14OCT - Fed Tapering? Trade ideas on JPY & Gold
Currency call summary 14 10 2021:
GBPJPY buy trade idea: needs to clear the significant resistance level at 155.63.
Entry: 153.80
SL: 50 pips
TP: 150 pips
EURJPY: buy trade idea
Entry: 131.87
SL: 40 pips
TP: 160 pips
USDJPY: buy trade idea
Has been uptrending recently but with recent DXY weakness the break over 113.76 resistance will be a challenge to get through currently. Therefore waiting on the DXY to have a bounce back down at the 93.70's will be something to look out for so trade on this pair yet.
Gold: buy trade idea
Buying opportunities is price can test and bounce off the 1777 support level.
*Gold is not a short term trade idea but a point to add into a longer term position*
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