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Disclaimer: This newsletter should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments.
GBPJPY – Spot: Weekly Chart
A Bullish Long Tailed Pin Bar Signal formed several weeks ago.
The market is consolidating within a long term up trend.
There is strong support at 149.00 (low of the tail of the recent pin bar).
We are considering buying on weakness and/or after a price action buy signal, whilst price remains above the 149.00 support zone.
GOLD – Spot: Daily Chart
The market is now down trending strongly.
There is strong resistance at both the $1750’s and $1830’s levels.
We are considering selling on a retracement higher and/or after price action sell signal, whilst price remains below the $1750’s resistance level.
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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.