a sell opportunity.
GBP/USD Analysis : Target Hit !
|GBP/USD Daily Chart|
The GBP/USD did make a huge move yesterday hitting our target profit resulting a +136 pips profit. And the move stops right at the next support 1.5032. We must note this support as important one. Through this post i would like to point out how a good trading set up was made with a 1: 2 Risk /Reward Ratio. Before that, the price was already break the 1.5200 support level forming an inside bar. We figured out that the price might break the mother bar low after it move back down at 21th May.
|GBP/USD H4 Chart|
Still on the GBP/USD Analysis we found a near term resistance at the H4 Chart @1.5157. If price then retrace back to that resistance at the H4 Chart we would find a sell opportunity.