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Daily Market Analysis 14/06/2021: USDJPY

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Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above  109.835 with take profit at 109.966. Bearish Preference: Sell position is envisaged if price trades below 109.582 with take profit at 109.453. Fundamentals:No major Fundamentals Comment: The US Dollar (via the DXY Index) proved feeble in the wake of the May US nonfarm payrolls report, failing to gain …

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Daily Market Analysis 14/06/2021: GOLD

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Instrument: Gold Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1876.82 with take profit at 1880.96. Bearish Preference: Sell position is envisaged if price trades below 1847.87 with take profit at 1844.40. Fundamentals:No major Fundamentals Comment: Gold prices extended lower during Monday’s APAC session after falling 1.14% on Friday, as the US Dollar climbed alongside longer-dated Treasury …

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