Daily Forex Analysis - JPY & Gold Currency Analysis (29 July 2021)

#OPINIONLEADER# #Signal#

Currency call summary 29 07 2021:

USDJPY sell trade opportunity if it can break through 109.60 with a 30 pip stop loss and a 60 pip take profit with anticipated further US dollar weakness if the GDP data coming out tonight at 20:30 GMT+8 misses expectations. EURJPY is seen as a no trade situation given the range bound price action for the last several days, although currently on the one hour time frame price is breaking out over 130.19 and would be a potential buy trade if this candle can close near the high. Using a 30 pip stop loss and 60 pips take profit and . GBPJPY is a possible sell trade if price can come back below 152.90 with a 30 pip stop loss and 100 pip take profit. Gold is currently trading over the 1813 resistance level and is a potential buy trade if the US GDP release tonight misses expectations with a 30 pip stop loss and 50 pip take profit.