Pairs in Focus This Week \u2013 AUD/USD, USD/JPY, GBP/USD

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Check out this week's Pairs in Focus- Forex Trading

has gone back and forth during the course of the training, as we have tested the crucial 0.66 level underneath to find plenty of support yet again. Recently, the pair has been trading between the 0.66 level in the 0.68 level, and we are going to continue to see the market hang in this area.

I would look at this through the prism of a short-term range-bound trading environment but do recognize that if we can get a close outside of this 200-point range, it’s likely that we either go to the 0.70 level to the upside or the 0.64 level on the downside.has broken higher against the Japanese yen to break a major barrier at the ¥138 level.

Ultimately, I don’t have any interest in selling gold yet, and I think that it would not be overly surprising to see the gold market return and try to get to the $2000 level.rallied during the better part of the week, as we continue to threaten a significant breakout. We did pierce the 4200 level, but it looks like there is a little bit of pushback at this point. With that in mind, I think it still remains more or less a “buy on the dips” market, but one that you need to be cautious with.

It’s worth noting that the NASDAQ 100 has been very bullish as of late, and of course this past weekly candlestick was very strong.

 

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