Eur/Jpy has formed a Bullish bar during the week after comments from ECB that they may begin bond buying .The Aussie and New Zealand dollar are as well bullish and may continue rising on the short term as they depend a lot on the Euro region for trade.
This pair shows divergence on the RSI indicator as well which further emphasizes more bullishness.
Gold and crude where equally bullish moving to the end of the week with the renewed risk appetite that saw money flow away from the safe havens into riskier assets.Light sweet crude formed a reverse H&S pattern that was broken on the daily charts and is headed higher should the same conditions continue to prevail.
Gold was also not left behind and is headed higher after breaking the bullish ascending triangle on the daily charts.I am expecting a minor pull back on both pairs before bullish continuation come next week as the markets continue with the renewed confidence in the Euro.
Gold must first break the 1629 resistance line that has held for a while now with the 38.2% fib level.A break above will further increase chances of more bullish price action in the coming weeks.
Good luck trading this week and watch out for the main events.
Trading opportunites is best for the earn money.
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