USDJPY, USDCAD and GBPUSD start giving back some of their gains

USDJPY has ducked back under 114.00 to 113.83, while USDCAD has got over it’s spike into 1.2700 by falling to 1.2672. GBPUSD has dropped through siupport that was trying to build at 1.3245. 1.3220/25 will become important again.

There’s no real driver behind these moves but Zerohedge report that the’re been a $2bn bid put into Gold futures, and that’s jumped $7 odd to 1279.25, so there might be some knock-on from that is someone is getting risk averse.

Gold H1 chart

Gold H1 chart

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Pin It on Pinterest