14OCT - Fed Tapering? Trade ideas on JPY & Gold

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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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